Fred. Olsen Renewables enters agreement to sell 51% stake in Global Wind Power France APS
Fred. Olsen Renewables AS (FORAS), a unit of Norwegian group Bonheur ASA, has entered into an agreement with an unnamed French industrial company for the sale of a 51% stake in the Global Wind Power France APS (GWP).
The sale is part of a transaction where the buyer acquires 100% of the shares in GWP from FORAS and the other shareholder, Global Wind Power Europe ApS (GWPE). The transaction, including repayment of shareholder loans, is expected to give net cash proceeds to FORAS in the first quarter of 2020 of approximately EUR46 million (US$51 million).
GWP is a developer which identifies and secures sites suitable for onshore wind projects in France, develops them through to consent and then sells to third parties prior to construction.
Country updates
-
-
March 13, 2020
Total plans to install 25 MW energy storage system in Mardyck
Total launches a battery-based energy storage project in Mardyck, at the Flandres Center, in Dunkirk’s port district. With a storage capacity of 25 megawatt-hours (MWh) and an output of 25 MW of...
Read more -
March 09, 2020
Prysmian to supply and install cables for 496 MW Parc des Iles d'Yeu et de Noirmoutier offshore wind project
Prysmian Group has been awarded a contract worth over EUR150 million (US$169 million) by Réseau de Transport d'Électricité (RTE) for the development of two submarine and land expo...
Read more -
March 09, 2020
Iberdrola becomes a sole owner of 496 MW offshore wind farm
Iberdrola has increased its presence in the offshore wind industry, following the conclusion of an agreement to take 100% ownership of Ailes Marines. The company is developing, constructing and operat...
Read more -
March 05, 2020
EC approves JV of EDPR, Engie for offshore wind assets
The European Commission has approved the 50-50 joint venture plan of France's Engie SA and EDP Renovaveis SA to own EDPR Offshore Espana. The joint venture will develop both fixe...
Read more -
February 27, 2020
ERG acquires three wind farms from LongWing Energy
ERG, through its subsidiary ERG Eolienne France, has acquired from the Luxembourg company LongWing Energy France SA a 100% equity stake in five companies incorporated under French law, owners of three...
Read more
