Track record

Indivisible package of 2 hydropower plants with a total output of close to 3.5 GWh: - Plant 1: grandfathered water rights (fondé en titre) for a maximum gross capacity (PMB) of 780 kW. Diverted flow of 27 m3/s. 2 Francis turbines. - Plant 2: prefectoral authorisation until 2031 for a PMB of 400 kW. Authorised flow of 24 m3/s. 3 generating units. Electricity sold on the open market.

M&A
Sale of RTB Wind Project — Opportunity to acquire cleared rights to build a 14 to 17.5 MW wind farm. Exclusive sale of 100% of the shares of a company holding all cleared rights and permits to build a 14 to 17.5 MW wind farm (7 turbines): building permit, notarised land control, ERDF grid connection agreement, CODOA and EDF OA contract signed in advance at a 2013 tariff of 8.52 c€/kWh in year 1. Net P50 above 2,400 h for annual revenue of around €3M. Sale completed in July 2014

M&A
12 MWp ground-mounted photovoltaic project in Haute-Vienne, covering 21 hectares. - Mounting structure: fixed. - Estimated annual output of 15,000,000 kWh. - Feed-in tariff: 10.79 euro cents/kWh.

Cantal: Renovated in 2011 and 2012, this high-head plant holds a prefectoral authorisation until 2053. Annual output is 1.4 GWh/year for H07 revenue of around €150k. The H07 contract started in 2012 for 20 years. Land control secured. Sale of 100% of the shares.

This medium-head plant has a head of 11 m with a penstock approximately 400 m long. Authorised until 2025 for 323 kW gross; the land is freehold with no immediate neighbours. Average output 0.5 GWh/year for revenue on the open market of €23k. The Francis turbine had not been designed for this site. Works costing around €50k have been carried out since 2011. EDF H07 contract possible for revenue of €65k; asset sale by tender.

Sale of 100% of the shares of a company owning a hydropower plant authorised for 469 kW until 2029. The installation has a head of 26.6 m for a diverted flow of 1.8 m3/s. EDF H07 contract obtained, expiring in 2031. Average annual output of 1.8 GWh since the renovation completed in early 2011, for average revenue of €178k excl. VAT.

M&A
8 MWp ground-mounted photovoltaic project in the Hautes Pyrénées. - Ground area of 12 hectares. - Annual output estimated at 10,200,000 kWh. - Mounting structure: fixed.

Equipped with a double-regulated Kaplan turbine under a 2.5 m head, this micro hydropower plant produces an average of 400,000 kWh/year for revenue of €36k excl. VAT/year. The prefectoral authorisation is valid until 2035 for a capacity of 184 kW. EDF 97-07 contract expiring in October 2012. Freehold ownership, asset sale; some works required to obtain a new EDF H07 contract.

M&A
Sale of a wind farm with repowering — The sale concerns an operating wind farm located in south-east France with a total capacity of around 7.5 MW. The site benefits from very high wind speeds and land control for over 40 years.

Hydropower plant in Haute Vienne, holding a prefectoral authorisation for 356 kW until 2037. This plant has a double-regulated Kaplan turbine installed under a 3 m head and a flow of 12 m3/s. Electricity sold on the open market pending an EDF H07 contract. Average annual output of 800,000 kWh for forecast revenue under an H07 contract of €96k. Freehold ownership. Asset sale.

Sale of 100% of the shares of a company owning a hydropower plant authorised for 323 kW on the Aveyron. The plant has a head of 2.2 m for a diverted flow of 15 m3/s. H07 contract with over 70% of the investment completed. Average annual output of 780,000 kWh for average revenue of €91k. Potential capacity increase. Freehold ownership. The sale also includes a small, fully renovated mill.

This plant in the Lozère holds a prefectoral authorisation for 650 kW, due for renewal in 2027. It has 2 Pelton turbines for a head of 140 m and a flow of 0.47 m3/s. Dam and plant owned. The plant, shut down since October 2012, is in average condition and requires renovation to obtain a 20-year EDF H07 contract. Average output of 1.05 GWh for forecast H07 revenue of €121k excl. VAT. Sale of 100% of the shares.

