CONQUEST Acquires 6 Solar Parks in France from Solairedirect


Solar - May 24, 2017

CONQUEST Asset Management (“CONQUEST”) reached a final agreement with Solairedirect, a subsidiary of Engie (ENGI.PA), to acquire a portfolio of six solar photovoltaic parks in France.

The real assets portfolio, located in the South of France, represents a total of 35MW power capacity. The assets are supported by up to 20-year power purchase agreements with French incumbent utility EDF, and they benefit from long-term partnerships in operations & maintenance with the Engie Group.


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“This transaction is the result of the relentless work and expertise developed at CONQUEST in the infrastructure space and renewable power real assets over the past years, and is a strong illustration of CONQUEST’s team involvement in the industry, developing strategic partnerships with an energy player like Engie” says Amaury Korniloff, a managing director at Solairedirect. He continues: “Those assets are best-in-class in the current European renewable energy landscape, they have been designed, built and modelised hand-in-hand with CONQUEST. We are looking forward to developing further this trust relationship we built with CONQUEST’s investment team.”

CONQUEST recently announced it has completed a first close of its renewable power fund with tier 1 European institutional investors. The asset manager aims at operating one of the largest infrastructure investment platforms in Europe, and continues to secure a strong pipeline of ready-to-build and operating real assets in OECD countries, and in Western Europe in particular, which offer less correlated, inflation-linked, long-term yielding revenues to institutional investors.

 

Source : CONQUEST

Published on Global Energy World: May 24, 2017

 
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