Envision Announces its Second Wind Farm in France and Successful Sale to TRIG

  • Envision Energy and TRIG (The Renewables Infrastructure Group Limited) have finalized the sale of the "Vannier-Amance" wind project located in Haute-Marne (52). This is Envision's 2nd transaction with TRIG.

Developed and built by Velocita Energies, the French subsidiary of Envision Group, the "Vannier-Amance" wind farm will produce 111 GWh per year and supply 52,000 people with renewable energy. The wind farm will be powered by 17 Envision EN131-2.5MW wind turbines, which are ideally suited to the region's wind conditions. Currently under construction, this 43 MW project is expected to be commissioned in the spring of 2022.

This second Envision wind farm will follow in footsteps of the "Entre Tille et Venelle" wind farm, a 40 MW project in the Burgundy-Franche-Comte region, which also utilizes Envision's EN131-2.5MW wind turbines and was also acquired by TRIG.

The sale of "Vannier-Amance" was carried out through a call for tenders operated by Envinergy, a consultancy firm specializing in the intermediation of renewable energy projects. The project was financed by both French and European banks via non-recourse financing.

"We are very pleased that TRIG has placed full trust in us by investing a second time in a fleet equipped with Envision wind turbines. This marks a new step in the partnership between our two organizations," says Dorothée Privat, CFO of Envision Europe.

Eric Caradec, CEO of Velocita Energies, says, "This second Envision wind farm demonstrates a deep and continued commitment towards supporting the energy transition in France, and the investment by TRIG attests to the quality of our projects and our services. Envision's smart turbine technology has proven its ability to efficiently address low wind speed areas, unlocking new territories for wind energy generation. After this sale, we will continue to provide our know-how to ensure excellence through construction, operation and maintenance of the fleet for years to come with the support of Envision Digital's world-leading AIoT monitoring and optimization solutions."

"Vannier-Amance" will be TRIG's fourteenth wind farm investment in France, strengthening the group's presence in the country. "We are pleased to have built on our partnership with the Envision Group in France, which we consider a key market for TRIG," says Richard Crawford, Director, Infrastructure at InfraRed Capital Partners, investment manager to TRIG.

Source: TRIG
Date: Oct 23, 2020