Impax-backed Epuron buys wind project from Gamesa

Impax injected fresh capital to fund the acquisition through the Impax New Energy Investors II vehicle, which held a final close on €330m in 2011.

Impax wholly acquired Epuron in 2010 through Impax New Energy Investors II. The fund has a renewable energy portfolio comprising more than 200MW in wind projects under construction or in operation in France, Germany and Poland, and photovoltaic investments in Italy.

Company
La Souterraine will be built by Gamesa and will have four 2MW turbines giving the project a total installed capacity of 8MW.

The wind project will be based in the Limousin region of France.

People
Joe Berry is investment director of Impax's private equity infrastructure team.

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• Topics
• France
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• Expansion
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• France