Marguerite will invest €60 million in new European photovoltaic projects?

       Marguerite, a Luxembourg-based infrastructure investor, intends to invest up to €60 million in the launch of a greenfield solar PV investment platform. Marguerite, its newest fund, will make the investment.

　　Over the next six years, the platform hopes to build a portfolio of over 2GW of developed and in-development projects. Marguerite plans to build utility-scale solar PV assets in France, Spain, Italy, Germany, Austria, and Poland.

　　Marguerite will prioritise in-house development or co-development with local partners and, in some cases, build the infrastructure before selling it to utilities or other investors.

　　The company said the investment aligns with its strategy to invest in “infrastructure that intrinsically contributes to climate change mitigation and adaptation”. Additionally, the platform complements Marguerite II’s investment in ZE Energy, an independent power producer that develops, builds and operates hybrid solar-plus-storage power plants across Europe."Our decision to invest in this platform was based on the fact that this market benefits from high premiums for ready-to-build assets, and an agile approach is critical to respond quickly to changes in market conditions and take advantage of new opportunities as they arise," said Guillaume Rivron, partner at Marguerite.

　　Josef Kastner and Chloé Durieux, both veterans of the renewables industry, will lead the platform.