Sale of a 105.7MW operating onshore wind portfolio in France

Augusta & Co is pleased to have acted as exclusive financial adviser to Mirova and RIVE Private Investment (“RIVE”) on the sale of six operating onshore wind farms, totalling 105.7MW to BKW Energie AG (“BKW”), the listed Swiss energy and infrastructure company.

The assets, held across two portfolios and located in Northern France, were connected to the grid between 2018 and 2021. They were constructed under the ownership of Mirova and RIVE and benefit from long-term contracted revenues underpinned by an inflation-linked feed-in tariff. The large size of the transaction, offering instant visible entry into the French onshore wind market, attracted a wide range of interest from the market.

Céline Lauverjat, Deputy Head of Energy Transition Infrastructure Funds at Mirova says “We would like to thank Augusta for their commitment and professionalism throughout this significant transaction. Their prime sector expertise and highly valuable advice contributed to an excellent result for our shareholders.”

Pierre du Passage, Partner at RIVE Private Investment added “Augusta did an outstanding job accessing their global investor base while running an efficient process and we are delighted with the outcome. We thank them for their support and contribution to this transaction.”

Romane Guitard, Managing Director at Augusta & Co, commented: “We are delighted to have advised Mirova and RIVE on this landmark transaction, the result of a highly competitive process which underlines our capabilities to access a wide range of international investors and ultimately deliver the best results to our clients.

France remains a core market for Augusta & Co. With this transaction, we continue to strengthen our position as the leading independent financial adviser in the French renewable energy industry. Our pan-European business and cross-border capabilities is a key differentiating factor and we look forward to providing our M&A expertise to more opportunities in this exciting market.”