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M&A Deal Summary

ERG Acquires LongWing Energy France SA - Three Wind Farms

On February 24, 2020, ERG acquired renewable energy company LongWing Energy France SA - Three Wind Farms from LongWing Energy France SA for 40M EUR

Acquisition Highlights
  • This is ERG’s 1st transaction in the Renewable Energy sector.
  • This is ERG’s largest (disclosed) transaction.
  • This is ERG’s 1st transaction in Luxembourg.

M&A Deal Summary
Date 2020-02-24
Target LongWing Energy France SA - Three Wind Farms
Sector Renewable Energy
Buyer(s) ERG
Sellers(s) LongWing Energy France SA
Deal Type Divestiture
Deal Value 40M EUR

Target

LongWing Energy France SA - Three Wind Farms

Luxembourg, Luxembourg
LongWing Energy France SA - Three Wind Farms which has an overall installed capacity of 38 MW, came on stream between 2010 and 2012 and have a total annual output, based on historical average, of around 70 GWh, corresponding to over 1,840 equivalent hours and equal to approximately 37 kt of avoided CO2 emissions per year. For a period of 15 years, starting from the commercial operation date, the plants are entitled to benefit from an overall incentive tariff, which in 2019 averaged about 91 Euro/MWh.

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Buyer(S) 1

Buyer

ERG

Genoa, Italy
Category Company
Founded 1938
Sector Utilities
Employees804
Revenue 738M EUR (2024)
DESCRIPTION

ERG is an independent operator of clean energy from renewable sources. ERG was founded in 1938 and is based in Genoa, Italy.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Luxembourg M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 ERG - Brockaghboy Wind Farm

Coleraine, United Kingdom

Brockaghboy is located approximately 30 miles east of Londonderry in Northern Ireland and has a capacity of 47.5MW. Brockaghboy was originally developed by TCI Renewables Limited ("TCI") and constructed by ERG with support from TCI. The wind farm is accredited to receive 0.9 ROCs per MWh from August 2017 and was fully commissioned in February 2018. The forecast net load factor is 40.5%.

Sell £163M

Seller(S) 1

SELLER

LongWing Energy France SA

Luxembourg, Luxembourg
Category Company
Founded 2013
Sector Renewable Energy
DESCRIPTION

LongWing Energy France SA is an Independent Power Producer (IPP) to build, own and operate onshore wind farms and solar parks in France, Poland, and Eastern Europe.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Luxembourg M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
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