Vortex Energy agrees sale of 49% stakes in 998 MW wind portfolio
Vortex Energy, a platform managed by Egyptian bank EFG Hermes, has signed an agreement with JP Morgan Asset Management (JPMAM) to sell a 49% shareholding in an operational European wind portfolio managed and co-owned by EDPR.
The deal involves the sale of interests in 56 operational wind farms with a gross capacity of 998 MW spread across Spain, France, Portugal, and Belgium to institutional investors advised by JPMAM.
Vortex’s advisors on the transaction included BofA Merrill Lynch (sell-side M&A advisor), Shearman & Sterling (legal), Linklaters (legal), PwC (financial and tax), DNV GL (technical), Baringa (market).
The closing of the transaction is subject to the completion of certain conditions precedents.
Country updates
-
-
January 27, 2019
Scottish authority clears 63 MW Pencloe wind project planning consent
The Scottish authorities have cleared planning consent for the 63 MW Pencloe wind project proposed by US energy company Invenergy and UK developer North British Wind. The project...
Read more -
January 23, 2019
SIMEC Atlantis Energy to acquire SIMEC Green Highland Renewables and its hydro assets
Atlantis has conditionally agreed to acquire SIMEC Green Highland Renewables at an agreed enterprise value of £124.7 million (US$161 million) from the SIMEC group, part of the GFG Alliance. Agr...
Read more -
January 21, 2019
Downing exits five hydro projects in UK to GHI Holdings Limite
Investment manager Downing LLP has announced the recent sale of Osprey Green Power Limited, the fifth exit by its funds from a series of seven hydro investments based in Scotland and managed by Gilkes...
Read more -
January 18, 2019
China Three Gorges Europe completes purchase of 10% stakes in 950 MW Moray East offshore wind farm
China Three Gorges Europe has completed the purchase of a 10% stakes in the 950 MW Moray East offshore wind project from EDP Renovaveis. The offshore wind farm is located in ...
Read more -
January 17, 2019
Hitachi suspends work on 5.8 GW nuclear power project in Wales
Horizon Nuclear Power has announced that it will suspend its UK nuclear development programme, following a decision taken by its parent company Hitachi, Ltd.
Read more
