Global independent renewable energy company RES has announced the sale of its two French wind farm projects to funds managed by Octopus Renewables, a part of UK’s Octopus Group.
Global independent renewable energy company RES has announced the sale of its two French wind farm projects to funds managed by Octopus Renewables, a part of UK’s Octopus Group.
With a combined capacity of 33MW, the Cerisou and Berceronne wind facilities are located in the Vienne region of France.
The Cerisou wind farm has been sold to Octopus Renewables Investment Trust (ORIT). RES France managing director Jean-François Petit said: “These projects mark the sixth acquisition that Octopus has made from RES.
“We are proud to be able to support Octopus in the diversification of its growing portfolio of renewable assets in Europe and look forward to continuing to develop our wind, solar and energy storage activities alongside such a leader in renewables, committed as we are to a transition towards a zero-carbon future.”
The two wind facilities together will feature Siemens Gamesa’s 11 wind turbines and generate enough clean energy to power 20,500 households in the region while offsetting 41,000tpa of carbon emissions.
RES will build and operate the two wind facilities on behalf of Octopus, as well as intend to begin construction works next year.
The wind farms are expected to come online in the third quarter of 2022