Wind power

Impax and Gamesa agree sale of French wind project

Wind energy specialist Gamesa has sold a wind project in France with installed capacity of 8 MW to Impax New Energy Investors II (NEF II), an investment fund managed by London-based Impax Asset Management, via its portfolio company, Epuron France.

La Souterraine wind project in the Limousin region of France will be equipped with four Gamesa G97, 2.0MW turbines.  The construction of the project, which was developed and will be built by Gamesa, will start by the end of the year.

Joe Berry, investment director in Impax’s private equity infrastructure team, says: “We are delighted to sign our first Gamesa windfarm acquisition, and hope to expand our co-operation in the future. La Souterraine is an excellent fit within Epuron’s fast-growing French portfolio, and another milestone for the company’s ‘buy and build’ strategy.”

Impax's second private equity infrastructure fund, NEF II, has EUR330m of capital committed to the renewable energy sector and a growing portfolio of wind power projects including over 200MW in construction and operation in France, Germany and Poland, as well as solar photovoltaic investments in Italy.

Gamesa has had a presence in France since 2000. It has brought 126 MW of capacity online in the country and has a project portfolio of more than 570 MW at varying stages of development. 

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