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Green Giraffe advised RES on the sale of their 22.5% stake in the Saint-Brieuc offshore wind project in France
Green Giraffe was mandated by RES for the divestment of their minority stake in the Saint-Brieuc offshore wind project in France. Saint-Brieuc is a 496 MW offshore wind project in development, located in Brittany in France. The project is permitted and has been awarded a feed-in-tariff in 2012, through the French offshore wind round 1. The transaction was closed early march 2020.
With this transaction, Iberdrola has now acquired the remaining 30% stake in the project, previously owned by RES and Banques des Territoires, giving it full ownership. Green Giraffe acted as exclusive financial advisor to RES.