RPG sells stake in Croatian wind projects to Mirova

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RPG sells stake in Croatian wind projects to Mirova

Mirova-Eurofideme 3, a fund managed by Mirova, Natixis Asset Management’s responsible investment affiliate, has acquired a 49% stake in RP Global’s Croatian wind portfolio.

The two projects it comprises have been commissioned in July 2014 and January 2016, and have a total installed capacity of 77.9 MW.

RP Global remains the majority shareholder and responsible for the operation of both wind parks.

This deal is RP Global’s third partnership transaction with Mirova. It follows a €15 million (US$17 million) bond issuance to fund French wind projects in April 2015, since repaid, and a subordinated debt investment to build a pan-European portfolio of wind and hydro projects, signed in December 2015.

RP Global CFO Jorge Rodriguez stated:

“This closing enables further growth within RP Global and strengthens our relationship with Mirova, with whom we share the common goal of a coal-free green Europe.”

Mirova Head of Renewable Energy Funds, Raphael Lance added:

"We are pleased to broaden our geographical footprint in Europe alongside RP Global, a very relevant partner due to their strong local presence in Croatia and the high quality of their technical and management team. This third transaction is a true sign of the successful cooperation between our two entities.” 

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