Augusta secures buyer for a multi-technology and multi-jurisdiction operating portfolio

Augusta & Co is pleased to have advised Encavis Asset Management, a subsidiary of Encavis AG, in the sale of a portfolio of 93MW across 11 onshore wind and solar PV projects to an undisclosed buyer.

The portfolio comprises 9 onshore wind farms with a total capacity of 76MW and 2 solar parks with a combined capacity of 17MW. Five wind parks are situated in France, two in Germany, and one each in Sweden and the United Kingdom. The solar projects include one rooftop project in France and one ground mounted project in Italy.

Augusta & Co acted as exclusive financial advisor to Encavis Asset Management in the sale in all aspects of the transaction including running a competitive sales process, managing the due diligence process and co-ordinating the negotiation and execution of the transaction documentation.

“It is rare to complete the sale of such diverse portfolio of European operating onshore wind and PV assets with one buyer” said Harry Gibson, Managing Director at Augusta & Co. “We congratulate both parties involved and are pleased to have been able to apply our long experience in France, Germany, Sweden, Italy and the UK to assist in getting this transaction completed. The portfolio has strong repowering potential and this sale underlines the continued attractiveness of operating European wind and solar PV projects.”

Friedrich Schenk, Team Lead Investment Transactions at Encavis Asset Management said: “We are pleased to have been able to leverage Augusta & Co’s experience and extensive pan-European network to not only identify a suitable buyer but also navigate the intricacies of a diverse operating portfolio from market sounding to financial close. This transaction would not have happened without their grit, professionalism, and relentless endurance.”

Harry Gibson