Paris, July 2023 - Astris Congratulates its Client Banque des Territoires for the Successful Acquisition of an Equity Participation in JP Energie Environnement (« JPEE »)
We are pleased to announce the closing of Project Bombay, for which Astris advised Banque des Territoires, the investment arm of the State-owned banking group Caisse des Dépôts, in the acquisition of a 34% equity stake in the French company JPEE.
JPEE is a French IPP of wind and solar energy, who produced 680,000 MWh in 2022, the equivalent of the annual consumption of more than 300,000 households. The aim of the partnership between JPEE and Banque des Territoires is to double the installed capacity to reach 1 GW of projects in operation in 2026 and 2 GW by 2030, which will allow JPEE to supply green electricity to 1.6 million households.
Cédric Desmedt, Deputy Director of Energy Transition at Banque des Territoires says: "We are delighted to be a part of JPEE, a leading developer on the French market; this transaction consolidates a relationship of trust of more than 10 years, guided by strategic alignment and common values. We would also like to thank the Astris team for the instrumental role they played all along the transaction».
Astris acted as exclusive financial advisor to Banque des Territoires. This landmark transaction reinforces Astris’s premier position in the European renewable M&A sector and further strengthens our relationship with Banque des Territoires in the context of its ambitious positioning to fund the green energy transition.
July 2023 - Astris Congratulates its Client Banque des Territoires for the Successful Acquisition of an Equity Stake in JP Energie Environnement (« JPEE »)