- Antin Infrastructure Partners is investing in Blue Elephant Energy, picking up a majority stake in the German company
- It will hold the stake through its Fund V making this the fund’s maiden investment
- BEE sees this strategic investment supporting its organic growth and expand its international generation capacity
German renewable energy platform Blue Elephant Energy AG (BEE) with its 1.3 GW operational solar and wind energy projects in 8 countries is set to get French private equity firm Antin Infrastructure Partners as its majority stakeholder.
Antin will take over the stake through its flagship Fund V, for which this will be its maiden investment expected to close in Q4/2022. The equity firm aims to support BEE’s growth strategy.
BEE’s current portfolio comprises 67 solar and 13 wind power plants, spread across Germany, France, Greece, Italy, the Netherlands and Spain, and is also active in Latin America (see Latin America PV News Snippets).
The company claims to have secured a significant and highly visible pipeline but does not disclose its geographical location or capacity.
With Antin as its stakeholder, the German company hopes to leverage the strategic partnership to ‘drive organic growth and significantly expand its international generation capacity’.
“The partnership with Antin gives further tailwind to BEE’s dynamic development and underlines our strong position in a fragmented market, the resilience of our business model and the attractive development and growth prospects that lie ahead,” said BEE Founder and CEO Felix Goedhart. “We will leverage both our long-standing and good relationships with project developers and our cooperation model for large private landowners to drive BEE’s further growth. In addition, we are continuously expanding our internal development capacities.
Antin is also invested in US renewable energy company Origis Energy (see North America PV News Snippets). It also had a solar platform called Antin Solar Investments in Italy which it claims as having realized in April 2016. The platform has 99 solar plants of 77.2 MW combined capacity.