Wind Prospect acquires stake in French wind farm

The renewable energy developer and adviser has acquired a 10% stake in SEM Renouvelables, a state-owned company in France. The deal also includes part-ownership of a 12-megawatt wind farm in central France.

Renewable energy specialist Wind Prospect has acquired a 10 percent stake in SEM Energies Renouvelables (SEMER), a French state-owned company.

The deal also includes part-ownership of a 12-megawatt wind farm near Issoudun, in central France, that had recently been commissioned by SEMER, according to a statement by Wind Prospect. The farm started operating in March 2010 and benefits from a 15 year feed-in tariff from energy group EDF, Wind Prospect said.

French banks Credit Agricole and Groupe Caisse d’Epargne are also shareholders in SEMER.

Under the terms of the deal, the commercial and technical management of the wind assets will be handled by Wind Prospect, which had previously been responsible for their auditing and commissioning, the statement read. Wind Prospect has also been responsible for auditing and commissioning three other wind farms on behalf of Allianz, a European insurance company.

Wind Prospect is an international developer and advisor that specialises in renewable energy. Established in 2008, the French office was responsible for approximately 50 percent of all onshore wind due diligence acquisition in France during 2009.

The company has opened offices in emerging markets including Turkey and Poland. It also has offices in Australia, Canada, China, France, Ireland, the UK and US.