RP Global sells 49.5 MW French wind projects to insurance group Talanx

Developer and investor RP Global has sold three adjacent wind parks in France to German insurance group Talanx.

The projects will be implemented and operated by RP Global for their new owner. The three wind parks will have a total capacity of 49.5 MW and are located in the Nord-Pas-de-Calais region, which has ideal wind conditions. Construction on the three wind farms has just begun and completion is expected in mid 2016.

Respectively situated in the French communes of Doignies, Moeuvres and Boursies, each of the wind farms consists of five 3.3 MW Vestas V112 wind turbines.

RP Global was advised by Green Giraffe (finance), Wind Prospect (technical) and CGR Legal (legal) for the transaction.

RP Global’s CFO Jorge Rodriguez stated:

“With this transaction, Talanx have put their trust in our capabilities, which proves the most reputable investors’ confidence in RP Global. We are now going down a new path, developing projects for companies looking to invest in renewable energy and bringing them to fruition for them. Concurrently we will continue to own a solid portfolio ourselves, and keep up Greenfield development while moving also into Brownfield development and investment.”

This cooperation leaves RP Global free to increase and move forward its extensive pipeline of currently more than 1000 MW of hydro and wind power projects in seven countries.