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.
