Infram Energy Reaches 95MW of Total Installed Capacity
Infram Energy, a platform established by Infracapital and Amarenco Solar to invest in greenfield renewable energy assets across France, Ireland and other European markets, has signed a long-term debt facility, arranged by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG), to finance an additional solar portfolio of 16.1MW. This takes Infram Energy’s total installed capacity to more than 95MW and over €200 million of total capital invested.
Infram Energy was established in January 2017, consisting of three renewable solar projects in France backed by a 20-year Feed In Tariff. The company has since continued developing and acquiring greenfield projects in France, in line with its strategy.
Infram Energy has a strong pipeline for renewable energy projects across Europe and it expects to invest in c.100MW of projects per annum over the coming years. Infram Energy has exclusivity over Amarenco’s share of early development projects in the key geographic regions of the UK, Ireland and France and will also be able to source deals from third party developers, constructors and asset owners.
John Mullins, CEO of Infram Energy, says: “We have a healthy pipeline of greenfield projects in France and Ireland and see significant scope to grow further in this space. We are pleased that MUFG has supported us in this transaction and we expect further debt financing to be sought in the short to medium term to facilitate further greenfield projects in support of our strategic financial targets.”
Andy Matthews, Greenfield Director at Infracapital, says: “We are delighted with the success of Infram Energy in the French Solar market and their progress in developing a scalable investment platform in the European energy market. We look forward to continuing to support their growth and pipeline which fits well with our strategy of deploying significant capital in greenfield projects across Europe.”
