Valorem, a pioneering company in the renewable energy sector in France, announces a fundraising of 200 million euros from two new shareholders. This capital injection aims to accelerate the group’s growth and strengthen its position in the European green energy market.
The investor consortium consists of AIP Management, a fund specialized in investments facilitating the energy transition, and IDIA Capital Investment, a subsidiary of Crédit Agricole dedicated to private equity in the energy transition. These new strategic partners will provide not only funds but also valuable expertise to support Valorem’s ambitions.
A Major Financial Operation for Development
This fundraising brings the total operation to over 550 million euros, including the renewed participation of historical shareholders GSO Capital and IRDI Capital Investment, as well as Bpifrance, the French public investment bank, through its fund France Investissement Énergie Environnement 2. Additionally, the 3i Infrastructure fund is selling its stake after eight years of collaboration with Valorem.
Founded in 1994, Valorem has experienced significant growth, multiplying its installed capacity by five over the past eight years to reach nearly 900 megawatts today. Thanks to this new fundraising, the company aims to increase its installed capacity to 2 gigawatts (GW) by 2028, thereby consolidating its presence in the renewable energy sector.
International Expansion and Ambitious Goals
Currently present in France, Greece, Poland, and Finland, Valorem plans to further expand its presence in Europe. The company intends to use this new capital to develop new wind and solar projects, increase its production of green energy, and actively contribute to the energy transition on the continent.
Jean-Yves Grandidier, founder and president of Valorem, expressed his satisfaction with this new stage: “This new chapter will allow the group to pursue its development ambitions. We are eager to leverage the knowledge and experience of AIP in the European renewable energy market to continue developing our projects.”
Partners Committed to the Energy Transition
Kasper Hansen, CEO of AIP Management, stated: “Valorem has distinguished itself through its solid foundations, proven experience, and comprehensive capabilities in the renewable energy field. Its strong portfolio of operational and development assets offers both growth potential and stability.”
IDIA Capital Investment also strengthens its commitment to the energy transition through this participation. The contribution of these new shareholders is seen as a major asset for Valorem, which will benefit from additional financial resources and expertise to achieve its objectives.
Prospects for the Renewable Energy Market
The operation, subject to standard regulatory procedures, is expected to be completed in the first quarter of 2025. This significant fundraising demonstrates investors’ confidence in Valorem’s business model and in the potential of the renewable energy sector.
With a turnover of 184 million euros in 2023, Valorem plans to produce 1.5 terawatt-hours (TWh) of energy in 2024. The company continues to play a key role in the development of renewable energies in Europe, contributing to greenhouse gas emissions reduction targets and the transition to a decarbonized economy.
