The transaction, consisting of shares and convertible bonds, will cover Italy, Germany, France, Spain, Portugal, Poland and Croatia. RP Global aims to deploy 2.5 GWp of sustainable energy over the next five years.
Paris-based asset management company Mirova has announced a total investment of €480 million519 million) in Austrian renewable energy developer RP Global.
Founded in 1984, Vienna and Madrid-based RP Global has a development portfolio of more than 14 GWp, mainly photovoltaics, wind and storage. The transaction covers seven markets: Italy, Germany, France, Spain, Portugal, Poland and Croatia.
The two players have been working together since 2015, mainly in the field of project management. This financing marks a further step in their collaboration. The transaction will be executed through the Mirova Energy Transition 6 (MET6) fund, Mirova’s sixth fund dedicated to energy transition infrastructure, which will invest €200 million, allowing another co-investment vehicle managed by Mirova to invest €280 million. MET6 thus becomes a strategic minority shareholder of RP Global, allowing it to acquire IPP status.
“Mirova’s entry will help us accelerate our efforts to build sustainable infrastructure across the region and build an IPP of critical size,” said Gerhard Matzinger, CEO of RP Global, which aims to build solar , to commission wind and storage assets totaling more than 2,500 MWp of installed capacity over the next five years.
The company is also working on several hybrid assets. In France, RP Global launched in 2008 and currently employs a team of 37 people based in Lille, Bordeaux and Avignon. It has developed and constructed more than 200 MW of generating assets to date, mainly wind, and has a solar and wind pipeline of 1.3 GW in various stages of development.
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