Marguerite releases solar financial investment platform

• The team aims to establish a 2GW portfolio in the following six years

Marguerite will invest approximately EUR60m in a financial investment platform devoted to greenfield solar photovoltaic or pv projects.

The platform aims to develop a portfolio of over 2GW of developed as well as in-development projects within the next 6 years under the management of Josef Kastner and Chloe Durieux, two renewables executives with years of combined experience in the renewable resource industry.

The business will develop utility-scale solar PV assets in European nations, including France, Spain, Italy, Germany, Austria and Poland.

"The rationale behind our decision to purchase this platform was that this market benefits from high premiums for ready-to-build assets, and also a dexterous method is crucial to respond rapidly to adjustments in market conditions and also make the most of new possibilities as they develop," said Guillaume Rivron, Partner at Marguerite.

"There is a substantial amount of investment required in this market, but there is a lack of concentrate on the initial part of the value chain: the growth of projects. Our collaboration with Josef and Chloe, combined with our European presence and also market knowledge, will allow us to rapidly adapt to this market as well as purchase top quality assets that will certainly produce substantial value for our capitalists as well as future clients," Rivron included.