Asset management company Infranity, which specialises in sustainable infrastructure investments, has finalised its first operation in Spain with the acquisition of a portfolio of three solar PV power plants located both in our country and in Portugal. The total portfolio capacity is 58 megawatts, a figure which could increase to 78 megawatts if Infranity finally acquires six further plants, and for which a preliminary agreement has already been reached.

Both the three plants included in this initial agreement signed in December and the other six that could expand Infranity’s portfolio in Spain are in full operation. Another factor that has attracted the company’s attention is the sound balance between commercial and contracted income, which will enable it to benefit from the current market dynamics while hedging its long-term exposure.

Social and environmental impact
The investment will also serve to diversify the investment portfolio of the company, which forms part of the Italian group Generali, and to strengthen its commitment through the implementation of responsible and sustainable infrastructure projects. The social and environmental impact of this transaction builds on the company's belief in the solid foundations and resilience of the Iberian solar market in the current social and financial environment, thereby contributing to both local and European energy transition goals.

Infranity's managing partner, Alban de La Selle, stated that, “We are proud to support the growth of a renewable energy platform with an attractive risk-return profile for our investors. This transaction further supports Infranity’s commitment to investing in sustainable energy infrastructure that supports the energy transition. This transaction also comes at a time when Infranity has taken significant steps to grow its equity business with a series of new contracts”.

Attractive returns
The former owner of the portfolio is a fund managed by Foresight, a UK private equity and infrastructure investment manager. Specialising in ESG (responsible social investment), it manages over 350 infrastructure assets, which include the solar and onshore wind portfolios.

The company’s managing director in Iberia, Carlos Rey Micolau, explained, “We’re delighted to announce our first investment in Iberia. We've been able to offer our investors attractive returns, and to raise the profile of Foresight’s proposition on energy and infrastructure markets”.

^{Photo: Infranity}