White & Case Advises Eren Renewable Energy on €200 Million Fundraising
Global law firm White & Case LLP has advised Eren Renewable Energy on its fundraising of approximatively €200 million.
The transaction will enable the group to finance its development projects in a sustainable manner, in particular by accelerating the expansion of its international assets portfolio. A capital increase of €100 million, the first part of this fundraising, has been subscribed by BPI France, Next World, Salvepar (Tikehau Group) and FFP.
Eren Renewable Energy, founded in 2012 by Pâris Mouratoglou and David Corchia and based in Paris, is positioning itself in high potential emerging markets and geographical areas with substantial wind or solar resources that face growing energy needs. Since 2012, it has developed a group of significant and diversified assets in wind power, solar and hydraulic energy with a net installed capacity of 240 megawatts in operation or in construction. These are located primarily in France, Italy, Greece, Israel and India. Eren is also developing several new projects in Asia, Africa and Latin America, with the objective of reaching a net installed capacity of at least two gigawatts by 2020.
The White & Case team in Paris that advised on the transaction was led by partners Guillaume Vallat, Thomas Le Vert and Franck De Vita with support from associates Jean Paszkudzki, François Bohuon, Julien Etchegaray, Noémie Baroux and François Carrey. Partner Alexandre Ippolito, with support from counsel Emmanuelle Pontnau-Faure and associate Marcus Schmidbauer, advised on tax issues.
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