Macquarie to get 90% equity in French solar

• Investor expects to complete a purchase for Apex Energies by the initial quarter of 2022

Macquarie Asset Management has participated in arrangements to obtain a 90% equity rate of interest in Apex Energies Group from a consortium of investors.

The transaction is expected to be completed by the initial quarter of 2022, subject to the firm's workers being notified and also appointment with their worker representative bodies, receipt of essential regulative approvals and the contentment of customary closing problems.

The monetary terms have actually not been disclosed but the deal will be made via the Macquarie Green Investment Group Renewable Energy Fund 2.

Apex Energies presently manages greater than 530 solar sites in France with a combined 92MW of mounted capacity, and also a 2.2 GW development pipe.

The business also offers energy effectiveness services via its subsidiaries ORA and S4E to commercial clients and also monitoring technology to renewable energy producers.

Apex Energies Group will certainly stand for Macquarie Green Investment Group Renewable Energy Fund 2's 3rd investment having already acquired a 50% risk in a 268MW portfolio of rooftop solar systems in the United States, and a 10% risk in the 576MW Gwynt y Mor offshore wind farm in the UK.

The investor currently handles around 4.8 GW of solar projects throughout the US, Mexico, India as well as China.

Macquarie Asset Management head of France, Benelux and Greece Stephane Brimont claimed: "Apex Energies Group has actually created a quickly growing base of functional solar assets across France and also aims to secure 1GW of project capability by 2025.

" We are thrilled by the opportunity to pursue this journey, in addition to assistance the business in consolidating and also reinforcing its position as a leader in France's solar rooftop market.

" The group's activities align closely with our fund's long-term mandate to develop, construct as well as run renewable energy at scale in fully grown markets."

Apex Energies Group managing director Carlos Herrera-Malatesta said: "We have found a knowledgeable, long-lasting investor in Macquarie to take our organization onward.

" Over 3 decades we have actually aided local businesses, farmers, landowners and also neighborhoods to decrease their carbon footprint and boost their power capability.

" We expect continuing this important work, sustained and also scaled by Macquarie over the coming years."

Apex Energies Group president Pascal Marguet stated: "With Macquarie's assistance, Apex Energies will certainly end up being a leading independent solar energy producer in France-- both in the rooftop sector where the firm is already a market leader, and in ground placed solar plants, along with the energy self-consumption industry.

" Our company believe we are a best match, and that Macquarie can help the management team in sustaining our enthusiastic growth plans and also knowing the business's complete possibility."