Riverstone: Sale of three under-construction onshore wind farms in France

Augusta & Co is pleased to announce the sale of three under-construction onshore wind farms in France with a total installed capacity of 119.5MW to Innergex Renewable Energy Inc. (“Innergex”) and Desjardins Group Pension Plan (“Desjardins”). Innergex and Desjardins have reached transaction close on an agreement with Velocita Energy Developments (France) Limited (“Velocita”) (an affiliate of Riverstone Holdings LLC (“Riverstone”)) to acquire the portfolio. Continue reading

Clean Energy Finance Europe 2017

8 – 9 March 2017

ACI’s Clean Energy Finance Europe 2017 conference brought together the leading executives and experts from across the financing infrastructure sector, to determine the extent of renewable energy realities, exploring the disruptive energy landscape and policy undercurrents shaping the industry.

Mortimer Menzel, a partner at Augusta, participated in the panel “Creating an Appropriate Regulatory Environment for the Changing Structure of the Market” on March 8th, 2017.

DIF: Sale of onshore wind portfolio in Germany

Augusta & Co is pleased to announce the sale of a 48.4MW operating onshore German wind portfolio to ERG Power Generation S.p.A, a subsidiary of ERG S.p.A, on behalf of the sellers’ DIF Erneuerbare Energien GmbH 1 and DIF RE Erneuerbare Energien 3 GmbH. The portfolio consists of six projects with an average age of 10 years.

Closing is expected to occur in the second quarter of 2017.

Augusta & Co acted as exclusive financial adviser to the DIF Erneuerbare Energien GmbH 1 and DIF RE Erneuerbare Energien 3 GmbH in the transaction.

Riverstone: Sale of two UK onshore wind farms

Augusta & Co is pleased to announce the sale of two onshore wind farms in Scotland by Velocita Energy Developments (“Velocita”) to NTR Wind 1 Fund (“NTR”).

The two projects are the the 11.5MW operating wind farm Ardoch and Over Enoch and the 35MW Airies wind farm which is currently under construction and due to be commissioned by the end of this year. Velocita will manage the construction of the project on NTR’s behalf. Continue reading

Financing, sale and offtake for a 160 MW onshore wind project in Norway

Augusta & Co is pleased to announce the financing and sale of the Tellenes 160MW ready-to-build onshore wind farm south of Stavanger in Norway. BlackRock Real Assets is acquiring a 100% interest in Tellenes from Zephyr AS and Norsk Vind Energi AS. The entire electricity output of the project will be acquired by Google for a period of 12 years. The PPA is Google’s first in Norway and will provide additional renewable energy to the company’s data centres in Europe. Continue reading

Agrivert £96 Million Recapitalisation

Agrivert, the UK market leading owner-operator of Anaerobic Digestion (AD) and composting technology, has completed a £96 million recapitalisation for which Augusta & Co, acting as sole financial advisor, placed:

  • £63 million 17 year, fixed rate infrastructure loan to GCP Infrastructure Investments Limited, a London listed infrastructure debt fund, having approached over 80 bank and non-bank debt investors.
  • Advised on and arranged a concurrent £33 million change-of-control equity investment in a competitive M&A process, having approached over 50 domestic and international equity investors.

Continue reading