03.05.2018
Nordex SE DE000A0D6554
DGAP-News: RIVE Private Investment and Mirova acquire a 60 MW wind project in France from Nordex
DGAP-News: Nordex SE / Key word(s): Incoming Orders
RIVE Private Investment and Mirova acquire a 60 MW wind project in France
from Nordex
03.05.2018 / 09:51
The issuer is solely responsible for the content of this announcement.
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RIVE Private Investment and Mirova acquire a 60 MW wind project in France
from Nordex
Hamburg/Paris, 3 May 2018. RIVE Private Investment and Mirova, through its
fund Mirova-Eurofideme 3, have acquired "Le Douiche" wind farm, a
ready-to-build onshore wind project in France from the Nordex Group. The
manufacturer will be supplying 20 N117/3000 turbines with a total capacity
of 60 MW for the wind farm, split into two project companies. Installation
of the turbines is scheduled for this summer with commissioning scheduled
for around the end of 2018. The turbines will be serviced by the Nordex
Group under a premium service agreement over a period of 20 years. This
order was partially booked order intake in Q1/2018 by Nordex.
The project was acquired by RIVE Private Investment, a European private
equity company dedicated to renewable energy and defensive private equity
investments for family offices and institutional investors, and Mirova, an
affiliate of Natixis Investment Managers specialising in responsible
investment that manages three funds dedicated to renewable energies with
equity of EUR 500 million invested across Europe.
For this operation, Jocelyn Dioux and Jean-Philippe Olivier from RIVE
Private Investment leveraged their existing relationship with Nordex and a
club deal was organized with Mirova for the acquisition and the negotiation
of the debt financing with HSH Nordbank AG.
Jocelyn Dioux, Investment Director at RIVE Private Investment, explains:
"This is another important step in our renewable energy strategy as Le
Douiche represents our biggest wind park and allows us to reach the symbolic
mark of EUR two billion of investments in this asset class. With offices in
several European countries, RIVE will keep on growing in renewable energy
through its equity and mezzanine funds and in its other private equity
investments. We are very happy with this transaction and the partnerships
with Nordex, Mirova and HSH, with whom we have been working for many years
now".
Raphael Lance, Head of Energy Transition Funds at Mirova, adds: "We are glad
to partner with RIVE and Nordex, and to become majority shareholder of this
sizable project in France, where we have been investing in the renewable
sector since 2002. This is our third acquisition since the beginning of the
year and we will keep investing across Europe in clean energy and storage
assets".
Patxi Landa, Chief Sales Officer of Nordex SE says: "We particularly like
these sorts of orders as their complexity challenges many of our skills from
project development to equipment engineering as well as long-term turbine
service. The market in France holds an exceptional status in this respect".
About Nordex
The Group has installed wind power capacity of more than 23 GW in over 25
markets, generating sales of almost EUR3.1 billion in 2017. It currently has
roughly 5,000 employees. The production network comprises plants in Germany,
Spain, Brazil, the United States and India. The product range primarily
concentrates on onshore turbines in the 1.5 - 4.8 MW class addressing the
requirements of land constrained as well as grid constrained markets.
About Mirova & Mirova-Eurofideme 3
Mirova is an affiliate of Natixis Investment Managers dedicated to
responsible investment with over EUR nine billion of assets under
management. Through a conviction-driven investment approach, Mirova's goal
is to combine value creation over the long term with sustainable
development. Mirova's talents have been pioneers in many areas of
sustainable finance. Mirova-Eurofideme 3 is a French professional capital
investment fund investing in European renewable energy projects using proven
technologies in their construction and operating phases. The fund held its
final closing at EUR 353 million in June 2016 and is no longer open for
subscription. Mirova has over 15 years of experience in managing renewable
energy funds, and has since completed over 70 investments in Europe via the
Fideme, Eurofideme 2 and Mirova-Eurofideme 3 funds.
Contact: [email protected]
http://www.mirova.com/
About RIVE Private Investment
RIVE Private Investment is an independent private equity company founded in
2013 by two investment management firms (123IM and Elyseum Investment). RIVE
Private Investment develops flexible, opportunistic and defensive investment
solutions specifically for institutional investors and family offices. RIVE
Private Investment targets opportunities mainly across Europe and North
America, focusing on three defensive sectors, namely infrastructure
investments, asset finance and private debt. RIVE Private Investment
benefits from the talent and expertise of internal investment professionals
based in four European countries. In the renewable energy sector, RIVE
Private Investment's team has financed more than 150 plants, representing
close to 1 GW and an asset value of over EUR two billion.
Contact: [email protected]
www.rive-investment.com/fr/
For more information, please contact:
Nordex SE
Ralf Peters
Telephone: + 49 40 300 30 - 1000
[email protected]
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03.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: [email protected]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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