Wind energy in France: Nordex wind turbines to project developed in-house

Once again the Nordex Group has sold a new project in France via its “Nordex Development” distribution channel. The manufacturer will be supplying five N100/2500 turbines with a total capacity of 12.5 MW for the “Mont d’Erny” wind farm.

This project is located in the north of France, in the former Nord-Pas-de-Calais region and has been developed in collaboration with the French company Maia Eolis. The turbines were sold to the customer Rive Private Investment (123Venture and Elyseum Investment), a French fund company that invests in renewable energy projects, among other areas. Nordex will be starting on the infrastructure work this summer and installation of the turbines is scheduled for the beginning of 2017. The machines will be serviced by Nordex on the basis of a Premium service agreement, initially over a period of 15 years.

The Nordex Group has been offering projects developed in-house and partnerships in project development through its “Nordex Development” distribution channel since 2002. Over this period it has realised almost 60 projects with a total capacity of more than 800 MW together with various local partners in Europe and America. In doing so the Nordex Group is able to contribute above all specialist technological know-how from more than 30 year experience as a turbine manufacturer. In turn, the “Nordex Development” business sector increases the company’s knowledge of project development – which benefits the customer with orders of all sizes.

The Group has installed more than 18 GW of wind energy in more than 25 markets. In 2015 Nordex and Acciona Windpower generated combined revenues of EUR 3.4 billion. The company currently employs a workforce in excess of 4,800. The manufacturing group owns factories in Germany, Spain, Brazil and the US, and in the near future will also operate one in India. The product range focuses on onshore turbines in the 1.5 to 3 MW class, which are designed for the market requirements in developed and emerging countries.

Rive Private Investment is an independent private equity player founded in 2013 by two investment management firms (123Venture and Elyseum Investment). Rive Private Investment draws upon the combined resources and expertise of its shareholders in order to develop flexible, opportunistic and defensive investment solutions specifically for institutional investors and family offices. Rive Private Investment targets opportunities mainly across Europe and North America, focusing on three defensive sectors, namely infrastructure investments, asset finance and mezzanine debt financing. Through its shareholders, Rive Private Investment benefits from the talent and expertise of over fifty investment professionals located in four European countries. These teams have a solid track record and to date have invested close to EUR 2 Billion in these sectors. Focus on the renewable energy sector, Rive Private Investment’s team has financed more than 140 plants, representing close to 420 MW and over EUR 1.1 Billion in asset value.