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April 5, 2019

DIF divests stake in French solar plants to Terres d’Energie

Independent infrastructure fund manager DIF has announced that it has divested its stake in its DIF Infrastructure III and IV projects, a portfolio of 29 French solar plants to Terres d’Energie.

Independent infrastructure fund manager DIF has announced that it has divested its stake in its DIF Infrastructure III and IV projects, a portfolio of 29 French solar plants to Terres d’Energie.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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Financial details of the transaction have not been divulged by either of the companies.

DIF head of exits Andrew Freeman said: “We are pleased with the completion of the sale of the Portfolio that was successfully optimised throughout the life of the assets, starting with acquiring individual projects or small portfolios, bringing some of them through construction, completing refinancings of two sub-portfolios in 2016 and 2017, contracting and then exiting via a competitive portfolio sales process.”

“The majority shareholder of Terres d’Energie is Tenergie, a French independent power producer that focuses on renewable energy.”

The majority shareholder of Terres d’Energie is Tenergie, a French independent power producer that focuses on renewable energy.

As part of the deal DIF III has sold its stake in projects with total capacity of 97.8MW and DIF IV divested its shares in projects with total capacity of 10MW.

The divested portfolio includes a mix of ground-mounted and rooftop assets, which achieved commercial operations between 2009 and 2016.

DIF acquired these plants during the construction phase and all the facilities benefit from 20-year Feed-in-Tariffs.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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