Bois de Bajouve & Mont de l’Ain

Published November 2017

Everoze was delighted to advise private asset management company ACOFI Gestion and lender NORD/LB on the technical side of the acquisition and project financing of two wind farms in France totalling a capacity of 30MW from RES, one of the world-leaders of renewable energy projects development. The two wind farms, Bois de Bajouve (consisting of 6 Vestas-2MW turbines) and Mont de l’Ain (with 9 Senvion-2MW turbines) were connected to the French grid in early October this year. Each year they will produce 67.5 GWh of green energy which is equivalent to the energy use of more than 14,000 households and thus preventing emission of 42,300 tonnes of CO₂.

Everoze’s scope of work included technical review of energy yield assessment, consenting, land securement, grid, tariff, technology and design, structural and environmental suitability, construction and operation contracts, construction program and financial model inputs. Everoze employed its industry leading Due Diligence on Demand process, ensuring a robust risk assessment, smooth communication and continuous identification of open or risk items. Through the process, efficient mitigation measures were discussed and agreed between the parties, allowing the technical risk profile of the projects to reach an acceptable level within the challenging project programme.

ACOFI Investment Director Renewable Energy, Gregoire Destenay, commented: “We were delighted to have Everoze as technical advisor on this acquisition. We benefited from their strong technical knowledge that allowed us to estimate and limit the risks. We thank the Everoze team for their responsiveness, good advices and their ability to cooperate with all parties; sponsor, seller, senior lenders and other advisors, which led to a successful acquisition.”

Everoze’s work has been led by French partner Arnaud Thomé supported by a broader project team including Brieuc Pey and Alexander Klein.