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Consortium Comprising Electricite de France SA's EDF Energies Nouvelles General Electric Co's GE Energy Financial Services and MEAG Completes Acquisition of Iberdrola SA’s Wind Farms in France

Sunday, 26 May 2013 08:00pm EDT 

Electricite de France SA announced that an international consortium comprising EDF Energies Nouvelles, MEAG, acting as the asset manager of Munich Re, and GE Energy Financial Services, a unit of GE, has implemented a previously announced agreement with Iberdrola to acquire 30 wind farms in service in France with 305 MW in total gross capacity. Under the agreement EDF Energies Nouvelles owns an interest of 20%, GE Energy Financial Services an interest of 40% and MEAG an interest of 40% in the assets. EDF Energies Nouvelles will provide asset management, along with operations and maintenance services. the financial terms of the deal were not disclosed. 

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