MIRA unveils Renvico sale to Engie

05 December 2019 - 12:00 am UTC

Macquarie Infrastructure and Real Assets and KKR Infrastructure have agreed to sell Franco-Italian renewable energy company Renvico to Engie, MIRA announced this afternoon (5 December).

Renvico, formerly called Sorgenia Green, has a 329 MW operating onshore wind farms portfolio.

It owns 142 MW of installed capacity in Italy and has a 50% stake in a joint venture with KKR in France that owns a further 187 MW of operatings assets.

MIRA owns its stake in the business through Macquarie European Infrastructure Fund 4.

Leigh Harrison, head of EMEA at MIRA, said; “During MEIF4’s period of investment, Renvico has cemented its reputation as a major player in the European renewables sector – supporting Italy and France as both countries transition to a more sustainable energy mix. We are delighted to have played a role in Renvico’s growth story and to have found a new owner who will oversee its continued development.”

When MEIF4 acquired Renvico, the business managed stakes in 277 MW of installed onshore wind generation capacity. Since then, Renvico’s portfolio has grown to 329 MW, with an additional pipeline of more than 300 MW under development.

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