France

France

Enerfrance buys two projects from VSB Energies

Enerfrance, the French subsidiary of Italy's Erg Renew, has agreed to buy two wind power projects from VSB Energies Nouvelles, owned by German renewable energy group WSB. The smaller of the two, at 9.2 MW, is fully consented for a site at Plogastel in the département of Finistère in Brittany, slated for completion in 2010, for which Enerfrance has agreed to pay EUR 632,000. The second is a 20 MW project at Greneville, in the Beauce region to the south of Paris, which received its site permit in September. In this case, Enerfrance will pay a refundable reservation fee of EUR 2.4 million, with the remaining EUR 2.9 million to be paid once all permitting conditions are met. All being well, Greneville will come online by 2012. The deal marks another step in Erg Renew's expansion into the French market in search of further geographical diversification. The company bought 55.2 MW of operating capacity in France in 2007 and more recently bought a 50% stake in local developer Cita Wind, as well as five project companies (Windpower Monthly, November 2008).

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