Communiqué Private Equity Environmental Law IT and Data Protection Competition, Retail and Consumer Law Commercial and International Contracts Public Law and Public Procurement Law Real Estate and Construction M&A | 25/05/18 | 1 min. | Ruben Grouchka Julien Aucomte Vincent Brenot Alexandra Berg-Moussa
August Debouzy assisted CGN Europe Energy, a French subsidiary specialized in renewable energies of the Chinese energy leader China General Nuclear Power Generation, in two successive acquisitions of two wind-turbine portfolios representing a total of five wind-turbine farms located in northern France, formerly directly owned by Green Electricity Master Invest II, a Luxembourg investment fund represented by its management company, TTR Energy.These farms, put into operation between 2013 and 2018, represent total power installed of 91.75 MW.
For CGN Europe Energy, this acquisition is part of its policy to develop renewable energy tools in Europe and France, which it began through its investments in various renewable energy production assets (solar and wind).Following this acquisition, CGN Europe Energy became the sixth largest renewable energy producer in France.
For the corporate and transactional aspects, August Debouzy’s team was composed of Julien Aucomte, partner, Ruben Grouchka and Léa Karagueuzian, associates, for the financing, Olivier Moriceau, counsel, and Leslie Ginape, associate, and for the regulatory aspects, Vincent Brenot, partner, and Simon Dumontel, associate, for the real estate aspects, Julien Wlodarczyk, counsel, and for the commercial law aspects, Alexandra Berg-Moussa, partner, and Constance Geslin, associate.
About CGN Europe Energy
CGN Europe Energy (CGNEE) is one of the subsidiaries of China General Nuclear Power Group (CGN), registered in Paris since June 30, 2014.The company’s business is investment, development, construction, operation, maintenance and management of project assets.It wishes to become a major actor in the renewable energy sector in Europe and French-speaking Africa.Currently with more than one billion euros in investments in five countries (France, United Kingdom, Belgium, Ireland and Senegal), CGN Europe Energy has acquired assets with a total operating capacity exceeding 700 MW, and capacity under construction and in development of more than 120 MW.