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BNP Paribas fund acquires Irish wind farm A fund managed by BNP Paribas Clean Energy Partners has acquired Gortahile Windfarm Ltd., which owns and operates a 20MW wind farm in County Laois, from ABO Wind Ireland. The Gortahile windfarm began commercial operation at the end of August. It is forecast to produce 70 GWh of electricity per year. "This acquisition represents the cornerstone of a larger portfolio that we intend to build in Ireland," said Joost Bergsma, the fund's chief executive. "Ireland is a very attractive renewables market for financial investors because of its strong wind regime, its robust REFIT support policy, and its commitment to achieving its 2020 renewable energy target." The acquisition is the first in a partnership agreement between BNP Paribas Clean Energy Partners . and ABO Wind, in which the parties have agreed to transact 50 MW of generation capacity over the next 16 months. Source: Utility Week © Faversham House Group Ltd 2010. News articles may be copied or forwarded
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