DIF acquires French wind project

DIF Infrastructure II has acquired a new wind project in France with a total capacity of 9.2 megawatts.

DIF Infrastructure II has acquired 100 percent of a 9.2-megawatt wind project from its original developer JUWI EnR. The Pouillé-les-Coteaux wind project is located near the city of Nantes in western France, DIF said in a statement.
The wind project will consist of four, 2.3-megawatt wind turbines that will be supplied and installed by Enercon, a wind-turbine manufacturing company based in northern Germany.
The project has been financed with a non-recourse loan facility provided by SaarLB, a German Bank, and is expected to be commissioned by November 2010, DIF said.
DIF Infrastructure II is an equity fund established to invest in European infrastructure assets targeting primarily PPP/PFI concessions and renewable energy projects. Established in 2005, the company currently manages a portfolio of €400 million of PPP/PFI and renewable energy assets.