Vinci: E50m investment in renewable energies

(CercleFinance.com) - Vinci has invested around E50m in NatPower, a renewable energy development platform active mainly in Italy, the UK and the US.


The investment includes the acquisition of 10% of the company's capital, as well as convertible bonds enabling the group to increase its stake and eventually exercise an option giving it control of NatPower.

As part of this agreement, Vinci will have a priority right on acquisition opportunities for projects in the ready-to-build phase initiated by NatPower.

The parties have also reached an agreement to jointly develop renewable energy projects (mainly onshore wind and solar) in the United States. To this end, a joint venture, controlled by Vinci via its subsidiary Cobra IS, will be set up in the US.

Vinci will also be in a privileged position to develop energy storage projects, notably in the UK.


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