Global investor takes 80% stake in Belgian PV crew

• Eurazeo states investment will assist Ikaros Solar end up being a European independent power producer

Global investor Eurazeo has obtained an 80% equity rate of interest in Belgian business Ikaros Solar from its owners as well as Capenergie 2, a fund managed by Omnes Capital.

Ikaros Solar is the very first investment of Eurazeo's framework team according to its required to buy the power as well as electronic shift and also contribute to a low-carbon and also sustainable economy.

Eurazeo has dedicated to invest as much as EUR45m.

Ikaros Solar creates, constructs, possesses and operates roof as well as ground mounted solar PV power plants across Benelux, France, Portugal and the UK.

The business has actually installed over 200MW and also has an added 300MW growth pipe.

Eurazeo claimed it will certainly sustain Ikaros Solar in ending up being a European independent power producer by offering growth capital and also via bolt-on purchases, accessibility to a corporate network and in-house project and finance structuring capabilities.

Ikaros Solar chief executive Yves Devis claimed: "Along with Eurazeo we will certainly increase our growth activity to provide the pipeline in the coming years.

" Synergy with our PV building and construction expertise is enabling optimum value creation on a variety of opportunities. We are leading the road towards an effective European energy transition."

Eurazeo managing director Martin Sichelkow said: "We are thrilled to introduce our very first investment in a below market of the energy transition that sits at the heart of our mandate, particularly dispersed renewable resource generation.

" Ikaros Solar portrays solid intrinsic ESG attributes as well as sustains the shift in the direction of a reduced carbon economic situation-- a vital pillar of Eurazeo's brand-new sustainable framework approach."