French state-owned power utility EDF and UK-based renewable energy developer Cero Generation, a unit of Green Investment Group (GIG), which is itself part of Australia-based venture capital fund Macquarie, have each acquired a 45% stake in France-based agrivoltaic specialist Green Lighthouse Development (GLHD) for an undisclosed sum.
EDF said the transaction was made through a private share placement and that GLHD's founders will maintain a 10% share in the company, which currently owns an agrivoltaic project portfolio in France of around 2.4 GW.
“EDF Renouvelables enthusiastically welcomes the prospect of investing in Green Lighthouse Development, a company ideally positioned to make the most of the emerging agrivoltaic market,” said Nicolas Couderc, Director France of EDF Renouvelables. “The shared experience of Cero Generation and EDF Renouvelables will help GLHD to become a major player in agrivoltaics in France.“
Popular content
Cero Generation has a PV portfolio of 8 GW spread across 150 projects located in the U.K., Italy, Spain, Poland, France and the Netherlands.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
4 comments
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.