M&A
Concurrent sale of 100% of the shares of a company holding the permits for a 1 MWp rooftop photovoltaic generator and of the turnkey engineering and supply contract. The plant will be built during summer 2013. Estimated output: 1,000,000 kWh/year. Forecast revenue: CHF 223k excl. VAT, i.e. €182.5k excl. VAT. Feed-in tariff: CHF 0.2144 excl. VAT guaranteed for 25 years, i.e. €0.1754 excl. VAT.

M&A
Sale of a turnkey wind farm — Sale of 83% of the shares of a project company holding all the permits required to build and operate a 10.25 MW wind farm. 5 Repower MM92 turbines - 80 m masts. Net P75 output: 2,300 h, i.e. revenue of €2M in year 1. Owner's engineering contracts for construction and technical and administrative management contracts agreed between the seller and the buyer.

M&A
Sale of a wind farm with repowering — Sale of 100% of the shares of a company operating a wind farm with 6 years remaining on its EDF OA power purchase agreement and long-term emphyteutic leases. 13 Jeumont J48 750 kW turbines - 46 m masts. Site with proven repowering prospects and a potential of nearly 3,000 h. Repowering was indeed carried out following this transaction

Authorised for 400 kW until 2025, this plant has an 8 m head for output of 397,707 kWh/year. Forecast revenue under an EDF H07 contract: €48k excl. VAT. 290 hp Dumont double-regulated Kaplan turbine built around 1960. Asset sale in the Puy de Dôme department on the Couze. The plant is currently shut down

M&A
Confidential sale of a project company holding a batch of 11 photovoltaic plants to be built, with a total capacity of 2,305.8 kWp. Average feed-in tariff: 28.9 c€ excl. VAT/kWh. The 11 generators will be installed on existing buildings between March and September 2013. Estimated expected output of 2,460,502 kWh, i.e. 1,067 kWh/kWp, for revenue of €711,085 excl. VAT/year. Sale of 100% of the shares.

This plant on the Mayenne benefits from a water right of unlimited duration for 140 kW and a head of 2.1 m. Average annual output of 405,000 kWh for average revenue of €47,000 excl. VAT under an EDF H07 contract. Condition: very good. Asset sale.

This Haute Vienne plant holds a prefectoral authorisation until 2044 and has a head of 10 m. Average annual output of 671,517 kWh for average revenue (under the former EDF H97-07 contract) of €53k. EDF H07 contract possible: forecast average revenue of close to €80k. Freehold ownership. Asset sale. Plant temporarily shut down (CARDi being obtained).

M&A
Sale of a turnkey wind farm — Sale of 100% of the shares of a project company holding all the permits required to build and operate a 12 MW wind farm. 6 Vestas V100 turbines; net P50 output = 2,600 hours, i.e. revenue of €2.2M in year 1. Owner's engineering contracts for construction and technical management contracts for operation agreed between the seller and the buyer.

M&A
Confidential sale of a project company holding a batch of 8 photovoltaic plants with a total capacity of 792 kWp. Feed-in tariff: 28.83 c€ excl. VAT/kWh. The 8 generators are under construction and will be completed in spring 2013. Expected output of 977,996 kWh for revenue of €281,956 excl. VAT. Sale of 100% of the shares.

M&A
Confidential sale of a project company holding a batch of 2 photovoltaic plants with a total capacity of 192.25 kWp. Feed-in tariff: 28.83 c€ excl. VAT/kWh. The 2 generators are under construction and will be completed in spring 2013. Expected output of 230,328 kWh for revenue of €66,404 excl. VAT. Sale of 100% of the shares.

M&A
Confidential sale of a project company holding a batch of 3 photovoltaic plants with a total capacity of 295 kWp. Feed-in tariff: 26.09 c€ excl. VAT/kWh. The 3 generators are under construction and will be completed in spring 2013. Expected output of 366,514 kWh for revenue of €95,623 excl. VAT. Sale of 100% of the shares.

M&A
Confidential sale of a project company holding a batch of 15 photovoltaic plants to be built, with a total capacity of 3,053.6 kWp. Average feed-in tariff: 19.55 c€ excl. VAT/kWh. The 15 generators, with an average capacity of over 200 kWp, will be built under the turnkey construction contract linked to the sale of the project company. Expected output of 3,520 MWh for revenue of over €690,000 excl. VAT. Location: western France. Sale of 100% of the shares.

