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Green Giraffe was mandated by Windvision to assist in the sale of the largest onshore wind farm in Belgium
The 81 MW Estinnes wind farm, the largest onshore wind farm in Belgium, was developed, built and operated by Windvision. It comprises 11 Enercon E126 turbines, the largest onshore wind turbine in the world.
Green Giraffe was mandated to lead a sale process (named Esperance after the local monastery) which attracted a lot of interest from a wide range of investors, looking to enter the Belgian market via a large scale project with a good track record.
The sale was signed with CGNEE of China on 29 September 2016 and closed on 15 December 2016. CGNEE acquired the project as part of their strategy to expand their operational assets in renewable energy and diversify their geographic portfolio.
“Thanks to Green Giraffe we were able to sell the Estinnes wind farm – an 81 MW project already operational for 5 years – at a very satisfactory price. Their knowledge of the equity market and relationships with a wide variety of investors proved to be essential in organizing this process and getting good offers. Their discipline and thoroughness in every phase of the process right up to signing and closing proved to be tremendously valuable. We would happily appoint them again as our financial advisor in a sale process. Leon Vankan CFO Windvision.”