Leading law firm Herbert Smith Freehills has advised Enertrag, leading German developer, on the sale of Project Goudelancourt, a 16.8MW wind farm located in Northern France to Glennmont Partners, one of Europe’s largest clean energy investment specialists. The wind farm was developed and is currently under construction by Enertrag.
The wind farm is powered by seven Nordex N117 turbines and has secured a long-term operation and maintenance agreement with a reputable counterparty. The project has entered into a Power Purchase Agreement with EDF and benefits from a 15-year contract for difference tariff.
Enertrag will continue to look after the technical and commercial operations of the wind farm.
Herbert Smith Freehills advised Enertrag with Frédéric Bouvet, M&A Partner and Managing Partner of the firm's Paris office and Magali Fernandes, of Counsel.