Aug 17, 2022
Best M&A Consulting of the Year Award
As we are still in the early stages of our journey to transform project origination, this award acts for us as an energizer while at the same time we feel humble as we received it on the same stage as companies like EDF Renouvelables or Sungrow Power Supply Co., Ltd..
In 2021 we closed 207 MW in 5 countries and signed 2 strategic partnership agreements, with Total Eren covering all markets where they are active (mainly emerging markets) and Technique Solaire covering mid-size solar projects in India. Our largest transaction so far is the Battambang project, a 72MW grid-connected solar farm in Cambodia acquired by Total Eren, today in operation. Currently we have around 1.2GW under discussion in 6 countries.
Among our flagship projects, we also originated last year for AMEA Power their Zina project, a 26 MW grid connected solar plant in Burkina Faso, which is now financially closed with IFC and EAIF, and currently in construction. We are very proud of this transaction as we were able to contribute, even if only a little, to the acceleration of the energy transition in Africa and to the growth of a renewable IPP from the UAE, where we are also based, whose achievements and team we admire.
Today 300GW/y of renewable are installed globally. Tomorrow it will be 1TW/y, and to stay below 2°C, in addition to drastically reduce our energy consumption through electrification, energy efficiency, and restructuring our social organizations and activities, this number will roughly have to keep going until 2050. This represents a massive number of projects which need to be delivered, in all grids around the world.
Project origination will take a growing importance as the number of markets increase, as well as their size, each with its own regulatory framework, culture, stakeholders, challenges and opportunities. This fragmentation and diversity oblige investors to spend a tremendous amount of time to find the right transactions, but they still need to act fast to secure projects.
We will try our best through our activities to contribute to addressing this situation : our goal is to ease project identification, market understanding and negotiations for investors, while providing to project owners a transparent environment for their negotiations.
Project owners are always welcomed to contact us to discuss their projects. We're also happy to be in touch with independent originators with a strong experience in energy interested in joining our network. Soon we will be officially launching our digital platform so stay tuned!