29 April 2019
InfraVia sells to Valorem its participation in Force Hydraulique Antillaise
InfraVia today announces it has agreed to sell to Valorem SA its 49% stake in Force Hydraulique Antillaise SAS (“FHA”), the leading developer and operator of hydro power plants in the French Caribbean islands.
FHA provides essential renewable electricity generation services in the French Caribbean islands, a territory heavily dependent on fossil fuels. With this transaction, Valorem acquires 51% of FHA from InfraVia and its founder
Raphael Gros (who keeps a 49% stake in the company).
InfraVia had invested in FHA in 2010 when the company operated a portfolio of 1MW. Today, FHA owns 10.4MW of small scale operational plants, 6.4MW of ready-to-build assets and has a further pipeline of c.100MW.
For this transaction, InfraVia has been advised by Astris (M&A) and Weil, Gotshal & Manges (legal).