RP Global sells 50MW French projects

FRANCE: Austrian developer RP Global has sold three French wind developments to German investment company Talanx, and will continue as developer and operator.

RP Global continue to operate Fond Gerome & Mont d'Hezeques projects
RP Global continue to operate Fond Gerome & Mont d'Hezeques projects

The wind and hydro developer will continue to construct the projects, and will have overall responsibility for operations and maintenance once they are complete.

RP Global is also about to sell the Kukinia II project in Poland, in a similar transaction, where it continues to implement the construction. "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," said CFO Jorge Rodriguez.

Kukinia II is an extension of the 54MW Kukinia I project, both of which use Enercon turbines.

The French projects, under the group name Enclave, are in the Nord-Pas-de-Calais region of France. Installation of the Vestas V112 turbines has begun, and the projects are expected online mid-2016.

In a similar deal in 2009, the company sold three other French projects to Prime Renewables, a German investment company involved in renewable energy, while continuing to operate the projects. "By selling some of our projects, we are able to develop more," an RP Global spokesperson told Windpower Monthly. "We have a lot of projects in the pipeline that we are waiting to develop, including in Georgia and South America. We want to further this pipeline, and by selling some of our projects we are able to develop more."

The Talanx Group is an internationally operating German insurance conglomerate.

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