PARIS: Global infrastructure titan VINCI has sealed a deal to invest approximately €50 million into NatPower SA, the dynamic renewable energy platform known for its vigorous activity in Italy, Great Britain, and the United States since its inception in 2019.
The investment package includes the purchase of a 10% equity share from NatPower’s founding visionary, Fabrizio Zago, and the investment fund Tyrus Capital. Additionally, VINCI has secured convertible bonds that pave the way for an increased stake and a potential future takeover of NatPower SA.
VINCI’s commitment extends beyond mere financial input, as the agreement grants the conglomerate preferential acquisition rights to NatPower’s ready-to-build projects. This symbiotic partnership is set to flourish further with a collaborative pact to co-develop onshore wind and solar ventures in the United States, capitalizing on NatPower’s robust portfolio that boasts around 1.2 GW of operational capacity and a promising 2 GW in the pipeline. A joint venture, steered by VINCI through its subsidiary Cobra IS, is poised for incorporation in the U.S. to drive this initiative.
The alliance also positions VINCI advantageously to delve into energy storage projects, with Great Britain earmarked as a key development region, leveraging NatPower’s seasoned expertise.
NatPower SA stands tall as an independent beacon in the renewable energy sector, orchestrating infrastructural projects that span solar, wind, battery storage, and hydrogen technologies. With a substantial project pipeline, NatPower is steering the energy transition in several nations, including Italy, the UK, the U.S., Kazakhstan, and Chile. From its strategic hubs in Milan, London, and Washington D.C., NatPower’s 70-strong global team is driving innovation across three continents.
VINCI’s global presence in concessions, energy, and construction is marked by a workforce of 280,000 across over 120 countries. Committed to sustainable, socially responsible, and ethical operations, VINCI’s projects are designed to enhance everyday life and mobility. Engaging with stakeholders and fostering dialogue is at the heart of VINCI’s approach to public-interest projects. With this latest investment in NatPower SA, VINCI reaffirms its dedication to shaping a greener future.
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