Augusta & Co plc (Augusta) acted as exclusive financial adviser to Dutch Infrastructure Fund (DIF) on the sale of a portfolio of their onshore operating wind projects in Germany to Allianz Global Investors (AGI).
The portfolio consists of nine wind farms that have a total capacity of 56.7 MW and are located in Germany, in the federal states of Saxony-Anhalt, Saxony, Hesse, Brandenburg and Mecklenburg-West Pomerania. AGI will make the acquisition on behalf of the Allianz Renewable Energy Fund, S.A. SICAV-SIF (AREF).
James Knight who led the deal for Augusta commented:
“We are very pleased that we were able to generate significant investor interest in this transaction thus securing an attractive sale for our client. We thank both parties for their pragmatic and goal-oriented deal attitude which helped bring this transaction to a successful close.“
This transaction is scheduled to close in November 2014.