Infrastructure asset manager Infranity is investing in Terre et Lac, a regional developer and producer of photovoltaic energy in France.
The infrastructure business of Generali Investments said it has agreed to become a significant minority shareholder in Terre et Lac alongside the company鈥檚 founding team.
With the support and funding from Infranity, Terre et Lac expects to continue its growth and renewable energy deployment plans.
Established in 2009, Terre et Lac is an independent French solar energy producer, developing and operating photovoltaic solutions from residential rooftop solar to ground-mounted solar all across France with 80 professionals.
Since its inception, Terre et Lac has developed, built, and operated over 400MW of solar plants. With its extensive pipeline of projects, it is poised to reach a capacity of 1GW by 2030.
Romain Le M茅linaidre, executive director in charge of the equity investment team at Infranity, said: 鈥淭erre et Lac has now a proven track record in developing solar projects and we are proud to have built this long-term partnership with such an experienced team.
鈥淲e have been impressed by the quality of the existing asset base and the company鈥檚 existing skills across the entire chain of solar solutions development. Infranity will help this platform in its next phase which represents a natural fit with our investment strategy.鈥�
Pierre-Emmanuel Martin, president and founder of Terre et Lac, said: 鈥淲e are pleased to partner with Infranity, a committed player who understands the originality of our integrated, responsible and sustainable model. Together, we will be able to grow and accelerate our development, in the service of the energy transition of the territories.鈥�
S茅bastien Fenet, CEO of Terre et Lac, said: 鈥漌e are proud to welcome Infranity to our side, with whom we share common values and ambition: to accelerate the growth of Terre et Lac while preserving its model, which is based on proximity to local stakeholders, consideration of environmental and social issues and a constant search for operational excellence.鈥�
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