Univergy taps Lazard to locate strategic partner to back its international growth
- Spanish-Japanese renewables business Univergy Solar has actually kept Lazard Financial Advisors to aid it discover a strategic companion that will certainly support its growth strategies and press clean power projects worldwide.
The Univergy Solar group, headquartered in Madrid and Tokyo, exists in 16 nations and manages a portfolio of solar and also wind projects under growth completing 10.9 GW, the business stated. Its goal is to proceed growing as well as is seeking vertical combination, from project advancement to plant procedure, as specified in the strategic plan to 2025.
"Due to the rapid growth we have experienced recently, we are looking for a companion that will certainly enable the sustainable growth of the Company in addition to the stable financing of our projects," claimed Ignacio Blanco, head of state as well as Chief Executive Officer of Univergy.
Univergy already trusts Australian investment financial institution Macquarie Group Ltd (ASX: MQG) as its companion in a number of regions. Together, the duo runs a 50/50 growth platform, Nara Solar, concentrated on solar PV projects in Spain, France and the Netherlands.
A lot more recently, Univergy and Macquarie, with Green Investment Group Ltd (GIG), founded a joint venture, Hinode Power KK, routed at the Japanese solar market.