Macquarie consortium pays $2.7b for Reden Solar
Transactions - MARCH 9, 2022

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Macquarie consortium pays $2.7b for Reden Solar

by Kali Persall

A Macquarie-led consortium consisting of British Columbia Investment Management Corporation (BCI) and MEAG, has agreed to acquire Reden Solar from InfraVia Capital Partners and Eurazeo for an enterprise value of €2.5 billion ($2.7 billion).

Reden Solar develops, finances, builds and operates solar power plants across Europe and Latin America. The company has a 762-megawatt operational portfolio and a 15-gigawatt development pipeline. Reden Solar has established a presence in France and Spain as core markets, and recently expanded its footprint into Greece and Italy.

Macquarie’s stake in the company will be acquired on behalf of institutional investors via its Macquarie Global Infrastructure Fund and Macquarie Green Investment Group Renewable Energy Fund 2.

“We are delighted to have Macquarie, BCI and MEAG support the next phase of our growth ambitions,” said Thierry Carcel, CEO of Reden Solar. “Our business is continually evolving from predominantly ro

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