The Renewables Infrastructure Group (TRIG) has acquired a 100% interest in Haut Vannier, with the rights to construct a 43MW wind farm located in Haute-Marne, approximately 65km northeast of the city of Dijon in France.
The project has been developed by Envision and Velocita, who will continue to carry out the construction, and will consist of 17 Envision 2.5MW E-131 turbines.
Construction is underway and the wind farm is expected to start operations in Q1 2022.
RES will provide asset owner engineer services during the construction period.
The project will benefit from an attractive 20-year subsidy in the form of an inflation linked Contract-for-Difference with the utility company EDF, which fixes the price to be received for the power.
As a result, the project has no power price risk for the duration of the subsidy term.
Once constructed, the wind farm would represent approximately 1% of TRIG’s portfolio value on a committed investment basis.