FP Lux Investments buys 19.2 MW of French, German wind

Wind farm in Germany. Author: Clément Belleudy. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

February 18 (Renewables Now) - Luxembourg-based special fund FP Lux Investments has purchased 19.2 MW of wind parks in Germany and France that will be added to the portfolio of its Wind Infrastructure I sub-fund.

Following the acquisition, Wind Infrastructure I sub-fund’s assets have grown to 343 MW. The latest deal was announced by M&A advisor and asset manager Re:cap global investors ag, which is responsible for managing the whole evaluation and acquisition process of the special fund. The vendor is wind developer Energiequelle.

The 19.2-MW bundle consists of the feed-in tariff-supported Melgven and Callac wind farms in France, with a combined capacity of 10.8 MW, and the 8.4-MW Gardelegen plant in Germany’s Saxony-Anhalt state. The combined annual output of the three facilities is estimated to be enough to supply over 15,300 homes, mitigating more than 24,000 tonnes of carbon dioxide (CO2) emissions.

The Wind Infrastructure I fund, with an investment volume exceeding EUR 600 million (USD 649.7m), now owns 26 wind farms in Germany, France, Finland and Sweden. It has already been fully invested, Re:cap said.

(EUR 1.0 = USD 1.083)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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