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

Ardian has launched its first renewables platform in Spain. 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

Angelique Moss

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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.

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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.

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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.

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(Featured image by distelAPPArath via Pixabay)

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

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Angelique Moss is a London-based entrepreneur, writer, and traveller. The world of business, finance, and technology, is her preferred cup of tea. She also writes about the developments and discussions on health, art, luxury and media. A top writer for several Medium publications, she has published hundreds of widely read articles on investing, stocks, global markets, cannabis, and technology for multiple platforms. She is also interested in culture, history, and social affairs.

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