CGNEE of China acquired the Estinnes wind farm, Belgium's largest onshore wind project, to expand its renewable energy portfolio.

Target Information

The Estinnes wind farm is the largest onshore wind project in Belgium, boasting an impressive capacity of 81 MW. Developed, constructed, and operated by Windvision, this wind farm consists of 11 Enercon E126 turbines, recognized as the tallest onshore wind turbines globally. The farm has been operational since its commissioning, contributing significantly to the local energy supply and sustainability efforts.

Windvision mandated Green Giraffe to oversee the sale of the Estinnes project, a process dubbed "Esperance." The sale attracted considerable interest from various investors seeking to enter the lucrative Belgian renewable energy market through a well-established project with a solid operational track record.

Industry Overview in Belgium

Belgium's renewable energy sector has been experiencing robust growth over the last decade. The country is actively pursuing its objectives in renewable energy to reduce reliance on fossil fuels and lower c