Swiss energy firm Alpiq is promoting a 72.5-MW wind farm and two subsidiaries in Bulgaria for an undisclosed value in an effort to sharpen its concentrate on core markets.
Alpiq mentioned on Monday that it has reached an settlement with Vienna, Austria-based unbiased energy producer Renalfa IPP for the sale of the Vetrocom wind farm in Bulgaria. Vienna-based agency Renalfa Solarpro Group, which based Renalfa IPP as a three way partnership with French investor RGreen Make investments, will alone purchase Alpiq Wind Companies and Alpig Energia Bulgaria.
Alpiq Wind Companies was arrange in 2017 to function and keep the Vetrocom wind farm. Alpiq Energia Bulgaria is Alpiq’s power buying and selling enterprise in control of commercialising Vetrocom’s electrical energy and dealing with the acquisition and sale of balancing power in reference to Vetrocom and for third-party belongings, the Swiss firm mentioned.
The Vetrocom wind farm is Alpiq’s wholly-owned asset. It consists of 29 wind generators commissioned in three levels between 2010 and 2012.
The wind farm is situated within the city of Kazanlak, some 200 kilometres (124.3 miles) east of Bulgaria’s capital Sofia. East Europe-focused Renalfa IPP secured the settlement for its acquisition in a aggressive public sale, in response to Monday’s announcement.
“Alpiq proudly looks back on more than a decade of successful ownership and operation of one of Bulgaria’s largest wind farms. I am delighted to pass on Vetrocom and the strong local team to Renalfa that will continue and build on this success,” commented Lukas Gresnigt, Head of Alpiq’s Worldwide enterprise division.
The sale is topic to the standard closing circumstances and requires regulatory approval. The events anticipate to shut the deal a while in 2023.