Impax Asset Management Group Plc, a London-based investor, sold a wind farm in France to Swiss utility BKW AG.
Impax bought the 13.8-megawatt Fresnoy facility in Picardie in 2012 and it started output in December, the investor said Monday in an e-mailed statement. It declined to disclose the value of the transaction. The project marks BKW’s entry into the French wind market. It owns 375 megawatts of operating wind assets in other jurisdictions outside Switzerland.
“This sale demonstrates the continued success of our fast-rotation strategy to buy, build and sell wind farms in France with the support of our local development team there,” Peter Rossbach, managing director at Impax, said in the statement.