Marguerite, a company dedicated to investing in greenfield solar photovoltaic projects, plans to invest up to €60 million in an investment platform.
Led by industry veterans Josef Kastner and Chloe Durieux, the platform aims to establish a portfolio of more than 2 GW of developed and in-development projects within the next six years.
The company will focus on developing utility-scale solar PV assets in several European countries, including France, Spain, Italy, Germany, Austria, and Poland.
“The rationale behind our decision to invest in this platform was 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.
“There is a substantial amount of investment required in this sector, but there is a lack of focus on the initial part of the value chain: the development of projects. Our partnership with Josef and Chloe, combined with our European presence and sector knowledge, will allow us to quickly adapt to this market and invest in high-quality assets that will generate substantial value for our investors and future clients,” Rivron added.
