Published by Todd Bush on April 15, 2024
VINCI signs a strategic partnership agreement with NatPower SA, an international renewable energy development platform, notably to fast-track Cobra IS's expansion in the United States
VINCI has finalised an investment amounting to approximately €50 million in NatPower SA, a renewable energy development platform set up in 2019 and principally active in Italy, Great Britain and the United States.
>> In Other News: Chart Industries to Supply Key Liquefaction Equipment for the Cedar LNG Project
The investment encompasses the acquisition of 10% of the company’s share capital from its founder Fabrizio Zago and from the Tyrus Capital fund, in addition to convertible bonds enabling the Group to increase its stake then possibly exercise an option giving it control over NatPower SA.
Under the agreement, VINCI will have a priority right on opportunities to acquire projects in the ready-to-build phase initiated by NatPower SA.
Alongside the investment, the parties have reached an agreement to jointly develop renewable energy projects (principally onshore wind and solar) in the United States, notably building up on NatPower SA's existing portfolio in this segment (which includes approximately 1.2 GW of capacity plus about 2 GW at the preliminary stage). To this end, a joint venture, controlled by VINCI via its subsidiary Cobra IS, will be incorporated in the United States.
Lastly, leveraging NatPower SA's expertise, VINCI will be in a prime position to develop energy storage projects, particularly in Great Britain.
NatPower is an independent developer of infrastructural projects for renewable energy generation, providing support to enterprises, utilities and investors globally. It boasts a large project pipeline and drives the energy transition process across all major technologies including solar, wind, battery energy storage and hydrogen. In just a few years, NatPower has secured its standing as one of the most prominent independent developers, actively operating in several countries of which Italy, United Kingdom, United States, Kazakhstan and Chile. NatPower operates from three offices in Milan, London and Washington D.C., with a workforce of more than 70 employees across three continents.
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. www.vinci.com
This press release is an official information document of the VINCI Group.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Inside This Issue 🛑 BP Pauses Project to Pipe, Store Carbon Emissions Underground in Indiana Indefinitely 🤝 Deep Sky Announces Multi-Year Offtake Agreement with Rubicon Carbon 🤖 Automating Hydroge...
Industry-first framework addresses critical gaps in carbon capture verification, enabling safer, more bankable projects DNV has released a new service specification (DNV-SE-0696) for the verificat...
Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch
Clean energy and digital infrastructure projects at Cadiz expected to generate $7-$10 million per year in lease revenue and water supply sales, in addition to supporting sustainable water and farmi...
Expro Wins Well Test Contract for Major UK CCS Project
Latest contract extends Expro’s decade-plus support of the UK Carbon Capture and Storage (CCS) industry ABERDEEN, Scotland--Energy services provider, Expro (NYSE: XPRO), has secured a key contract...
MAX Power Team Identifies Rare Basement Source Rocks as Potential Natural Hydrogen Source
Multi-Well Drill Program Planned for Target-Rich Areas MAX Power Acquires Exploration Permits Covering 1.3 Million Acres Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - MAX Power M...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.