Greece: A wind complex to be acquired by AERIF

, SEE Energy News

Desfina is an onshore wind farm complex in Greece. Aquila European Renewables Income Fund (AERIF) has agreed to acquire an 89 % stake in the 40 MW Desfina for an undisclosed sum. London-listed investment fund is a fully-owned subsidiary Tesseract Holdings Limited (THL) and this is its first investment in Greece. Desfina complex comprises two wind farms with combined installed capacity of 40 MW, that are backed by a 20-year feed-in premium for 100 % of their production. The project comes with an existing 15-year debt financing in place of some 41.5 million euros.