Transaction: Divestments
Date: February 2017
Deal value: Not disclosed
Process: Structured auction
Industry: Energy and utilities

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FIH Partners advises Norsk Vind Energi, a leading Norwegian developer, on the divestment of Egersund Wind Farm, to Luxcara, one of the leading asset managers for renewable energy investments in Europe.

Egersund Wind Farm will consist of 33 Senvion turbines each generating 3.4MW for a combined effect of 111.2MW. When completed, Egersund Wind Farm will be able to supply CO2-free power equivalent to the annual electricity consumption of more than 20,000 Norwegian households.

The project has a total construction budget of EUR 135m and will be constructed in the Southern part of Norway by Norsk Vind Energi with construction commencing in spring 2016. The project is expected to be fully commissioned by the end of 2017.

FIH Partners acted as exclusive financial advisor to Norsk Vind Energi on the transaction.