As part of the French climate change initiative, the Government has pledged to invest €1bn in renewable energy projects over the coming years. Using this investment, France hopes to multiply its installed capacity 10-fold and have an installed capacity of 100GW by 2050. 40GW of this installed capacity will be provided by offshore wind farms and the Government will be organizing Government tenders for projects. In this article, three French investors in green infrastructure will be discussed that will play a key role in French growth.
1) Sonnedix Power Holdings Limited – Solar investor based in Saint Grégoire
Sonnedix is a French-based renewable energy developer and investor that was founded in 2009. To date, the group has acquired an installed capacity of 9.4GW with projects located in France, Italy, Poland, Japan, the USA, and Portugal. In December 2022, the French group completed their 50MW Spanish solar project. The project brings its Spanish portfolio to over 1GW with over 600MW currently in operation, an additional 60MW under construction, and a project pipeline of 400MW.
2) Kallista Energy – Wind investor based in Paris
Kallista is a specialist in decentralized green infrastructure investments and independent green energy production. The group was founded in 2005, and since then Kallista has acquired a portfolio with an installed capacity of 438MW spread across 38 parks. In April 2021, the group acquired a wind and solar portfolio with an installed capacity of 180MW. The wind and solar projects are located across France and Germany, consisting of 15 projects acquired from the DIF Infra Yield 1 infrastructure fund managed by DIF Capital Partners.
3) RGreen Invest – Wind, solar, hydrogen, storage, and biomass investor based in Paris
Established in 2013, the French group has become an expert investor in green infrastructure investment. Currently, RGreen has over €1.4bn of assets under management with an installed capacity of 3.3GW which has avoided 844,000 tonnes of CO2 emissions each year. In January 2023, RGreen announced a partnership with Green Genius to develop 8 solar projects located in Lithuania with an installed capacity of 65.7MW. The duo hopes to complete the projects by 2024 and once fully operational will produce 82,400MWh of energy per year.
Image Source: Karsten Wurth via Unsplash (16.02.2023)
