We have advised Vent d’Est, a local developer based in the Grand Est region, on the sale of a majority stake in two wind farms with a total capacity of 16MW to ERG Eolienne France.
Vent d'Est is a company located in the Grand Est region of France with industrial expertise in the management and development of wind power installations and sound relations at a local community level. The company has signed an agreement with ERG, through its subsidiary ERG Eolienne France, for the sale of a 75% equity interest in two companies owners of two wind farms with an overall capacity of 16.25MW, this includes Parc Eolienne de la Voie Sacrée SAS, 12MW, which came on stream in 2007 and Parc Eolienne d’Epense SAS, 4.25MW, which came on stream in 2005. The remaining 25% is held by Renvico France.
The transaction also provides for a co-development agreement between Vent d'Est and ERG regarding an early-stage pipeline of projects totalling around 300MW, again located in France, in areas characterised by very strong winds.
