Walkyrie reaches financial close

RP Global implements 49.5 MW French wind project in cooperation with insurance group ‘Talanx’.

Developer and investor RP Global is building three adjacent wind parks and selling them to German insurance group Talanx. The projects will be implemented and operated by RP Global for their new owner. The three wind parks will have a total capacity of 49.5 MW and are located in the Nord-Pas-de-Calais region, which has ideal wind conditions. Construction on the three wind farms has just begun; completion is expected in mid 2016.

“With this transaction, Talanx have put their trust in our capabilities, which proves the most reputable investors’ confidence in RP Global. We are now going down a new path, developing projects for companies looking to invest in renewable energy and bringing them to fruition for them. Concurrently we will continue to own a solid portfolio ourselves, and keep up Greenfield development while moving also into Brownfield development and investment,” states RP Global’s CFO Jorge Rodriguez.

Respectively situated in the French communes of Doignies, Moeuvres and Boursies, each of the wind farms consists of five 3.3 MW Vestas V112 wind turbines. This cooperation leaves RP Global free to increase and move forward its extensive pipeline of currently more than 1000 MW of hydro and wind power projects in seven countries.

RP Global was advised by Green Giraffe (finance), Wind Prospect (technical) and CGR Legal (legal) for the transaction.

About RP Global Group

RP Global is a developer and independent power producer that draws its expertise from over 30 years of experience in the renewable energy sector. As a developer, investor and operator, RP Global’s focus is on hydro and wind energy projects. The company is privately owned, allowing for flexibility, innovative solutions, and projects of the highest quality. RP Global has cooperated with and has had many successful partnerships with investors and lenders, such as the Marguerite Fund, the IFC/World Bank, the EBRD, Mirova, and the Bank of Georgia, among others. In the last few years, RP Global has constructed more than 35 power plants whilst currently retaining 16 more under operation or construction. Spain, Portugal, Croatia, France, Poland, Chile, Peru and Georgia are among the countries RP Global operates in, and RP Global’s international team is currently active in both Europe and South America. The headquarters are in Vienna, Austria.