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Marguerite Fund takes 49.99% in 104 MW of Polish wind farms

(SeeNews) - Nov 1, 2012 - Luxembourg-based equity fund Marguerite Fund yesterday said it had set foot on the Polish market with the buy of a 49.99% stake in 104 MW of wind farms in northwestern Poland from Austria-based RP Global Group.

Green energy developer RP Global Group will keep the remaining 50.1% stake in the the 50-MW Tychovo and the 54-MW Kukinia wind farms and will operate the facilities. The Tychowo wind farm started operating in 2010, while the Kukinia wind farm is entering the construction phase.

The Marguerite Fund was established in 2010 to invest in greenfield and expansion projects in the energy and transport sectors in the European Union member states. It has so far invested in four projects in the offshore wind, photovoltaic (PV) and morotways sectors in Belgium, France and Spain, it said.

The fund is backed by six European financial institutions, including the European Investment Bank, German development bank KfW and Polish lender PKO Bank Polski (WAR:PKO).

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