French investment firm 123Venture, along with French solar developer Solairedirect, have sold three PV power plants in France with a 19.6MW combined capacity to an unnamed German investor.
The financial details for the transaction have not surfaced, but according to 123Venture, the plants generated revenue of over €9 million (US$11.2 million) in 2013. Solairedirect built all three plants and have been operating them since their completion in 2011, but in 2010 123Venture acquired 85% of the assets and Solairedirect remained on as a minority shareholder.
The plants are located in Esparron-de-Verdon, in the region Provence-Alpes-Côte d'Azur, and Saint-Hilaire-du-Rosier in the region of Rhône Alpes.
123Venture notes this sale as its “track record” in PV and points out it is the company’s second successful project transfer made this quarter.