Completed Divestment of a European 93MW Renewables Portfolio
B Capital Partners AG announces that the last post-closing conditions for the sale of three portfolios of renewable energy power plants have been completed. A Swiss Pension Fund sold the portfolios separately to three buyers during 2019.
A 52MW wind portfolio located in Northern France was sold to ERG; a PV portfolio of 15MW at various Italian sites was divested to an English infrastructure fund and a 26MW British PV portfolio is now owned by a UK-based PV fund.
B Capital Partners has been mandated to undertake and negotiate the sales process up until closing. The Pension Fund is very satisfied with the result of the divestment process.