In a sector that requires significant financial resources and therefore a strong capital structure, Reden Solar builds and operates solar PV plants in Europe (France, Spain, Italy, Greece and Portugal in particular) and in Latin America (Chile, Mexico and Puerto Rico), i.e. a fleet of 762 MW.
“We are delighted that Macquarie, BCI and MEAG are supporting the next phase of our growth ambitions. Our business is constantly evolving, moving from rooftop solar to ground and agricultural voltage projects. Thierry Carsell, current CEO of Reden Solar, said in the press release: With the support of our new shareholders, we want to expand Reden Solar’s presence in existing and new markets, while at the same time developing our teams in this field.”
‘Exceptional opportunity’
Founded in Australia, the Macquarie Group, to which Macquarie Asset Management belongs, is one of the world’s leading developers of renewable energies, having invested nearly €40 billion in green energies since 2010 through 50 gigawatts of projects under development, under construction and in the process all over the world. The group employs 17,000 people worldwide.
BCI, headquartered in Victoria, British Columbia, has C$199.6 billion in assets under management as of March 31, 2021 and is touted as one of Canada’s largest institutional investors. Finally, Munich-based Meag has a portfolio currently valued at €339 billion, of which €65 billion is linked to institutional investors and private clients.
Stéphane Bremont, President of France, Benelux and Greece at Macquarie Asset Management, welcomed the announcement of this acquisition: “Reden Solar’s diverse geographic coverage provides an exceptional opportunity to ramp up its development pipeline. To help achieve net-zero emissions targets across Europe. We are excited that We will be able to support them in the long term, in order to develop their activity and improve their contribution to a low carbon economy.”
