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Impax Asset Management buys French wind power project

27 Nov 2012

Green private equity firm Impax Asset Management has acquired an 8MW French project from Spanish wind power company Gamesa.

The La Souterraine development is located in the Limousin region of central France and will consist of four turbines when complete.

Impax’s New Energy Investors Fund II (NEF II), which has €330m committed to the renewable energy sector, purchased the project via its portfolio company Epuron France.

Joe Berry, investment director in Impax’s private equity infrastructure team, said, “We are delighted to sign our first Gamesa windfarm acquisition and hope to expand our co-operation in the future.

“La Souterraine is an excellent fit within Epuron’s fast-growing French portfolio, and another milestone for the company’s ‘buy and build’ strategy.”

NEF II has a growing portfolio of wind power projects including over 200MW in construction and operation in France, Germany and Poland, as well as solar photovoltaic investments in Italy.

Founded in 1998, Impax Asset Management now has £1.8bn of assets under management.

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