Visit for the latest on our upcoming conferences and webcasts

China Development Bank to build fund with UK private equity co

WORLDWIDE: British private equity company Terra Firma is planning to set up a renewable energy fund with the China Development Bank (CDB), according to reports.

The fund, which is set to be in the $3-5 billion range, will be marketed in China by the CDB and in Europe and the US by Terra Firma.

Terra Firm already has experience of the renewables sector from its September 2009 acquisition of Everpower for a reported $350 million.

Private equity firms have been increasingly involved in the wind power sector over recent months. In August, US firm Platinum Equity acquired Clipper Windpower for an undisclosed fee.

In January, North Sea offshore wind farm project Gode Wind II, planned for a site 38km north of the German island of Norderney has been sold to Danish investor Brancor Capital Partners.

Late last year, British private equity firm Clyde Blowers acquired wind turbine gearbox manufacturer Moventas for €100 million.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs