CONQUEST Asset Management has completed, on behalf of the Sustainable Infrastructure fund it manages, the acquisition of a 12-megawatt greenfield on-shore wind park in France.
The transaction was closed after an exclusive agreement with the industrial group Acciona-Nordex, a global wind turbine manufacturer and project developer, had been reached prior to the construction of the assets. The on-shore wind park represents a total of 12 megawatts of additional renewable power capacity located in France, and benefits from a 15-year contract for difference scheme, providing secured and inflation-linked revenues from the local incumbent utility EDF.
The Sustainable Infrastructure fund’s investment strategy has a diversified array of assets including renewables, energy storage, transmission & distribution, and energy efficiency.