PARIS, June 30, 2015 /PRNewswire/ --
- Conquest advised Solairedirect on its sale of two power plants
in France representing a total of
23 MegaWatts, one of the biggest such deals in
France this year;
- This sale confirms the attractiveness of solar energy for
long-term institutional investors
in combined context of climate
change and low yield environment.
Solairedirect, the fast growing competitive global solar power
company, sold two of its operating plants, representing 23MW, to a
European investment vehicle backed by insurance
companies. Conquest acted as exclusive financial advisor to
Solairedirect for this transaction. It is one of the
largest solar transactions to take place in France this year. These 2 power plants,
located near Bordeaux in
South-West France, have a 20-year
power purchase agreement with national incumbent utility
Electricité de France (EDF).
Amaury Korniloff, Deputy
General Manager of Solairedirect said:
"This transaction was run in 7 weeks in a swift and
efficient manner with the excellent support of
Conquest. "
This transaction attracted more than 20 bidders from
France, the Netherlands, Switzerland, the UK and
Germany. Frédéric Palanque, Managing Director of
Conquest Paris office said: "We were delighted to be part of the
team that handled the sale. We are proud
to be supporting one of the
most high profile players in the global renewable
energy market, contributing to the management of their asset base
according to the highest industry standards."
Solar energy has reached
an inflexion point that has put it
on a firm growth trajectory, and this deal confirms the high
attractiveness of solar brownfield assets to European institutional
investors. The global increase in electricity prices, combined with
the continuous and sharp decrease of solar panels and equipment
costs, places solar electricity price models at cost parity in many
markets, breaking away from a former subsidised model and offering
acompetitive economic model suitable for
long-term real assets alternative
investments.
Institutional investors in particular are further shifting their
attention to low risk and long duration
renewable energy assets in the midst of global concern
about climate change, as illustrated by announcements made by the
international investment community in the wake of COP21 during the Climate Finance Day on
May 22nd in
Paris. These solar assets are
especially attractive to institutional investors with buy &
hold strategies due to investment horizons of up to 30 years,
longer than the more traditional private equity firms. In effect,
they answer their search for long-term sustainable,
predictable and low volatility cash yields that current capital
markets do not necessarily offer.
About Conquest
Conquest is an international investment banking firm and asset
manager owned by its directors. Conquest has developed a
significant expertise in a broad range of transactions and
strategic situations in various industries. It is actively working
in the Infrastructure space and advising, structuring, raising
capital and managing portfolios of selected best-in class renewable
energy assets in Europe, and
selected international markets.
About Solairedirect SA
Solairedirect is a solar power company operating across four
continents. The Company was founded in 2006 with the mission of
making solar power more competitive than other energy sources.
Solairedirect has developed a distinctive scalable business model
as a 100% solar power company with the aim of creating value all
along the value chain from development to construction, services
and investment.
For more information,
visit: http://www.solairedirect.com
For more information, visit:http://www.conquest-advisory.com
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Contact
Stephane Wattez-Richard -
Director
Tel : +33-1-76-73-29-24
s.wattez-richard@conquest-advisory.com
For general press enquiries :
press@conquest-advisory.com
SOURCE Conquest Advisory LLP