Demeter 4 INFRA acquires Infravia Capital’s stake into two roof-mounted PV investments

Demeter Partners has announced the acquisition by Demeter 4 INFRA of Infravia Capital Partners’ investments into Société de Partenariat Solaire (SOPARSOL), and Centrales Photovoltaïques en Toitures n°1 (TECTA), two special purpose companies detaining respectively 13.5 MW and 8 MW of roofmounted photovoltaic (PV) plants.

SOPARSOL's portfolio is composed of six PV plants installed in commercial centers operated by Casino Group. Four of those plants are located on La Réunion island (Saint-André, le Port, Savannah and Saint-Benoît), one in Mayotte (Mamoudzou), and one in Istres (South of France). The portfolio’s cumulated capacity is 13.5 MW.

The plants have been developed by Green Yellow (a subsidiary of Casino Group) and are installed on the roof-top of commercial centers and their park shelters. The plants are in operation since 2010 and benefit from a feed-in tariff with EDF.

Maintenance is performed by Schneider Electric and by SMAC, under the supervision of a full-time employee of the special purpose company.

TECTA's portfolio is composed of eleven PV plants installed on industrial buildings, commercial buildings or municipal buildings in the South of France. The portfolio’s cumulated capacity is 8 MWh.

The plants have been developed by EDF EN. They are in operation since 2011 and benefit from a feed-in tariff with EDF. The operation and maintenance of the plants if performed by EDF ENR Solaire and EDF EN Services.

Philippe Detours, Infrastructure Partner at Demeter Partners, stated:

“Soparsol and Tecta are Demeter 4 INFRA’s 4th and 5th investments. They complement the Fund’s photovoltaic portfolio, which is now close to 30 MW in operation. Those investments are in line with the Fund’s investment strategy: targeting quality projects, optimizing the risk / return profile, and keeping a strong focus on the ability of our portfolio of assets to pay recurrent distributions to our LPs.”

Sophie Paturle, Managing Partner at Demeter Partners, commented:

“We have now built a substantial portfolio of assets for the Fund. We are diversifying our risk by investing in the overseas territories. Those nonconnected islands have an important need in new, carbon-free, sources of energy. With those two new investments, Demeter 4 INFRA is confirming its involvement in the ecological transition.”