Banca March has presented March SolEnergy FCRE, an innovative initiative resulting from a partnership with Alantra Solar that aims to create a diversified platform comprising more than 40 photovoltaic plants located in Spain and Italy.
This project stands out not only for its magnitude, with a total capacity of 1.8 GW, but also for its focus on battery hybridization, a leading technology in the industry. Banca March, together with its customers, is committed to contributing 50 million euros to this commitment to innovation.
The key to the participation of strategic investors
With the establishment of a European Venture Capital Fund (ERCF) in the form of a public limited company, Banca March and its co-investor clients will jointly provide capital. This investment structure is created in parallel to that of Alantra. Alantra This investment structure is created in parallel to Alantra’s, allowing the participation of strategic investors such as Reichmuth Infrastructure and Amundi Energy Transition.
The company N-Sun Energy S.L. will play a crucial role in this endeavor, as it will be in charge of progressively acquiring the photovoltaic plants, located mostly in Italy (approximately 70%) and to a lesser extent in Spain (about 30%).
These markets are considered benchmarks in the field of solar energy, and the plants, already identified and under exclusivity, will be incorporated into the portfolio in their Ready to Build (RTB) phase, marking a significant step towards the materialization of the project.
March SolEnergy FCRE: new project of Banca March
This co-investment project emerges from a strategic alliance between Banca March and Alantra Solar, selecting the latter as a preferred partner for its unique combination of financial and industrial expertise.
Also Solarig as an important partner, will lead the financing process of the project. This collaboration ensures expert management of facility development, with the expectation that the latest projects will reach RTB status before the close of 2025.
The total estimated investment for the platform amounts to EUR 1.7 billion, with EUR 700 million earmarked for equity instruments and the remaining EUR 1 billion for debt. This financial effort demonstrates the scope and ambition of the project, marking a significant milestone in the renewable energy sector.
The launch of March SolEnergy FCRE
This reflects Banca March’s continued commitment to the principles of sustainability and carbon neutrality, aligning with the objectives of the European Union’s Green Pact. Over the years, the company has been a pioneer in offering innovative solutions and investment alternatives that harmonize sustainability with profitability.
Finally, the co-investment philosophy has become a hallmark for Banca March, reflecting its commitment to the alignment of interests between the bank and its clients. Through its institutional SICAVs and non-listed co-investment vehicles, Banca March has co-invested with more than 9,000 clients, committing more than 2,640 million euros in illiquid assets with more than 2,100 co-investors.
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Source: energetica21.com
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