EUROFIDEME 2 invests in Greenfield assets and positions itself as a partner for medium-sized renewable energy project developers including:
- Firms that develop projects with defined assets in their portfolio
- Developers having a portfolio of several projects in different development stages (development, construction, operation)
The fund's geographic target is the euro area mainly focusing in France, Italy and Spain
. Given the portfolio of projects that have already been identified, France will remain the fund's main market.
EUROFIDEME 2 will only invest in projects using mature and reliable technologies such as:
- Onshore wind
- Solar photovoltaic
- Biomass-to-energy
- Others (hydropower, geothermal and solar thermal)
The two main types of financial products that are used by the fund are:
- Subordinated debt: subordinated bonds linked to a possible conversion into shares or bonds with share warrants attached
- Equity financing in exchange for minority stakes
To date, the management team has identified over 100 projects potentially complying with our investment criterions. As of today, EUROFIDEME 2 has closed five investments (of which two are disinvested) in France and Sweden for a total of €46m.
