CVC DIF Sells 1GW+ Renewable Portfolio to Potentia Energy
Deal News | Feb 06, 2025 | Dutch Infrastructure Fund BV
CVC DIF, the infrastructure arm of CVC, announced the divestment of its expansive renewable energy portfolio in Australia, totaling over 1GW, to Potentia Energy. This portfolio includes operational wind and solar projects as well as late-stage wind and battery energy storage system development projects. Highlights of the sale include Bright Energy Investments, Western Australia's largest operational renewable platform, and several solar farms across Queensland, South Australia, and the Australian Capital Territory. Macquarie Capital and White & Case acted as advisers in this transaction. CVC DIF emphasizes focusing on financial performance, sustainable growth, and supporting the energy transition.
Sectors
- Renewable Energy
- Private Equity
- Infrastructure
Geography
- Australia – The portfolio consists of renewable energy projects located in various regions across Australia, including Western Australia, Queensland, South Australia, and the Australian Capital Territory.
Industry
- Renewable Energy – The article discusses the sale of a large portfolio of renewable energy projects, including wind, solar, and battery energy storage systems.
- Private Equity – CVC DIF, part of CVC's infrastructure strategy, is a key player in the private equity sector, focusing on managing and divesting large infrastructure assets.
- Infrastructure – The sale involves infrastructure projects, particularly in the energy sector, underlining the strategic management and development of such assets by CVC DIF.
Financials
- 1GW+ – The total capacity of the renewable energy portfolio sold by CVC DIF.
- 675 MW – Total capacity of three solar farms and two BESS development projects included in the sale.
- 367MW – Capacity of the Bright Energy Investments platform, part of the divested portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CVC DIF | Seller | Company | The infrastructure strategy of CVC, involved in divesting a renewable energy portfolio. |
| Potentia Energy | Buyer | Company | Formerly known as Enel Green Power Australia, the company acquiring the renewable energy portfolio. |
| Macquarie Capital | Financial Advisor | Company | Advised CVC DIF on the financial aspects of the transaction. |
| White & Case | Legal Advisor | Company | Provided legal advisory services to CVC DIF during the sale. |
| Bright Energy Investments (BEI) | Target Portfolio | Company | The largest operational renewable platform in Western Australia included in the sale. |
| Cbus Super | Co-shareholder Seller | Company | Co-shareholder in Bright Energy Investments, sold their stake alongside CVC DIF. |