ERG acquires two wind farm with 16 MW capacity

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
ERG acquires two wind farm with 16 MW capacity

ERG, through its subsidiary ERG Eolienne France SAS, has signed an agreement with Vent d'Est SAS, a company located in the Grand Est region of France for the acquisition of a 75% equity interest in two companies owners of two wind farms with an overall capacity of 16.25 MW

The projects are namely, Parc Eolienne de la Voie Sacrée SAS, 12 MW, which came on stream in 2007 and Parc Eolienne d'Epense SAS, 4.25 MW, which came on stream in 2005. The remaining 25% is held by Renvico France SAS.

The value of the acquisition, based on 100%, corresponds to an enterprise value of €12.9 million. The closing, subject inter alia to waiver by the minority shareholder of pre-emption rights, is scheduled to take place by the end of the year.

The transaction also provides for a co-development agreement to be entered into with Vent d'Est SAS regarding an early-stage pipeline of projects totalling around 300 MW again located in France, in areas characterised by very strong winds. The agreement will then pave the way for the launch of greenfield development activities also in France, under the leadership of ERG insofar as concerns the technical definition of the projects and cost management.

List of country news

Country news

  • September 27, 2017

    France plans to invest €20 Billion in an energy transition plan

    Prime Minister Edouard Philippe has announced that the French government plans to invest €20 billion in an energy transition plan.

    Read more
  • August 10, 2017

    Voltalia wins two PV projects in French solar tender

    Voltalia has announced that two solar projects with a total capacity of 8 MW have been selected by the French ministry for Ecological and Social Transition under the “CRE IV” national call for tenders.

    Read more
  • August 07, 2017

    EIB provides €130 M for 320 kV Italy-France transmission project

    Terna and the European Investment Bank (EIB) have signed an agreement for a €130 million (US$153 million) loan in support of investments for the public component of the Piedmont-Savoy project, the new 320 kV direct current electricity interconnector that will link Italy and France.

    Read more
  • August 03, 2017

    Boralex reaches financing 30 MW wind project in France

    Boralex has announced the closing of financing of €46.4 million (US$54.9 million) for the Chemin de Grès wind farm in France’s Nord department.

    Read more
  • August 01, 2017

    EDF EN acquires additional stake in FUTUREN

    EDF Energies Nouvelles has announced the results of its Simplified Public Tender Offer for FUTUREN (FTRN).

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.