Deals

DIF buys new French wind project

DIF Infrastructure II has acquired a new wind project in northern France with a total capacity of 20 megawatts. This is the third wind project acquired by DIF in June, taking its wind portfolio to 410 megawatts.

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DIF Infrastructure II has acquired 100 percent of a 20-megawatt wind project from Dexia Crédit Local, the European retail and commercial bank.

DIF: Fierville third wind
deal in this month alone
The Fierville project, as it's known, is located in the Normandy region, in northern France.

It consists of 10, two-megawatt Repower wind turbines and was originally developed by EDF Energies Nouvelles France, a Paris-based renewable energy corporation. The project benefits from a 15-year power purchase agreement with EDF and has been financed with a non-recourse loan facility provided by Dexia Crédit Local.

This acquisition adds another 20 megawatts of wind power to DIF’s wind portfolio, taking its portfolio of operational projects and projects under construction in France and Germany to 410 megawatts.

Earlier this month, DIF acquired two more wind projects – an onshore wind farm with a capacity of 8 megawatts in Germany and a 9.2-megawatt wind project in France.

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 €450 million of PPP/PFI and renewable energy assets.