TTR Energy partners with five institutional investors to create independent electricity producer Hexagon Renewable Energy and acquire a portfolio of 19 wind projects in France
TTR Energy, Crédit Mutuel Capital Privé, Banque des Territoires, Amundi Transition Energétique, Generali Global Infrastructure and Mirova, an affiliate of Natixis Investment Managers, today announced the creation of Hexagon Renewable Energy SA (Hexagon Energy). The new entity is an independent electricity producer that will be managed by TTR Energy, a developer, operator and investor that has been active in the renewables sector for 12 years and recently acquired a portfolio of 19 wind projects located across France, representing capacity of more than 770 MW.
The wind farm portfolio comprises:
TTR Energy’s exclusive financial advisor is Elm Capital, an advisory firm specialising in alternative investments.
TTR Energy, which has made a significant investment in the initiative together with the other investors, is solely responsible for the management of Hexagon Energy.
Based in Brussels and Reims, TTR Energy is an operator and developer of renewable energy projects, which invests alongside its financial partners. Over a number of years, TTR Energy has built 28 wind farms with a total capacity of 456 MW. Its small, multidisciplinary team looks after the identification, development, optimisation, financing, construction and management of assets in the renewables sector.
Gauthier De Potter, founder and co-CEO of TTR Energy, warmly welcomed the transaction, saying: “TTR’s philosophy is to accelerate the energy transition by joining forces with flexible and independent partners. The group behind Hexagon Energy, which consists of shareholders that are strongly committed to renewable energies, is a perfect fit with our mission. Hexagon Energy offers an alternative to the centralised approach of large groups through its strong focus on local relationship and partnerships with local authorities. This cooperative approach helps maximise production while minimising any issues, by adapting projects to the specific characteristics of the location and local expectations”. Bertrand Ghez, Deputy CEO of Crédit Mutuel Capital Privé added: “The investment in Hexagon Energy inaugurates our new fund Siloé Infrastructures and is a major transaction that reflects our aim of contributing to the energy transition, carbon reduction and regional development in France”.
Emmanuel Legrand, Head of the Energy and Ecological Transition at Banque des Territoires commented: “We are delighted to support the growth of TTR Energy, a renewable energy developer with a significant presence across France. With this new project, we are investing in the roll out of several hundred MW of greenfield projects, to help create more sustainable territories. Banque des Territoires is fully committed to this project, as part of the Caisse des Dépôts group’s recovery plan, which has made the energy and ecological transition one of its priorities”.
Matthieu Poisson, CEO of Amundi Transition Energétique said: “Amundi Transition Energétique is proud to support the development of this portfolio of mainly greenfield initiatives, and as such to contribute to the energy transition over the long term. This investment in French wind farms will enhance and diversify the Amundi Transition Energétique portfolio, which - in terms of the wind sector - was previously invested solely in international projects”.
Alban de La Selle, Chief Investment Officer of Generali Global Infrastructure commented: “We are very happy to support this new renewable energy producer, which we believe has a very bright future ahead of it. This transaction represents an excellent opportunity for our investors to directly associate themselves with the energy transition and to benefit from steady returns over the long term. It is also a new transaction for Generali Global Infrastructure that is fully in line with its policy of supporting green energy”.
Raphaël Lance, Head of Energy Transition funds at Mirova said: “We are delighted to participate in the creation of this new green energy producer through our energy transition fund Mirova Eurofideme IV1. Since its launch in 2019, this fund has participated in the financing of some 20 investments representing 2.6 GW of renewable energy production capacity. Thanks to the technical expertise and know-how demonstrated by TTR in previous tender bids, we are confident that it will be able to build a high-quality wind portfolio and make this partnership a success for all stakeholders”.
1 Mirova-Eurofideme 4 is a Société de Libre Partenariat (SLP) governed by French law, closed to new investment. Mirova is the management company. This fund is not subject to approval by a supervisory authority.
Mirova
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
Registered Office: 59, Avenue Pierre Mendes France – 75013 – Paris.
www.mirova.com
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com
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.
Copyright © 2021 Natixis Investment Managers S.A. – All rights reserved.
The wind farm portfolio comprises:
- projects already in operation: 112 MW
- projects under construction: 13.2 MW
- projects with a green light and construction pending 206.1 MW
- projects in the development phase: 439 MW
TTR Energy’s exclusive financial advisor is Elm Capital, an advisory firm specialising in alternative investments.
TTR Energy, which has made a significant investment in the initiative together with the other investors, is solely responsible for the management of Hexagon Energy.
Based in Brussels and Reims, TTR Energy is an operator and developer of renewable energy projects, which invests alongside its financial partners. Over a number of years, TTR Energy has built 28 wind farms with a total capacity of 456 MW. Its small, multidisciplinary team looks after the identification, development, optimisation, financing, construction and management of assets in the renewables sector.
Gauthier De Potter, founder and co-CEO of TTR Energy, warmly welcomed the transaction, saying: “TTR’s philosophy is to accelerate the energy transition by joining forces with flexible and independent partners. The group behind Hexagon Energy, which consists of shareholders that are strongly committed to renewable energies, is a perfect fit with our mission. Hexagon Energy offers an alternative to the centralised approach of large groups through its strong focus on local relationship and partnerships with local authorities. This cooperative approach helps maximise production while minimising any issues, by adapting projects to the specific characteristics of the location and local expectations”. Bertrand Ghez, Deputy CEO of Crédit Mutuel Capital Privé added: “The investment in Hexagon Energy inaugurates our new fund Siloé Infrastructures and is a major transaction that reflects our aim of contributing to the energy transition, carbon reduction and regional development in France”.
Emmanuel Legrand, Head of the Energy and Ecological Transition at Banque des Territoires commented: “We are delighted to support the growth of TTR Energy, a renewable energy developer with a significant presence across France. With this new project, we are investing in the roll out of several hundred MW of greenfield projects, to help create more sustainable territories. Banque des Territoires is fully committed to this project, as part of the Caisse des Dépôts group’s recovery plan, which has made the energy and ecological transition one of its priorities”.
Matthieu Poisson, CEO of Amundi Transition Energétique said: “Amundi Transition Energétique is proud to support the development of this portfolio of mainly greenfield initiatives, and as such to contribute to the energy transition over the long term. This investment in French wind farms will enhance and diversify the Amundi Transition Energétique portfolio, which - in terms of the wind sector - was previously invested solely in international projects”.
Alban de La Selle, Chief Investment Officer of Generali Global Infrastructure commented: “We are very happy to support this new renewable energy producer, which we believe has a very bright future ahead of it. This transaction represents an excellent opportunity for our investors to directly associate themselves with the energy transition and to benefit from steady returns over the long term. It is also a new transaction for Generali Global Infrastructure that is fully in line with its policy of supporting green energy”.
Raphaël Lance, Head of Energy Transition funds at Mirova said: “We are delighted to participate in the creation of this new green energy producer through our energy transition fund Mirova Eurofideme IV1. Since its launch in 2019, this fund has participated in the financing of some 20 investments representing 2.6 GW of renewable energy production capacity. Thanks to the technical expertise and know-how demonstrated by TTR in previous tender bids, we are confident that it will be able to build a high-quality wind portfolio and make this partnership a success for all stakeholders”.
Mirova
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
Registered Office: 59, Avenue Pierre Mendes France – 75013 – Paris.
www.mirova.com
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com
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.
Copyright © 2021 Natixis Investment Managers S.A. – All rights reserved.