Following the deal, Marguerite controls 50% of the project and EnerCap Power owns 30% of the shares. The remaining stake is controlled by EP Global Energy, law firm Salans, which offered legal advice to the two funds, said in a statement Tuesday.
Wind turbines for the project will be supplied by company Nordex.
Marguerite and EnerCap Power financed the acquisition through loans from the European Bank for Reconstruction and Development (EBRD), Erste Group Bank, ING Bank and UniCredit Bank Austria.
The total cost of the project is expected to reach approximately EUR130 million, EBRD said Tuesday.
The bank is providing a loan of EUR91 million for the construction of the wind farm. “The loan will be under an A/B structure where EUR31 million will be lent for the EBRD’s own account and EUR60 million syndicated to Erste Group Bank, ING Bank and Unicredit Bank Austria,” said EBRD.
Construction works will start this year and full commissioning is expected to take place during the first quarter of 2013.
Marguerite was set up by financial institutions Caisse des Depots et Consignations, Cassa Depositi e Prestiti, the European Investment Bank, Instituto de Credito Oficial, KfW and PKO Bank Polski.
EnerCap Capital Partners (EnerCap) was set up in 2007 and specializes in the development of green energy projects in Central, Eastern and Southeastern Europe. Its investment portfolio in the region includes wind farm and solar power projects of over 350 MW.
EP Global Energy is part of Paraskevaides Group of Companies.