Norton Rose Fulbright has advised ACOFI Gestion, private asset management company, on the acquisition of two wind farms in France totaling a capacity of 30MW from RES, one of the world’s leaders in renewable energy projects development. The assets consist of 15 wind turbines located in region Auvergne-Rhône-Alpes in France.

ACOFI has acquired the entirety of these two wind farms through its France Energy Transition fund dedicated to investments in renewables.

Concurrently to this transaction, Norton Rose Fulbright’s banking and finance team also advised Norddeutsche Landesbank Girozentrale (NORD/LB) on the granting of a long-term loan to ACOFI.

Arnaud Bélisaire, energy partner, comments: “Against the backdrop of a complex and constantly evolving regulatory environment, this has been a challenging transaction that we are pleased bring to successful completion for ACOFI.”

The Norton Rose Fulbright team advising ACOFI on the corporate aspects was led by Arnaud Belisaire assisted by of counsel Eran Chvika and associate Pierre Thévenin-Montefiore.