Platina: Sale of 69MW UK wind farm portfolio

Renewables infrastructure specialist Platina Partners LLP (“Platina”) has announced the sale of the remaining assets in its 2005, Mistral Windfarm 1 fund (MWF). The news confirms that Platina has now successfully completed the full investment fund cycle, securing a gross IRR of more than 40% for investors. Augusta & Co Plc was retained as exclusive financial adviser to Platina on this assignment.

Focused on construction-ready wind assets, MWF delivered a total of 105MW of operational wind sites in the UK and France. Following the sale of 36MW of French assets in 2008, the remaining five sites – Burton Wold (20MW), Garves (15MW), Pates Hill (14MW), Milton Keynes (14MW) and Winscales Moor (6MW) – have now been acquired by an unnamed investor.

Commenting on the announcement, Thomas Rottner, Managing Partner of Platina Partners said:

“This exit concludes Platina’s 2005 fund, which we believe is the first time that any European GP has successfully completed a full cycle on a renewable energy fund, having delivered an outstanding return for our investors. We now look forward to concentrating on securing a strong performance from our remaining funds.”

The transaction closed in June 2013.