Augusta & Co is pleased to announce the sale by Riverstone Holdings and Forsa Energy of their UK onshore wind development business to BayWa r.e. UK. The Forsa wind business is based in London, England and Greenock, Scotland and the transactions includes the team and 350MW+ onshore wind pipeline.
The transaction closed in May 2019.
Augusta & Co acted as exclusive financial adviser to Riverstone Holdings and Forsa Energy on the sale. This transaction marks the final chapter of the sale of its European wind business, following the earlier sale of Maerdy (24MW) to Greencoat UK Wind in 2014, the sale of two onshore wind projects, Ardoch Over Enoch (12MW) and Airies (35MW), to NTR Wind 1 Fund in 2016, as well as the sale of the French portion of the onshore wind development business together with the onshore wind pipeline (c. 500MW) in France to Envision Energy in 2016 and more recently the sale of the Rougemont and Vaite projects (120MW), the largest onshore windfarm in France, to Innergex and Desjardins Group Pension Plan in 2017.
Augusta has advised Riverstone Holdings and Forsa Energy on each of these transactions.