Sale of 100% of the shares of a company owning 2 hydropower plants on the Vienne and the Gartempe. Freehold ownership. Water rights (2 prefectoral authorisations and 1 partial fondé en titre right) until 2019 and 2042. Total annual output is 1.6 GWh for forecast revenue under an EDF H07 contract (contracts to be obtained) of around €180k excl. VAT, with a minimum investment of approximately €280k required. Access will be granted from Monday 15 October 2012.

Vaucluse: This hydropower plant, with an administrative capacity of 579 kW, holds a prefectoral authorisation until 2040 and grandfathered water rights (fondé en titre) for 81 kW. It has 3 generating units with a total installed capacity of 350 kW. Average annual output is 530,814 kWh; EDF H07 contract possible for forecast average revenue of €59,076 excl. VAT. Freehold ownership. Asset sale.

Sale of a hydropower plant with a maximum gross capacity (PMB) of 2,461 kW and a head of 251 m, located in the Isère. The installation is equipped with 2 Pelton turbines. Average annual output of 6.7 GWh for average revenue of €480k under an EDF H07 contract. Plant sold as part of "Projet Pelton".

Former plant of the Amable Matussière paper mills (MFSA), installed between 1869 and 1883. Several tunnels. This plant is equipped with 4 twin-jet Neyrpic Pelton turbines installed under a 171 m head. Average annual output of 7 GWh for average revenue of €359k. EDF H03 contract. The installation was sold as part of "Projet Pelton".

Located on the Doubs, this plant holds an authorisation due for renewal in 2024 with a maximum gross capacity (PMB) of 1730 kW. Head of 4.20 m for a turbined flow of 42 m3/s. Annual revenue of €375k excl. VAT for average output of 5.5 GWh/year. Sale of shares, good overall condition, H07 contract in place with potential for a capacity increase.

Plant sold through the Houille Blanche project. One of the largest private plants on the Gave de Pau in the Pyrénées Atlantiques. Annual output of around 12.4 GWh with 2 Kaplan turbines for a 3.6 m head. Prefectoral authorisation until 2028, land control.

Plant sold through the Houille Blanche project. This high-head plant located in Savoie has 3 Piccard Pictet Francis turbines. 2 riveted steel penstocks.

Plant sold through the Houille Blanche project. Authorised in 1904 in Savoie, this medium-head plant on the Bréda has a single Francis turbine. Average output 8.8 GWh/year. Major works required, particularly on the penstock.

Plant sold through the Houille Blanche project. The only high-head plant on the River Gers (Hautes Pyrénées department). Authorised for a 98 m head, this plant produces an average of 3.6 GWh/year.

This confidential sale concerns several hydropower plants totalling around 15 MW. Plants located on the Gave de Pau in the Pyrénées Atlantiques (4.5 MW), Savoie (7 MW), Alpes de Haute Provence (2 MW) and Hautes Pyrénées (1 MW).

Located in the Hérault in a former textile mill built in 1641, this micro hydropower plant has a Francis turbine operating under a 7 m head. The dam is built on a natural rock sill. Trash rack cleaner, PLC. Prefectoral authorisation until 2036, average annual output of 550,000 kWh for revenue of €42k excl. VAT. New 20-year EDF H07 contract possible, subject to renovation of the plant. Asset sale, freehold ownership.

Pyrénées Orientales: This renovated site holds a prefectoral authorisation until 2026. Equipped with a Pelton and a Francis turbine turbining 0.64 m3/s, this plant under an H07 contract has a head of 79 m. Average annual output of 1,941,780 kWh for forecast average revenue of €171,719 excl. VAT. Sale of 100% of the assets.

Ardèche: With a 7.5 m head, this micro hydropower plant built in 1982 had its authorisation renewed in 2011 for 30 years for a gross capacity of 556 kW. Average output is around 1.3 GWh/year for revenue of approximately €112k excl. VAT. Most of the installations are freehold, except the dam. Sale of 100% of the shares of the company owning the plant. EDF 97-07 contract expiring in October 2012; application for an EDF H07 contract in progress.

