RPG sells stake in Croatian wind projects to Mirova
Mirova-Eurofideme 3, a fund managed by Mirova, Natixis Asset Management’s responsible investment affiliate, has acquired a 49% stake in RP Global’s Croatian wind portfolio.
The two projects it comprises have been commissioned in July 2014 and January 2016, and have a total installed capacity of 77.9 MW.
RP Global remains the majority shareholder and responsible for the operation of both wind parks.
This deal is RP Global’s third partnership transaction with Mirova. It follows a €15 million (US$17 million) bond issuance to fund French wind projects in April 2015, since repaid, and a subordinated debt investment to build a pan-European portfolio of wind and hydro projects, signed in December 2015.
RP Global CFO Jorge Rodriguez stated:
“This closing enables further growth within RP Global and strengthens our relationship with Mirova, with whom we share the common goal of a coal-free green Europe.”
Mirova Head of Renewable Energy Funds, Raphael Lance added:
"We are pleased to broaden our geographical footprint in Europe alongside RP Global, a very relevant partner due to their strong local presence in Croatia and the high quality of their technical and management team. This third transaction is a true sign of the successful cooperation between our two entities.”
Country news
-
-
April 28, 2016
RP Global inaugurates second Croatian wind farm, becoming Croatia’s largest wind energy investor
Investor and developer RP Global is celebrating the commissioning of its 34.2 MW wind park, Rudine. The inauguration ceremony was attended by prominent members of the wind industry (GE) and banking sector (IFC, Mirova), as well as the local government, among others. Read more -
November 11, 2015
Croatia's HEP to build biomass CHP plant
Hrvatska Elektroprivreda (HEP) a national power company in Croatia has secured construction permit for a woodchip-fired combined heat and power plant (CHP) in Osijek, the fourth largest city in the country. Read more -
September 09, 2014
Croatia seeks private investor for hydropower DBOT project
Hrvatska Elektroprivreda d.d., the national electricity company of the Republic of Croatia, is seeking a strategic partner to develop, design, engineer, finance, construct, operate and maintain a new Hydro Power Plant project Kosinj/Senj on a Design-Build-Operate-Transfer (DBOT) basis for a period of up to 30 years, located in Republic of Croatia. Read more -
September 17, 2014
HEP selects Marubeni as Preferred Bidder for Plomin C coal-fired power plant
Croatia's power utility firm Hrvatska Elektroprivreda (HEP) said on September 2nd it has selected Japan's Marubeni as the best bidder in the tender for selecting a strategic partner for the construction and operation of the 500 MW Plomin C thermal power plant. Read more -
September 17, 2014
IFC arranges financing for Croatian wind project
The International Finance Corporation (IFC) and Independent Power Producer RP Global are joining forces to build a wind farm near Dubrovnik and expand Croatia’s renewable energy production. Read more
