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Bridges acquires Maven Capital’s stake in wind energy company GEV

ImpactAlpha, July 3 – GEV Wind Power literally keeps the turbines turning in the 565-gigawatt global wind energy market. The U.K.-based maintenance and repair company has serviced 3,000 turbines to date.

Bridges Fund Management took a stake in anticipation of 8% annual growth in active wind turbines. “With the cost of wind energy production now comparable to the cost of producing energy from fossil fuels, it is becoming an increasingly attractive option,” Bridges said in a statement.

The impact investment firm bought out existing investor Maven Capital Partners, a U.K.-based private equity fund. Bridges made the investment, its first in the wind sector, via its £80 million ($101 million) Sustainable Growth Fund IV.

GEV is Bridges’ first investment in the wind sector.

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