Platina breezes out

Platina Finance, a PE house headquartered in London and Paris, has sold two windfarm companies in a double exit for the firm’s Mistral Windfarm I fund.

The companies – Mistral en Beauce and Ferme Eolienne La Remise des Bruyeres – own windfarms in Louville-la-Chenard in France which generate a combined capacity of 36MW. They are being acquired by French electricity provider Poweo and the Dutch Infrastructure Fund respectively.

Platina bought the sites in October 2005 from their German owners, the developer Volkswind, as development assets. Following completion of the planning process, buying turbines, securing the finance and initiating the construction process, the farms became fully operational in September 2006.