Renewable energy infrastructure investor True Green Capital Management closed on its controlling investment in Faradae SAS. Faradae is an independent renewable power producer based in Lyon, France, that targets French REITs and other corporate customers for solar installations.
Equity financing was made by TGC’s fourth fund, True Green Capital Fund IV.
“Faradae shares our fundamental belief that distributed solar generation is the most attractive segment of our industry,” said Panos Ninios, managing partner and cofounder of TGC. “Our collaboration paves the way for our rapid development in the distributed solar market in France.”
With its recently closed $660 million Fund IV, TGC targets core distributed renewable generation markets in North America, as well as select markets in the United Kingdom and the European Union. TGC believes its U.S. distributed generation investment experience and capabilities translate well, providing it with a competitive a