Macquarie consortium to obtain Reden Solar
- French PV gamer with 15GW advancement portfolio obtained for EUR2.5 bn.
A consortium led by Macquarie Asset Management has actually reached a contract to get Reden Solar from InfraVia Capital Partners as well as Eurazeo.
Macquarie, with British Columbia Investment Management Corporation (BCI) and MEAG, has bought the solar programmer for an enterprise worth of EUR2.5 bn.
Reden Solar develops, financial resources, builds and also runs solar power plants across Europe as well as Latin America, with a 762MW functional portfolio and also a 15GW advancement pipe. Headquartered near Toulouse, Reden Solar has a well established visibility in France as well as Spain as core markets, and has just recently broadened its impact into Greece as well as Italy.
The transaction is anticipated to get to conclusion by the third quarter of 2022.
Reden Solar president Thierry Carcel said: "We are delighted to have Macquarie, BCI and also MEAG sustain the next stage of our growth aspirations.
" Our business is constantly advancing from predominantly rooftop solar, into ground placed and agrivoltaic projects.
" With the support of our brand-new investors, we eagerly anticipate expanding Reden Solar's visibility in existing as well as brand-new markets, along with establishing our groups on the ground.".
Macquarie Asset Management head of France, Benelux and Greece Stephane Brimont claimed: "Reden Solar's geographically varied platform offers an outstanding possibility to scale up its advancement pipeline to aid satisfy web zero targets across Europe.
" Their management team has a tested performance history of establishing projects in core in addition to new European markets. We are delighted to support them over the long-lasting as they construct out their service as well as maximise their contributions in the direction of the low-carbon change.".