Conquest Asset Management Invests in Engie's Belgian Wind Farms
24 Janeiro 2020 - 11:02AM
Dow Jones News
By Dieter Holger
Conquest Asset Management said Friday that it has invested in
five onshore wind farms in the Flanders region of Belgium as part
of an exclusive agreement with Engie SA (ENGI.FR), as the
Dublin-based firm ramps up investments in renewable energy in
Western Europe.
Conquest, a money-manager with around 250 million euros ($277.4
million) under management, said its Conquest Sustainable
Infrastructure fund acquired 51% of a portfolio that could power up
to 32,000 Belgian homes from 2021 onward, totaling 43 megawatts of
capacity.
The price of the deal wasn't disclosed.
Funds focused on renewable energy in Europe are growing larger
as the continent boosts investments and regulations to meet its
2050 ambition of net-zero greenhouse gas emissions.
Last year, Glennmont Partners and Natixis's (KN.FR) Mirova
launched two of the largest green infrastructure funds in Europe's
history. Mirova said it raised EUR857 million, while Glennmont
raised EUR850 million.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
January 24, 2020 08:47 ET (13:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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