The largest private plant in the Jura, owned by the same family for nearly a century. Producing around 12 GWh annually, this plant has a 56-hectare lake for peak-load generation. Head of around 10 m for a turbined flow of 55 m3/s. 4 turbines, including 2 Charmilles Kaplan units of 2080 hp with low-speed Alsthom alternators.

Located on the left and right banks of the same dam, these 2 plants on the Bienne have a head of 4.5 m. Average output exceeds 4 GWh/year. The EDF H97-07 contract ends in October 2012. One of the plants dates from 1934 and has 2 Escher Wyss and Charmilles Kaplan turbines. Very good overall condition; sale of shares.

Dordogne: Authorised for a capacity of 500 kW valid until 2056, this plant has a head of approximately 2.25 m for a diverted flow of 29 m3/s. Average annual output is 1,500,000 kWh for annual revenue of €108,000 excl. VAT, under an EDF 97-07 contract expiring in October 2012. Asset sale, freehold ownership, average condition, new 20-year EDF H07 contract possible.

Puy de Dôme: This plant holds a prefectoral authorisation for a maximum gross capacity (PMB) of 588 kW until 2039, with a head of 27 metres and a 500 kW turbine. Freehold ownership. Annual output of 1,360,000 kWh for revenue of €99k excl. VAT under an EDF 97-07 contract expiring in 2012. Asset sale, new EDF H07 contract possible.

Dordogne: Authorised for a capacity of 431 kW in 1991, this micro hydropower plant built on the dam has a head of approximately 5.40 m for a diverted flow of 8.30 m3/s. Average annual output of around 600,000 kWh for revenue of €40k excl. VAT under an EDF 97-07 contract expiring in 2012. Sale of the company, average condition, new 20-year EDF H07 contract possible.

Mill with grandfathered water rights (fondé en titre), with a capacity of 180 kW and a head of 1.80 m. Freehold ownership. Average annual output is 400,000 kWh with revenue of €24k excl. VAT/year. Asset sale.

With a head of 25 m and a capacity of 400 kW, this plant has been fully renovated (turbine, alternator, electrical switchgear...) to obtain a new 20-year EDF H07 contract. The plant is largely freehold. The prefectoral authorisation is valid until 2035. Forecast output of 2.1 GWh/year for revenue of around €180k excl. VAT.

The sale concerns 100% of the shares of a SARL owning a 1 MW plant with a 114 m head and average output of 1.91 GWh/year for revenue of €132k excl. VAT, located in the Lozère. Average condition; renovation required to obtain an EDF H07 contract. Authorisation for 1342 kW until 2026. Freehold ownership. The SARL for sale also owns a 50 kW mill with grandfathered water rights (fondé en titre) and a 2.5 m head on the Aveyron, revenue of approximately €13k excl. VAT, with a 240 m² dwelling. 1 ha of land, with the possibility of 4 additional ha. Magnificent setting.

This plant located in Meurthe-et-Moselle, France, produces 6 GWh/year for revenue of around €500k excl. VAT. Low head, very good condition, prefectoral authorisation for 1800 kW, land control. Sale of a company with remaining depreciation of €850k. To access the file, please email antoine@envinergy-transactions.com stating your valuation level (the price you are able to offer) together with a presentation of your group.

This new plant located on the Rhine (68) was built in early 2009. It holds a 20-year single-component EDF H07 contract, a 40-year prefectoral authorisation and benefits from very regular hydrology. Actual output 2.4 GWh/year, revenue of €237,000 excl. VAT over 12 months. Sale of 100% of the shares of a SARL with significant depreciation. Low head.

Tarn: Equipped with a Pelton turbine manufactured by Bouvier, this plant has a small mountain reservoir. The head is 360 m for an authorised diverted flow of over 0.5 m3/s. The water right, formerly a concession, was converted into an authorisation in 2005 for a maximum gross capacity (PMB) of 1800 kW. Average output of over 2.6 GWh/year for annual revenue of around €197k excl. VAT. Very good overall condition, accessible penstock. Sale of 100% of the shares of a company.
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