SMART ENERGIES AND RGREEN INVEST JOIN FORCES TO ACCELERATE SOLAR ROOFING

French photovoltaic pioneer and specialist of solar roofs and parking lot installations, Smart Energies, brings an investor on board for the first time.

Independent investment company RGREEN INVEST, specialized in green infrastructure and renewable energy financing, is injecting €20 million through its INFRAGREEN IV fund by which it acquires 25% of Smart Energies Transition (SET) – Smart Energies’s IPP pure-player dedicated to developing, financing, building and operating solar rooftop and parking installations.

Smart Energies Transition (50 people) already has 30 MW in service, while the group currently boasts a hundred in total. Coming in, RGREEN INVESTS brings the equity for 100 to 150 MW of additional solar roofs in the next two years, explains Vianney de l’Estang, CEO of Smart Energies. In France, namely, where the recent “500 kW” tariff decree (up from the previous 100kW) now facilitates access to more powerful installations, thus opening possibilities to upscale and accelerate solar energy’s deployment.