Augusta & Co is pleased to have advised Christofferson, Robb & Company in the sale of a portfolio of 35 wind farms comprising 310MW in Germany and 4 wind farms comprising 27MW in France to Statkraft.
The project sites, aged between 15 and 21 years, contain 185 wind turbines with strong repowering potential. Statkraft is expected to more than double the generation capacity of the portfolio.
Augusta & Co acted as exclusive financial advisor to Christofferson, Robb & Company 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.
“This transaction represents a major milestone and we congratulate all parties involved,” said Harry Gibson, Managing Director at Augusta & Co. “Repowering older projects is critically important to expanding renewable energy capacity across Europe and we are proud to have advised Christofferson, Robb & Company on a divestment that will accelerate redevelopment of the portfolio. We are currently seeing strong investor appetite in the German market and are pleased to have been able to leverage Augusta & Co’s market expertise and long experience in Germany to deliver this transaction.”
Laurie Sudwarts, Managing Director at Christofferson, Robb & Company said: “This transaction would not have happened without Augusta & Co’s invaluable support. Their hard work, professionalism and unparalleled knowledge of the wind industry combined with their deep market access were critical in securing this transaction with Statkraft.”
Contact:
Harry Gibson HGibson@augustaco.com