Impax Fund-Held Epuron Buys German Park From Green Wind Energy
Epuron Holding GmbH, a wind-power developer held by an Impax Asset Management Ltd. fund, bought a German wind park from a unit of Green Wind Energy A/S, which is in “reconstruction proceedings” in Denmark.
Epuron bought the 28-megawatt Cottbuser Halde park in eastern Germany that has 14 turbines made by Vestas Wind Systems A/S and has operated since early 2009, London-based Impax said in a statement today without giving the terms of the deal. The farm has a long-term loan from Deutsche Kreditbank AG, it said.
Green Wind “is currently in reconstruction proceedings under Danish bankruptcy law,” Impax said. When contacted by phone, officials at Green Wind’s Copenhagen office referred questions to Danish law firm Gorrissen Federspiel, which didn’t immediately provide a comment.
The purchase was funded by Impax New Energy Investors II LP, the owner of Epuron since early 2011, according to the statement. Green Wind’s listing on Nasdaq OMX Copenhagen was deleted April 11, the exchange said in a statement at the time.
Impax Asset Management Ltd. is a wholly owned unit of Impax Asset Management Group Plc. (IPX)
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