Impax Sells Wind Farm in France to Swiss Utility BKW

(Bloomberg) — Impax Asset Management Group Plc, a London-based investor, sold a wind farm in France to Swiss utility BKW
AG.

Impax bought the 13.8-megawatt Fresnoy facility in Picardie
in 2012 and it started output in December, the investor said
Monday in an e-mailed statement. It declined to disclose the
value of the transaction. The project marks BKW’s entry into the
French wind market. It owns 375 megawatts of operating wind
assets in other jurisdictions outside Switzerland.

“This sale demonstrates the continued success of our fast-rotation strategy to buy, build and sell wind farms in France
with the support of our local development team there,” Peter Rossbach, managing director at Impax, said in the statement.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Ana Monteiro, Dan Weeks

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