VINCI, a leading global player in concessions and construction, has completed an investment totaling approximately €50 million in NatPower SA, a renewable energy development platform established in 2019 with operations primarily in Italy, Great Britain, and the United States.
The investment includes the acquisition of a 10% stake in the company’s share capital from founder Fabrizio Zago and the Tyrus Capital fund, along with convertible bonds enabling VINCI to potentially increase its ownership and ultimately gain control over NatPower SA.
As part of the agreement, VINCI secures a priority right to acquire projects in the ready-to-build phase initiated by NatPower SA.
Additionally, VINCI and NatPower SA have agreed to collaborate on the development of renewable energy projects, focusing mainly on onshore wind and solar initiatives in the United States. This collaboration builds upon NatPower SA’s existing portfolio, comprising approximately 1.2 GW of capacity with an additional 2 GW in the preliminary stage. A joint venture, controlled by VINCI through its subsidiary Cobra IS, will be established in the United States to facilitate this partnership.
Furthermore, VINCI plans to leverage NatPower SA’s expertise to pursue energy storage projects, particularly in Great Britain.
This investment underscores VINCI’s commitment to expanding its presence in the renewable energy sector and reinforces its position as a key player in sustainable infrastructure development.
