August 21 (Renewables Now) - Switzerland-based utility Axpo announced on Tuesday it is selling four French wind farms with a combined capacity of 70.15 MW to EB Erneuerbare Energien Fonds Europa.
The plants, located in the Picardie, Hauts-de-France and Pays de la Loire regions, are currently owned by Axpo's subsidiary Volkswind GmbH. Together, these wind assets are able to generate around 189,000 MWh of clean electricity per year, which is enough to meet the energy consumption of 40,000 households.
Under the agreement, Volkswind will remain in charge of the operational management of the wind farms. The firm has developed over 70 wind farms with an installed capacity of over 1,000 MW in Germany and France and was bought by Axpo in 2015.
EB Erneuerbare is a fund of EB – Sustainable Investment Management GmbH (EB-SIM), which in turn is a unit of Evangelische Bank (EB).