CONQUEST Asset Management has completed, on behalf of the Sustainable Infrastructure fund it manages, the financing of its solar photovoltaic assets portfolio. The transaction was closed with a major financial institution following a competitive selection process.
Prior to this transaction, CONQUEST had increased the size of its assets under management to circa 70 megawatts as a result of three transactions closed in less than a year. This portfolio, located in the South of France, benefits from up to 20-year secured and inflation-linked power purchase agreements from local incumbent utility EDF.
“The financing market remains competitive across Western Europe for sustainable infrastructure. We are pleased with the outcome of this process and the quality of the project finance lenders and teams we managed to attract, which confirmed the quality of the underlying portfolio and its bankability to optimize our investors’ return. We eventually selected La Banque Postale and are looking forward to working with them and to building our relationship further,” said Emma Barnes, a director at CONQUEST Group.
CONQUEST continues to deliver its alternative investment strategy targeting sustainable infrastructure real assets in Western Europe. CONQUEST has secured to date a proprietary pipeline of greenfield, ready-to-build and operating investment opportunities, as a result of its privileged industrial network and tight connections with the industry. These investment opportunities mirror the fund’s investment strategy with a diversified array of assets (renewables, energy storage, transmission & distribution, and energy efficiency) serving long-term superior returns to institutional investors via less correlated, inflation-linked assets while addressing their sustainable finance targets.
CONQUEST Asset Management is part of CONQUEST Group, an independent investment management and financial advisory firm with significant expertise in a broad range of international transactions and strategic situations.
