Suez and Vauban Infrastructure Partners Strengthen their Partnership with a €1 Billion Investment in France
SUEZ and Vauban Infrastructure Partners, an affiliate of Natixis Investment Managers, announced the creation of “SUEZ Investissement Local” in July. The partnership focuses on financing projects in the water and waste industries, targeting initial funding of €500 million in France by 2025.
Since the announcement, Vauban IP and SUEZ have formalized the partnership. From now on, both groups aim to strengthen collaboration through bolder projects that meet investment needs in the water, wastewater and waste industries (construction or renovation of drinking water and wastewater treatment plants, aste-to-energy plants and facilities specialized in the methanation of organic waste and sewage sludge). They will roll out new infrastructure, which will drive the ecological and social transition forward.
The partnership has identified several projects, both in waste and water industries. First, in waste, some twenty initiatives have been developed, with a focus on using Solid Recovered Fuel (SRF) as well as modernizing and rebuilding sorting centers. Second, in water, more than €1 billion has now been earmarked for Suez Investissement Local investment, driven in particular by large-scale contracts. As a result, the partnership’s budget and ambitions have been given a boost.
This commitment is now reflected in progress made in two regional-focused projects:- the imminent signing of a first project — Biosynergy 76 — that will produce and deliver circular recycling of heat coming from SRF. The initiative seeks to provide sustainable heat to Le Havre’s urban heat network and several port-based industrial sites;
- the development of a project and its tender submission for the city of Nice to modernize and operate the concession of a waste-to-energy plant and nearby sorting center. The project is key to optimizing the region’s waste recovery process and improving the municipality's energy efficiency.
SUEZ Investissement Local’s approach, which is group and partner-focused, leverages the shared expertise of SUEZ’s teams, combining their unrivalled expertise in industry and operations with the financial experience of Vauban Infrastructure Partners. The latter is a long-standing regional investment partner in France with an investment policy that delivers a perfect alignment of interests for stakeholders thanks to its holistic vision and very long-term financing commitment (25 years).
SUEZ and Vauban Infrastructure Partners are stepping up their investment to provide SUEZ Investissement Local with the finances to develop innovative solutions. To this end, Suez Investissement Local will deliver an ambitious set of sustainable local infrastructure initiatives for the benefit of infrastructure user-citizens with a commitment to innovation and competitiveness.
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Since the end of the 19th century, SUEZ has built expertise aimed at helping people to constantly improve their quality of life by protecting their health and supporting economic growth. With an active presence on five continents, SUEZ and its 90,000 employees strive to preserve our environment’s natural capital: water, soil, and air. SUEZ provides innovative and resilient solutions in water management, waste recovery, site remediation and air treatment, optimizing municipalities’ and industries’ resource management through “smart” cities and improving their environmental and economic performance. The Group delivers sanitation services to 64 million people and produces 7.1 billion m3 of drinking water. SUEZ is also a contributor to economic growth, with more than 200,000 jobs created directly and indirectly on an annual basis, and a provider of new resources, with 4.2 million tons of secondary raw materials produced. By 2030, the Group is targeting 100% sustainable solutions, with a positive impact on our environment, health and climate. SUEZ generated total revenue of €18.0 billion in 2019.
About Vauban Infrastructure Partners
Vauban Infrastructure Partners is a leading Infrastructure Asset Manager focused on European core infrastructure investments. Based in Paris & Luxembourg, it employs 39 professionals working together since a decade. Vauban targets predominantly brownfield mid-market sustainable investments pursuing a long-term yield driven strategy matching the underlying nature of assets and long-term commitment to all stakeholders’ interest through a strong focus on creating sustainable value. Vauban has raised c. €4 billion across 6 funds in Core infrastructure from over 47 investors within 10 different countries; and has invested in over 50 assets in mobility, energy transition, social & digital infrastructure across 8 different geographies. https://vauban-ip.com/
Vauban Infrastructure Partners
Affiliate of Natixis Investment Managers
Société en Commandite par Actions – Limited Partnership by shares
Share capital : €10 076 680.20
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP – 19000044
RCS Paris 833 488 778
115 Rue Montmartre
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.