REDEN SOLAR

Reden Solar is utility-scale photovoltaic power generation platform

Acquisition

February 2017

Current investment

Sector

Energy

Country

France

Fund

Infrastructure III

Reden Solar is a utility-scale platform, anchored in Europe, which develops, builds or acquires, finances, owns and operates PV power generation plants in France, Southern Europe and Latam.

We invested in Reden Solar in 2017 alongside Eurazeo and transformed the business into a pure photovoltaic PV player, fostering acceleration in an attractive high-growth sector. As a vertically integrated developer and operator, Reden Solar captures the value created throughout the supply chain (from development to long-term ownership). It is also a resilient business with strong cash-flow visibility, as revenue are primarily deriving from fully contracted operating assets.

Within 5 years, Reden increased its installed capacity 7x, expanded its geographical presence in 5 new markets and developed a strong actionable pipeline (in GW).

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