German infrastructure debt fund acquires French wind farm debt
Deka Infrastrukturkredit, an infrastructure debt fund, has acquired a senior tranche of a project financing loan of €10 million from DekaBank. The installment is part of the financing of 14 wind turbines of 2.5 MW, which was awarded by the DekaBank along with a state bank for the construction of wind farms "Mont d'Arcis" in the French Department "Aube".
Deka Infrastrukturkredit was launched in 2009. The fund is aimed at institutional investors and buys exclusively senior tranches of loans of infrastructure projects. The fund has currently investments in Germany, the Netherlands, France, Austria, Finland and the United States.
For all portions of debt that Deka Infrastrukturkredit acquires, DekaBank is obliged to hold at least 50 percent of the amount acquired by the fund.
Deka Infrastrukturkredit has assets for a value of around €185 million (as of 31.08.2013).
The wind park is managed by Eolfi Asset Management, a French wind and solar developer. The firm was founded by Veolia and then in 2013 the firm was sold to Asah Lm.
Source: Deka BankCountry news
-
-
September 24, 2013
GCC signs university PPP in France
French company, Génie Civil et Construction (GCC), has been selected for a Public private partnership project called ''Laboratoire Magmas et Volcans'' at Clermont Université, Aubiere. Read more -
September 25, 2013
Scor to raise 500 million infra debt fund advised by gide Loyrette Nouel
The magazine Law in France has reported that Gide Loyrette Nouel has advised the SCOR group in structuring and raising its first infrastructure debt fund. Read more -
September 27, 2013
Vinci to sell car park business
Vinci SA is considering the sale of all or part of its parking business, Vinci Park. According to sources, Vinci would like to get €1.5-2 billion for the company, which had an EBITDA of nearly €200 million on revenues of €700 million last year. Read more -
September 27, 2013
SPIE signs street lighting PPP project in France
On 16 September 2013 - SPIE Sud-Ouest and the municipality of Juvignac have signed a public-private partnership for reconstruction, management and maintenance of public lighting installations, Light Signalling Tricolore, the CCTV and the broadband communications of the city. Read more -
October 02, 2013
Tender launched for street lighting PPP project in Martinique
The city of Le Marin, located in the department of Martinique, has announced a tender process for the financing and construction and/or reconstruction, energy management and maintenance of its public lighting system. Read more
