France-based Omnes Capital has sold a 100-megawatt (MW) portfolio of solar and wind assets to Swiss asset manager EOS Holding.
Omnes, an infrastructure private equity firm, worked with developers to build four wind and four solar farms located in France and Portugal between 2010 and 2013. The wind farms collectively generate around 50MW and are in Picardy, Burgundy and Poitou-Charentes, France. The solar farms are located in Portugal and the Aquitaine region in south-western France. This includes a portion of Europe’s largest solar farm, the 300MW Cestas power plant and the Bétout plant.
The assets were previously held in Omnes’ Capenergie funds. The company concluded its most recent fundraising last July at €100 million for its Capenergie 3 fund. At the time, Omnes said it would invest in small- to medium-sized renewable assets to aggregate them into larger portfolios.
Serge Savasta, managing director at Omnes Capital, said this transaction is part of its strategy to develop renewable energy projects with independent power producers and then sell the assets to third-party investors.
“This transaction is a good illustration of this approach,” Savasta said. “With these projects now in operation, this objective has been achieved and we are happy to be passing the baton to EOS Holding.”