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ICQ Holding’s portfolio consists of 109MW of operational assets plus 89MW of wind projects under development
Ardian has acquired 100% of ICQ Holding, a diversified portfolio of renewable energy assets located in the south of Italy, through its Clean Energy Evergreen Fund (ACEEF).
The ICQ Holding portfolio consists of 109MW of operational assets, including six wind farms, two hydroelectric projects and two biogas plants, and an additional 89MW pipeline of wind sites under development.
Through ACEEF, Ardian acquired a minority stake in ICQ in July 2022.
Following the acquisition of the remaining stake from Italian Renewable Resources, Ardian has become the sole owner of the strategic renewable energy platform.
Both transactions were supported by Energy Management Services, Ardian’s asset management platform in Italy.
Since the initial acquisition in 2022, Ardian has supported the debt restructuring of the group, which took place last summer, and the refinancing of the wind portfolio in July 2023.
This acquisition further strengthens the ACEEF’s Italian business, which now holds close to 500MW of wind, solar, hydropower and biogas assets, including Mirto Holding, a 100MW solar pipeline acquired in July 2022.
ACEEF is the infrastructure team’s first open-ended clean energy fund, which was launched in early 2022 and whose fundraising reached €1bn at the closing in July 2023. |
