Sale by Voltalia of a French onshore wind portfolio

Augusta & Co is pleased to have advised Voltalia S.A. on the sale of a 35.2MW French onshore wind portfolio to Crédit Mutuel’s Siloé Infrastructures Fund.

Voltalia S.A. is one of France’s largest IPPs with more than 1.2GW of assets in operation and under construction, c.1.8GW of assets under management for third parties, and 7.8GW of assets under development.

Credit Mutuel is a key player in the French private equity investment industry. The portfolio will be acquired through Crédit Mutuel’s newly-established Siloé Infrastructures Fund, looking to invest primarily in the renewable energy sector.

Yoni Ammar, Head of Asset Sales Investment & Funding de Voltalia commented  “I would like to thank the Augusta team for the quality of the services they provided to Voltalia throughout this project. Collaboration and team spirit enabled the success of this operation, which illustrates Voltalia’s strategy of developing renewable projects and then selling some of them regardless of their stage of development (ready-to-build, under construction, or operational projects).”

The portfolio sold consists of one operational wind park and two wind farms under construction, all benefitting from either French government tariffs or a 25-year corporate PPA negotiated by Voltalia S.A with a first-class French offtaker. Voltalia will oversee the construction of the two assets on behalf of Siloé

Infrastructures and will provide maintenance and technical and commercial management for all the assets once in operation, confirming the synergies with Greensolver, acquired less than a year earlier.

Augusta has a long track record of developer and portfolio sales in the French renewables market, having carried out several successful transactions such as the sale of Epuron to ERG in 2018, Eurocape to Impax in 2019, and Atalante Energies to Wpd Invest in 2020.