SOLGÉS ENERGY, a committed player in the photovoltaic sector, has welcomed RGREEN INVEST as a shareholder in order to implement its growth strategy.
This transaction enables SOLGÉS ENERGY to strengthen its equity base and secure funding for the development of a portfolio of assets comprising more than 100 MWp of ground-mounted solar power projects, whilst supporting its growth strategy for the coming years.
A strategic partnership with long-term financial stability
This strategic alliance with RGREEN INVEST takes the form of two partnerships:
• a capital increase to bolster the company’s equity and finance the development of its portfolio of already secured assets,
• a medium- to long-term partnership for the construction and operation of solar power stations as an independent power producer
Ambitious targets in a highly dynamic market
SOLGÉS ENERGY has entered into major partnerships with organisations specialising in the reclamation, decontamination and regeneration of degraded and polluted sites, which have enabled it to secure an initial portfolio of land to be redeveloped with ground-mounted solar power stations, and to set itself the target of building a portfolio of up to 300 Wp of operational ground-mounted solar power stations by 2025–2026.
To achieve its objectives, the operator will need to:
• Strengthen its strategic partnerships,
• Implement an innovation strategy by anticipating new business models, including CPPA contracts,
• To be at the forefront of technological innovation, in particular by incorporating hydrogen strategies, etc…
Ultimately, SOLGÉS ENERGY will raise nearly €230 million in structured finance to fund its projects.
«Reaching this milestone – which was a first step and a prerequisite for validating our business strategy – will enable us to carry out our development plan for the coming years; it promises to be a very exciting journey,» said Armén SEDEFIAN, the company’s chairman.
About SOLGÉS ENERGY
The founders and partners of SOLGÉS ENERGY are entrepreneurs who have specialised for over 15 years in the renewable energy sector, the decontamination and regeneration of industrial sites, construction and public works, and innovative technologies. With expertise across all business processes, SOLGÉS ENERGY specialises in the development, financing, construction and operation of photovoltaic power stations.
About RGREEN INVEST
An independent French asset management firm founded in 2013 by Nicolas Rochon and now operating as a mission-driven company, RGREEN INVEST specialises in investment and financing for the energy transition and climate change adaptation. As the first organisation to offer a comprehensive range of bespoke financial solutions, RGREEN INVEST is committed to supporting the energy transition in Europe. With more than twenty experienced professionals, RGREEN INVEST has one of the largest teams of specialists in the financing of infrastructure projects linked to the energy transition in France. Committed to addressing climate challenges and placing ESG at the heart of
In line with its investment criteria, RGREEN INVEST thus enables institutional investors to play a part in the energy transition whilst sharing the financial returns with them. With over €1.3 billion under management, RGREEN INVEST helps to finance projects across Europe, which to date have resulted in a total installed capacity of more than 2.6 GW**, thereby preventing the equivalent of
nearly 550,000 tonnes of CO₂ emissions in 2020*.
* Source: RGREEN INVEST. GW refers to gigawatts of installed capacity at power stations financed with the support of other sources of
funding.
**Source: RGREEN INVEST, Estimates based on an internal calculation methodology. It should be noted that the amount of emissions avoided attributable to a renewable energy project financed by RGREEN INVEST depends significantly on the emission factor of the country in which the project is located. Where renewables replace fossil fuel capacity, particularly coal-fired power stations, the emissions avoided will be substantial. Emissions avoided also depend on the renewable technologies deployed. This factor explains why emissions avoided from wind power are greater than those from solar power, even though the share of these two technologies is comparable within RGREEN INVEST’s portfolio.