Prosolia Energy has established a strategic alliance with InfraViaa European infrastructure investor, by acquiring a majority stake. The objective of this operation, which was announced by ‘elEconomista.es’ on September 19is to accelerate its international expansion and strengthen its position as a provider of clean energy for industrial companies, reported the independent power producer (IPP).
Specifically, as part of this agreement, InfraVia has acquired a majority stake in Prosolia International, the parent company of Prosolia Energy. In addition, Infravia will inject the necessary investment to support its global business plan and expansion.
Furthermore, within its European development strategy, Prosolia, an energy company based in the Valencian Community, will acquire the significant minority stake that Capenergie 4an investment fund managed by investment firm Omnes Capital, owns Prosomnes, a joint venture established in 2020 to develop large-scale photovoltaic projects across Europe.
Currently, this Prosomnes firm has about 212 megawatts (MW) of projects operational or under construction, with an additional 1.8 gigawatts (GW) in development.
In this operation, Prosolia has had the advice of Lazard (financial advisor) and Linklaters (legal adviser). At the same time, InfraVia has been assisted by A&O Shearman (legal adviser).
On the other hand, Prosolia’s current management team, led by its founders, will maintain a significant stake in the company. In this way, it will continue to lead its next phase of growth, leveraging InfraVia’s experience and financial support to expand into new international markets and expand its clean energy portfolio.
Prosolia currently manages a portfolio of approximately 343 megawatts (MW) in distributed and large-scale generation projects, whether operational or in the construction phase. Likewise, it is actively developing new projects for more than 3.7 gigawatts (GW) in Spain, Portugal, France, Italy and Germany.
The CEO of Prosolia Energy, JAvier Martínez, considered that this agreement provides “a new impetus” to expand the company’s business as an independent energy producer into new markets and “reinforces confidence” in the long-term vision for the renewable energy sector.
“We welcome our new partner, InfraVia, and look forward to reaching new milestones together as we drive the global energy transition together with our customers,” he said.
For his part, Bruno Candes, partner at InfraVia, highlighted the firm’s second investment in renewables this year and assured that it demonstrates the commitment to “create leaders in this field to support the energy transition.”
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