Source: Edmond de Rothschild Private Equity / Pearl, 2024. References to this investment do not constitute a recommendation to buy or sell the securities of the company presented.
Asset Management
Pearl
Porous clay of the amphoras for the Eve Cuvée, Château de Malengin, Montagne Saint-Emilion
Market opportunity
Europe is accelerating its transition to a low-carbon economy. In 2021, the European Union increased its carbon emission reduction targets and recently committed to achieving 42.5% renewable energy usage by 2030, a significant leap from the 2020 target of 20%.
Investment strategy
- Financing, construction and management of projects aimed at decarbonising manufacturers energy use while improving their environmental contribution in compliance with European regulations.
- Focus on renewable energy production, energy efficiency and waste recovery.
- Secured investments in terms of (1) revenue through long-term inflation indexed contracts and (2) performance through contracts with experienced operators and reputable suppliers.
Value creation
- Project construction management and asset operational performance optimisation of projects.
- Optimising projects’ financial performance through revenue diversification, the provision of additional services and the reduction of operating costs.
- 100% of the assets are intended to generate environmental added value and are compliant with international environmental standards.
Investment team
Team based in Paris led by 3 associate partners.
+ 25 years of experience in the major public and environmental services companies (Veolia, Suez, Alstom...).
Target allocation
Geography: Europe.
Mainly greenfield but also early brownfield assets based on mature and proven technologies.
Case study:
Green Valley Energie, France
The largest biomass cogeneration plant utilising wood waste in France
Vine leaf, Château Clarke, Listrac-Médoc
Green Valley Energy is a biomass cogeneration plant located near Golbey in the Vosges region (France), with the capacity to produce 100 MWth of carbon-free thermal energy and 25 MWe of renewable electricity.
The project aims to meet growing energy needs with non-fossil fuel energy and competitive energy from biomass.
The plant will use approximately 230,000 tons annually of recycled wood (Class B wood), collected in Eastern France, as well as 20,000 tons per year of residues from Norske Skog Golbey’s industrial process, a leading containerboard production facility which will also consume the bulk of the renewable thermal energy produced.
213,000
T eq. CO₂ saving
925
GWh/y of green energy generated
37,600
Homes (equivalent households supplied with electricity)