Renewable Energy Holdings (REH) plc, an investor and operator of renewable energy technologies, has bought an 8MW wind farm in Kirf, Germany from enXco.

Renewable Energy Holdings (REH) plc, an investor and operator of renewable energy technologies, has bought an 8MW wind farm in Kirf, Germany from enXco.

The deal was worth €10.5 million (£7.3 million). REH was advised by Standard Chartered Bank (SCB), and the acquisition was also part-funded by debt arranged by SCB.

SCB’s team was led by its global head of renewable energy Shane Bush, who said the bank has had a relationship with REH since 2004.

“The Kirf wind project acquisition is part of a €135 million financing facility provided by SCB to REH to develop further wind projects within Europe,” he added. “REH is a young company with a good asset base. This is an ideal platform for growth, but they should consider the fierce competition for assets in Europe.”