Mirova, an affiliate of Natixis Investment Managers focused on sustainable investments, and RIVE Private Investment, an independent investment group specialized in real assets, have sold to BKW six operating onshore wind farms in northern France for a total installed capacity of 105.7 megawatts (MW). The wind farms were constructed under the ownership of Mirova and RIVE Private Investment. With this acquisition, BKW has increased its 700MW of renewable energy facilities portfolio by 15% and expands its presence in one of its core markets.

The wind farms were constructed under the ownership of Mirova and RIVE Private Investment and entered in operation between September 2018 and August 2021. Overall, they provide about 250 GWh of green electricity to the grid each year. The assets, split across two portfolios, were sold by French companies Mirova and RIVE Private Investment, a specialist investor in real assets.

BKW is aiming to increase its portfolio of new renewable energies to more than one gigawatt (GW) by 2026, thus making a further contribution to a sustainable energy future. It announced this goal at the Capital Markets Day at the end of October 2021. It is focusing on wind power and solar installations in its core markets of Germany, France, Italy, Spain, Portugal, Norway and Sweden.

Céline Lauverjat, Deputy Head of Mirova’s Energy Transition Infrastructure Funds, says: “We are proud to have built and operated more than 100MW renewable capacities that will now continue for years, under the care of BKW, to produce green electricity and participate to the achievement of the French Energy Transition targets”.

Pierre du Passage, Partner at RIVE Private Investment: “We are delighted to have supported the construction of first grade renewable assets in the Somme region. In partnership with Mirova, our involvement has contributed to support achievement of climate change targets and boosted the local economies, consistent with RIVE Private Investment’s sustainability convictions. This project successfully demonstrates our strategy of actively managing high quality sustainable infrastructure assets and delivering superior returns to our investors”.

Margarita Aleksieva, the Head of BKW’s the Wind & Solar Business Division, says: “With the purchase of six wind farms in the Somme region of northern France, BKW has taken a major step toward achieving its aims through targeted impact investments in the attractive area of wind power. The acquisition will enable synergies with current BKW activities in the area of wind energy in France. Following the acquisition, it will own a portfolio of 11 wind farms with around 170MW of installed capacity in France.”

For Further Reading:
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
Registered Office: 59, Avenue Pierre Mendes France – 75013 – Paris.

Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company – French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.

This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.

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