VINCI invests in NatPower SA and forms joint venture to develop renewables in the United States

Type: Investment · Technology: Onshore Wind, Solar, Storage · Country: United States · Value: EUR 50M · Announced: 2024-04-15

VINCI made an approximately €50 million investment to acquire 10% of NatPower SA plus convertible bonds, secured priority rights to ready-to-build projects, and agreed to incorporate a JV controlled by VINCI's Cobra IS to jointly develop onshore wind and solar projects (and explore storage) in the United States.

Counterparties

• Vinci (Investor)
• Fabrizio Zago (Seller)
• NatPower SA (Target)
• Cobra IS (Developer)
• Tyrus Capital (Seller)

Source article

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