Infranity, a major investor in sustainable infrastructure in Europe and part of Generali Investments’ ecosystem, has signed an agreement to become the reference shareholder in Terre et Lac, a French developer and independent power producer specialized in solar photovoltaics solutions, alongside the company’s founding team.
Terre et Lac is an independent French solar energy producer, developing and operating photovoltaic solutions from residential rooftop solar to ground mounted solar all across France with 80 professionals.
Since its creation in 2009, Terre et Lac has developed, built and operated more than 400 MW of solar plants and could reach 1 GW of capacity under construction or operation by 2030 thanks to its large pipeline of projects.
Already largely established across the country, Terre et Lac plans to expand its presence, with projects in the south-western and south-eastern France and the recent opening of a new agency in Bordeaux. The group also aims to strengthen its expertise in the field of industrial and commercial roofing, leveraging its expertise in complex projects. The strategy includes an ambitious recruitment plan aimed at increasing the workforce to more than 130 employees by the end of 2026 in order to support the group’s development.
Romain Le Mélinaidre, Executive Director, Equity Investment Team at Infranity: « Terre et Lac has now a proven track record in developing solar projects and we are proud to have built this long-term partnership with such an experienced team. We have been impressed by the quality of the existing asset base and the Company’s existing skills across the entire chain of solar solutions development. Infranity will help this platform in its next phase which represents a natural fit with our investment strategy.”
Pierre-Emmanuel Martin, President and Founder of Terre et Lac: « We are pleased to partner with Infranity, a committed player who understands the originality of our integrated, responsible and sustainable model. Together, we will be able to grow and accelerate our development, in the service of the energy transition of the territories. »
Sébastien Fenet, CEO of Terre et Lac: « We are proud to welcome Infranity to our side, with whom we share common values and ambition: to accelerate the growth of Terre et Lac while preserving its model, which is based on proximity to local stakeholders, consideration of environmental and social issues and a constant search for operational excellence.”
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