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Engie to bag 329 MW of wind in Renvico acquisition

The San Gregorio wind farm in Italy. Source: Renvico

December 6 (Renewables Now) - France’s Engie SA (EPA:ENGI) announced on Thursday the acquisition of wind farm manager Renvico Holding from Macquarie Infrastructure and Real Assets (MIRA) and US private equity firm KKR (NYSE:KKR) with its co-investors.

Renvico owns a portfolio containing 187 MW of operating onshore wind farms in France and 142 MW in Italy, with another 300 MW of projects awaiting development.

The acquisition will be sealed once it receives regulatory approval. Financial details have not been disclosed.

Renvico was created in 2015 when a vehicle owned by Macquarie European Infrastructure Fund 4 bought the renewable energy arm of Sorgenia Group.

In mid-April 2019, Reuters reported that a fund run by Australia’s Macquarie Group Ltd (ASX:MQG) was looking to sell Renvico in a deal that could fetch some EUR 400 million (USD 444.3m).

One of the interested parties was Italian utility A2A SpA (BIT:A2A) whose CEO Valerio Camerano told Reuters this September his company had placed a bid for the wind farm specialist.

(EUR 1.0 = USD 1.11)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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