Newsec advises on sale of Gabrielsberget Syd wind farm

Newsec acted as sole financial advisor in the sale of the 46 MW Gabrielsberget Syd wind farm (GBS). The wind farm consisting of 20 Enercon 2.3 MW WTGs was developed by Svevind, realized in cooperation between Enercon and Svevind and has been operational since 2011. GBS was acquired by Downing Renewable & Infrastructure Trust (DORE) and had a debt facility which was repaid as part of the transaction.

Omid Ashrafi, Managing Partner at Newsec commented:

“We are delighted to have supported on the successful completion of this deal being enabled thanks to the close collaboration of the sellers, banks and Downing. I believe that we will see increased number of brownfield transactions on the market with optimized capital structures.”

Hugh Little, Chairman of DORE, commented:

“We are delighted to announce the acquisition of our first onshore wind farm adding further diversity to our existing portfolio. This Swedish wind asset fits well in the technology diversification DORE is pursuing.”

Further information:
https://www.downing.co.uk/news/dore-acquires-first-onshore-wind-farm