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Cero Generation, a solar portfolio company of Macquarie’s Green Investment Group (GIG), has closed financing on its first corporate power purchase agreement (PPA)-enabled agrivoltaic project in Italy.
20 May 2021 8:26 GMT Updated 20 May 2021 10:01 GMT French utility EDF Renewables and Cero, a start-up portfolio company of Macquarie’s Green Investment Group, have signed a deal to buy agrivoltaic pioneer Green Lighthouse Development (GLHD). GLHD, which has a 2.4GW solar development portfolio in France, specialises on projects with co-located agricultural activity and renewable energy production. Under the agreement, EDF Renewables and Cero will each purchase a 45% stake in GLHD for an undisclosed amount, while the developer’s founders will keep the remaining 10% stake. EDF is a su...
EDF, Cero Generation acquire French agroPV developer with 2.4GW solar portfolio An agrophotovoltaic project from solar developer European Energy in Denmark. Image: European Energy. EDF Renewables has partnered with a new portfolio company of Macquarie’s Green Investment Group to acquire a French agrophotovoltaic developer with a 2.4GW solar portfolio. The deal will see EDF Renewables and Cero Generation each buy a 45% equity stake in Green Lighthouse Development (GLHD), with the remaining 10% owned by the company’s founders. GLHD’s agroPV projects colocate agricultural activity with s...