Weinberg Capital bank on French PV programmer Orion Energies
- France-based exclusive equity firm Weinberg Capital Partners introduced it has actually taken a minority stake in neighborhood independent solar energy designer and manufacturer Orion Energies with a commitment to help the firm accelerate its growth.
The size of the gotten shareholding and the value of the offer were kept under wraps.
Orion creates, finances, develops as well as runs intermediate-sized roofing system and ground-mounted projects with a concentrate on abandoned or weakened land. Its portfolio includes 150 MW in operation as well as greater than 170 MW under advancement, according to the company's website.
Founded by brothers Augustin and Hadrien Clement-Fromentel in 2009, the French firm runs greater than 150 nuclear power plant across France and has nearly 40 staff members based in Paris as well as Lyon.
The deal marks the fifth financial investment of the private equity firm's WCP Impact Dev # 1 fund which supports companies with a positive impact from an environmental and a social standpoint.
