HSH Nordbank finances two wind farms in northern France
Hamburg/Kiel, May 14, 2014 - HSH Nordbank is providing finance for two wind farms with a nominal total output of 26 megawatts (MW) in the Picardy region (Saint Riquier 3 with 14 MW and Saint Riquier 4 with 12 MW) for the Impax Asset Management Group. The long-term project finance amounts to a good EUR 31 million, with refinancing done via the KfW 270 Renew-able Energies programme.
"Through this transaction we are strengthening our market position in the wind segment in France. It also enables us to intensify our collaboration with this client. We are already very well-positioned in the solar segment in France," said Lars Quandel, Head of Renewables at HSH Nordbank. The Impax Management Group manages various private equity funds, including two funds which focus on projects in the renewable energies segment.
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