European wind energy developer Epuron has closed €20m financing through French investment bank Natixis to complete the 12MW Parc Eolien de la Chaude Vallee currently under construction in Picardie, northern France.
Epuron is owned by private equity infrastructure investor Impax Asset Management, which purchased it from German solar system manufacturer Conergy in December 2010 through its €330m Impax New Energy Investors II fund. German turbine manufacturer REpower won a turnkey contract to build and supply modules for the facility in August.
David Trafford-Roberts, investment director for Impax, said, 'We're delighted that the Epuron team has successfully developed and financed the Chaude Vallee project in challenging markets. We expect that the team will begin construction on a further 100MW over the next six months in France and Germany and are in the process of short-listing banks to provide project finance for this programme.'
Earlier this month, Impax acquired a portfolio of 100MW operating, ready-to-build and development stage wind farms in Poland and France from Eolia Renovables.