Baringa is delighted to have supported R Power Renewables as sell-side commercial advisor for the sale of a minority stake to the Three Seas Initiative Investment Fund (SIIF)
R.Power Renewables signed an agreement with Three Seas Initiative Investment Fund (3SIIF), a vehicle exclusively advised by UK based Amber Infrastructure Limited, as part of which 3SIIF will invest EUR 150 million (app. PLN 0,7 billion) equity and acquire a minority stake. Founding shareholders will retain a majority stake and continue to lead the Company. The Fund retains an option to increase its investment to EUR 250 million (app. PLN 1,2 billion).
As a sell-side commercial advisor, Baringa provided market advisory across the continental European markets R.Power Renewables is active in. As such, we assisted amongst others in renewables revenue projection, PPA advisory and analysis, renewable auction advisory and project pipeline review. Baringa is proud to have supported R.Power Renewables, a key actor in the European energy transition on this transaction.
"For our sell-side support on this transaction, we leveraged our long-standing experience on the Continental European power markets, providing independent commercial due-diligence. We congratulate R.Power Renewables and 3SIIF on this landmark investment which will accelerate R.Power Renewables’ role in the decarbonisation of the European energy system."
Phil Grant, Partner
About R.Power Renewables
R.Power S.A. is the leading integrated independent solar power producer in Poland, with a growing presence in Italy, Portugal, Spain, Germany and Romania. R.Power S.A.’s activities cover the entire value chain of the solar energy sector, including the development of photovoltaic power plant projects, photovoltaic power plants engineering, procurement and construction, operations and maintenance and production of green energy (as an IPP). The company is currently developing a portfolio of more than 8.3 GWp of PV assets and has a portfolio of limited-risk projects (built, under construction or secured grid connection) of approximately 0.9 GWp. R.Power is also Green Bond issuer with bondholders such as EBRD, PFR and BGK
We set out to build the world’s most trusted consulting firm – creating lasting impact for clients and pioneering a positive, people-first way of working. We work with everyone from FTSE 100 names to bright new start-ups, in every sector.
You’ll find us collaborating shoulder-to-shoulder with our clients, from the big picture right down to the detail: helping them define their strategy, deliver complex change, spot the right commercial opportunities, manage risk or bring their purpose and sustainability goals to life. Our clients love how we get to know what makes their businesses tick – slotting seamlessly into their teams and being proudly geeky about solving their challenges.
We have hubs in Europe, the US, Asia and Australia, and we work all around the world – from a wind farm in Wyoming to a boardroom in Berlin. Find us wherever there’s a challenge to be tackled and an impact to be made.
Contact our team to learn how we can support organisations in this space
Securing access to critical minerals for the energy transition
We explore how private sector actors can proactively secure access to the critical minerals needed for the energy transition.Read more
Recent and future evolution of the cPPA market in Europe
Having supported corporates and developers in PPA deals across Europe, we have seen major changes in this market over the past few years and we reflect on how the market is likely to evolve in the future.Read more
Australia's Wholesale Electricity Market developments: what are the opportunities for investors?
Baringa’s WEM Reference Case provides an independent perspective on the demand and supply-side changes in the WEM.Read more
What will enable the development of Australia’s offshore wind industry?
We explore the factors needed to foster the build out based on our quarterly reference case.Read more