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Transactions - DECEMBER 9, 2019

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Macquarie to sell stake in onshore wind farm developer to ENGIE

by Released

Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 4 (MEIF4), has reached an agreement to sell its interest in Renvico to ENGIE.

Renvico is a developer and operator of onshore wind farms, currently invested in 142 megawatts of installed generation capacity across Italy. In addition, Renvico owns a 50 percent stake in a joint venture with KKR in France, representing a further 187 megawatts of installed onshore wind generation capacity. As part of this transaction, KKR and its co-investors in the French joint venture have also agreed to sell their combined 50 percent stake to ENGIE.

“During MEIF4’s period of investment, Renvico has cemented its reputation as a major player in the European renewables sector — supporting Italy and France as both countries transition to a more sustainable energy mix,” said Leigh Harrison, head of MIRA EMEA. “We are delighted to have played a role in Renvico’s growth story and to have foun

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