Ardian prepares its jump to renewables sector with €4 billion ready in its portfolio

Ardian, a leading infrastructure fund, has just launched its first renewables platform in Spain to consolidate its growth in this segment. The French investment institution has set up AGR-AM, with which it intends to integrate the management of all the investments it makes in the segments linked to the energy transition in both the Iberian Peninsula and Latin America.

The platform is led by Santiago Varela and currently has a team of nine people with more than 15 years of experience in the sector.

Varela has worked in the general development department of Ferrovial and has held various positions of responsibility at Cintra. In 2002 he joined Grupo Azvi, where he developed Cointer, an infrastructure concessionaire with operations in Spain and Latin America. In 2007 he joined Isolux to create and lead the Isolux Infrastructure project. Throughout his career he has also collaborated with different investment funds advising them in their acquisitions.

Read more on the subject and find other business headlines with the Born2Invest mobile app.

AGR-AM will support Ardian in the identification of these new opportunities

The new CEO of AGR-AM will work in coordination with Juan Angoitia, Ardian Infrastructure’s co-head of Europe.

AGR-AM will support Ardian in identifying these new opportunities and will replicate a model that has already been implemented in other geographies such as Italy, the Nordic countries, and the United States.

Ardian currently has 660 MW of renewable energy in Spain and 100 MW in Latin America. By technology, 283 MW are photovoltaic and 477 MW wind. All of them are regulated. Most of the purchase operations of these assets date back to 2018 and 2019 in which the fund bought 4New, Novasol, ASR Wind, Ausines or Parrot, to create the foundations of its current platform.

Ardian has made investments in renewables from its Fund V

According to close sources, the fund’s intention is to be able to grow in renewables in addition to entering into storage or hydrogen businesses as another of the development vectors as long as the returns pursued by the fund are achieved.

AGR-AM is also preparing several hybridization projects for renewable energy plants with the intention of submitting them to the programs of the Recovery and Resilience Plan, and its approach to the sector is focused more on the search for value than on constantly increasing renewable power.

Ardian has made investments in renewables from its Fund V, which started with a capacity of 6.5 billion euros and of which it has consumed about 30%. Thus, the group has nearly 4,000 million in its portfolio to be able to look for operations in renewables and infrastructure over the next few years and with a long maturity horizon, since its maturity date is 2034.

The company is in contact with developers and is closely monitoring the sales processes that are currently open in the search for growth opportunities for this new platform in an increasingly competitive market.

__

(Featured image by distelAPPArath via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in elEconomista, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.