We advised Volkswind GmbH, a subsidiary of Switzerland’s Axpo Holding AG, on its sale of three French wind farms with a combined capacity of 72 MW.
The portfolio currently produces clean energy equivalent to the electricity consumption of about 23,000 households.
CIP is now the world’s largest specialised fund manager for renewable energy investments.
The 3.9 GW NEOM Green Hydrogen Project is a mega-plant to be located in the Oxagon region of NEOM.
One of the main tax giveaways in the UK budget this week was the introduction of full expensing of capital allowances for the next three years.
The three wind farms are strategically located in the favourable NO2 and SE3 Nord Pool zones.
When fully operational, the project will generate 540m kWh of green energy annually, enough to power over 155,000 households.
The wind farm consists of 22 wind turbines and can produce an average of 100 MWh of electricity per year.
With this acquisition, enercity doubles its total wind power capacity to 712 MW and becomes one of the largest players in German onshore wind.
Gallo Due owns an operational 20.7 MW onshore wind farm in the municipality of Oppido Lucano in the southern region of Basilicata.