SUSI Partners, through the SUSI Energy Transition Fund, has acquired a majority stake in newly formed APAL MW (APAL). APAL is a French clean energy development company born out of the merger of French wind and solar developers 3N Développement and L’Agence de Développement des ENR. With this transaction, the fund establishes a presence in another core European market poised to rapidly expand its renewable energy generation capacities.
APAL aims to establish itself as an independent power producer while continuing its development activities on behalf of third parties in the medium term. Collectively, the group has to date originated and is developing over 800MW of utility-scale onshore wind and solar photovoltaic projects. It also has the potential to expand into further sectors of the clean energy market such as battery energy storage and rooftop solar PV in the future. Through SETF, SUSI looks to advance the growth of asset investment platforms and management-led businesses across the energy transition sector and has already built a well-diversified portfolio with activities in clean energy generation, energy efficiency, energy storage, and integrated customer energy solutions. APAL represents the fund’s eighth portfolio company overall, adding to platforms established in Italy and Poland that are complemented by non-European investments in the US, Australia, and Chile.
Credits: renews.biz [Image: SUSI Partners]
