Jeantet advises Susi Partners in the acquisition of a majority stake in french renewable energy developer Apal MW
Paris, on July 18, 2023, Jeantet advises SUSI Partners in the acquisition, through the SUSI Energy Transition Fund, of a majority stake in newly formed APAL MW (APAL), a French clean energy development company born out of the merger of French wind and solar developers 3N Développement and L’Agence de Développement des ENR (ADE).
By fusing the capabilities of two experienced development companies 3ND and ADE with the financial expertise and backing provided by SUSI, APAL looks to establish itself as an independent power producer while continuing its development activities on behalf of third parties in the medium term. Collectively, the group has to date originated and is developing over 800 MW of utility-scale onshore wind and solar photovoltaic projects and has the potential to expand into further sectors of the clean energy universe such as battery energy storage and rooftop solar PV in the future.
Through SETF, SUSI looks to advance the growth of asset investment platforms and management-led businesses across the energy transition sector and has already built a well-diversified portfolio with activities in clean energy generation, energy efficiency, energy storage, and integrated customer energy solutions.
With this transaction, the fund establishes a presence in another core European market poised to rapidly expand its renewable energy generation capacities.