The fund has entered into a binding agreement to acquire 100% of Sorgenia Green, an Italian and French renewable energy project developer and operator.
Sorgenia Green develops, operates and manages onshore wind sites across France and Italy with its Italian wind business includes a 112MW portfolio of operational wind assets with a further 70MW of projects already permitted. The French wind business is a 50:50 joint venture with KKR Infrastructure and consists of a 165MW portfolio of operational wind assets and a development pipeline of 40MW of projects already permitted.
Edward Beckley, European Head of Macquarie Infrastructure and Real Assets, said: "Sorgenia Green is a quality core infrastructure business operating in countries with growing demand and stable regulatory frameworks for renewable energy. With a significant installed base and geographic diversification, Sorgenia Green has strong development potential with a sizable project pipeline."