Linklaters advises Marguerite on the structuring and launching of a pan-European development platform dedicated to solar photovoltaic projects

Linklaters has advised Marguerite on the structuring and launching of an investment platform dedicated to greenfield solar photovoltaic (PV) projects in which it will invest up to EUR 60m.

Marguerite is a pan-European investor in long-life greenfield and brownfield expansion infrastructure. As the EU strives to meet its 2030 emission reduction targets and the 2050 net zero agenda, the platform aims to establish a portfolio of over 2 GW of developed and in-development projects within the next six years under the leadership of Josef Kastner and Chloé Durieux, two seasoned renewables executives with decades of combined experience in the renewable energy sector. 

The company will develop utility-scale solar PV assets in European countries, including France, Spain, Italy, Germany, Austria and Poland and will prioritise in-house development or co-development with local partners to fully capture the value-creation potential of the development activity and, in some cases, build the infrastructure before selling it to utilities or other investors.
The new platform complements Marguerite II’s investment in ZE Energy, an independent power producer that develops, builds and operates hybrid solar-plus-storage power plants across Europe, in respect of which Linklaters has also advised Marguerite.

The Linklaters team was led from Paris and composed of Energy and Infrastructure partner François April, Corporate M&A counsel Mehdi Boumedine and associate Espérance Ait Bachir, Tax partner Cyril Boussion and associate Philippe Ludwig, Employment Law partner Géric Clomes and associate Cécile Romanin. The offices of Linklaters in Frankfurt, Luxembourg, Madrid, Milan and Warsaw were also involved on certain aspects of the transaction.