Luxembourg-headquartered infrastructure investor Marguerite plans to take a position as much as €60 million to launch an funding platform catered to greenfield photo voltaic PV initiatives. The funding can be made by its newest fund, Marguerite III.
The platform goals to ascertain a portfolio of over 2GW of developed and in-development initiatives over the subsequent six years. Marguerite will develop utility-scale photo voltaic PV belongings in European nations, together with France, Spain, Italy, Germany, Austria and Poland.
Marguerite will prioritise in-house growth or co-development with native companions and, in some instances, construct the infrastructure earlier than promoting it to utilities or different buyers.
The corporate stated the funding aligns with its technique to put money into “infrastructure that intrinsically contributes to local weather change mitigation and adaptation”. Moreover, the platform enhances Marguerite II’s funding in ZE Power, an impartial energy producer that develops, builds and operates hybrid solar-plus-storage energy vegetation throughout Europe.
“The rationale behind our choice to take a position on this platform was that this market advantages from excessive premiums for ready-to-build belongings, and an agile method is crucial to reply shortly to modifications in market circumstances and reap the benefits of new alternatives as they come up,” stated Guillaume Rivron, associate at Marguerite.
The platform can be led by renewables trade veterans Josef Kastner and Chloé Durieux.
