HgCapital buys French wind farms

European private equity firm HgCapital has bought a French wind farm portfolio from German renewable energy company ENERTRAG for £46.7 million.

It forms part of its strategy of building a portfolio of European renewable energy projects.

The portfolio comprises four wind farms in the Picardy region of France using 23 Enercon-manufactured turbines. Under the terms of the deal, ENERTRAG will continue to operate and maintain the wind farms for 20 years.

This transaction brings the total power output of HgCapital’s European renewable energy portfolio to more than 100MW, representing a total investment of more than £100 million.

HgCapital was advised by Vinson & Elkins, Jeantet & Associates, Deloitte and Touche and Wind Prospect.

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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