Hermes and CGNEE acquires onshore windmill portfolio from Aquila Capital.

Hermes Infrastructure, a leading infrastructure investment firm, and CGN Europe Energy, a French electric utility firm acquires a portfolio of onshore windmills from Aquila Capital, an alternative assets manager. Financial terms were not disclosed. Under the terms of the agreement, HIF will take an initial 20% equity ownership stake and CGNEE has underwritten the remaining 80%. Aquila Capital will retain an ongoing role in relation to the portfolio. The portfolio comprises two operational onshore wind farms with an aggregate capacity of 216MW and three onshore wind projects in late-stage construction with an aggregate capacity of 597MW. “We are very pleased to announce this transaction for a high-quality portfolio of wind farms in Sweden in conjunction with our strategic partner, CGNEE." Peter Hofbauer, Hermes Head of Infrastructure.