Conquest acquires six-project, 35MW PV portfolio in France

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The six-project portfolio is supported by up to 20-year power purchase agreements with French utility EDF. Image: Conquest

Conquest Asset Management announced Wednesday that it has reached a final agreement with Solairedirect, a subsidiary of Engie, to acquire a portfolio of six PV projects in France.

The PV assets portfolio, located in Southern France, features a total generation capacity of 35MW. The installations are supported by up to 20-year power purchase agreements with French utility EDF and also benefit from long-term partnerships in operations and maintenance with the Engie Group.

Amaury Korniloff, managing director at Solairedirect, said: “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.”

“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 that it has completed its first close of its renewable energy fund with tier-1 European institutional investors. Conquest aims to operate one of the largest infrastructure investment platforms in Europe, and continues to secure ready-to-build and operating real assets in OECD countries.

Read Next

May 24, 2022
French renewable energy company Compagnie Nationale du Rhône (CNR) has set up a new subsidiary that will focus on the development of solar installations in the Rhône valley area of France.
May 9, 2022
Solar developer Lightsource bp is setting up operations in France as it looks to reach a 1GW pipeline of large-scale PV projects in the country by 2026.
May 4, 2022
French independent power producer (IPP) Neoen recorded a 36% leap in revenue in Q1 2022, solar revenue rising 31% year-on-year.
May 2, 2022
Investment firm KKR has reached an agreement to acquire French renewables developer Albioma.
April 1, 2022
Voltalia subsidiary Helexia has acquired French agrisolar installer and operations company Cap Sud for €5 million (US$5.5 million) after the company was placed in safeguard proceedings at the end of 2021.
March 16, 2022
France should take “radical and immediate measures” to transform its energy system and rapidly accelerate solar deployment, the country’s PV trade association has said.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA