En juillet 2021, TTR ENERGY et la salle de musiques actuelles de Reims : La Cartonnerie ont officialisé la mise en œuvre d’un premier programme de mécénat portant sur l’action culturelle en direction des jeunes publics et plus spécifiquement en milieu rural.
QUEL EST LE PROJET SOUTENU ?
Le don octroyé par TTR ENERGY a permis le financement de matériel et de nouvelles représentations d’un spectacle vivant coproduit par La Cartonnerie : "Aquaphonique".
Un spectacle musical jeune public, conçu pour des enfants de 3 à 6 ans et porté par deux artistes rémois : Tommaso Montagagnani (contrebassiste et ethnomusicologue) et Jean-Baptiste Berger (Clarinettiste et saxophoniste).
Le spectacle créé grâce à ce financement est un voyage musical et visuel dans les profondeux de l'océan, où, cachées de la vue des humains, d'étonnantes créatures échangent leurs secrets sur la vie sous-marine.
Par le biais de la musique, ce spectacle aborde des thématiques fortes comme la rencontre de l’autre, l’importance d’entreprendre des parcours inconnus et la quête de nouveaux savoirs.
Download the PDF document
Green Fund IV and its co-investors invest in a portfolio of eight onshore wind projects
TTR Energy has closed, through the Green Fund IV fund created in partnership with Bank Degroof Petercam, the purchase of eight wind farms from fund manager Glennmont Partners based in Nuveen, following a competitive process.
This transaction will take place through a newly created vehicle, Ocarina Energy, which will be managed by TTR Energy and is one of the most important transactions recorded this year in the renewable energy sector in France. The eight wind farms representing a total of 100MW, are located in the North of France and generate an annual electricity production of 240 GWh. This corresponds to the consumption of approximately 60,000 households.
Green Fund IV, the investment fund launched in 2019 jointly by TTR Energy and Degroof Petercam, invests exclusively in renewable energy and will be the majority shareholder of Ocarina Energy (56.50%). It will be accompanied in this investment by TTR Energy who takes a direct stake (11.30%) and a consortium of Belgian institutional investors composed of Patronale Life (16.55%), Fédérale Assurance (11.30%) and Argen-co (4.35%).
The eight wind farms are already operational and equipped with old technology but could be upgraded to benefit from the latest innovations in design and infrastructure. This retrofit of older turbines, also known as "repowering," involves replacing the turbines with newer, typically larger and more efficient designs. According to TTR Energy's estimates, this type of intervention is likely to substantially increase the energy production capacity of existing installations.
Gautier Bataille, Managing Director in charge of Private Equity at Degroof Petercam: "With our partner TTR Energy, we are contributing to the energy transition while offering our investors an attractive return. This acquisition allows us to demonstrate once again our ability to deploy our resources around promising projects in the field of green energy. Our Green Funds are part of a broader strategy of our group in terms of sustainability and responsible investments.
Gauthier De Potter, co-CEO of TTR Energy: "The success of this transaction shows that TTR with its hybrid profile of developer, operator and investor is ideally equipped for the acquisition of operational wind farms over 10 years old.”
About Green Fund IV
Launched in 2019 by Degroof Petercam (Financial Manager) and TTR Energy (General Partner and Investment Manager), Green Fund IV is a private equity fund specialized in renewable energy and in particular in the development of onshore wind projects.
The previous Green Fund funds (Green Fund I, II and III), which also invested in wind energy and had raised a cumulative amount of €150 million, have been fully divested and have allowed investors to benefit from an attractive return while making a concrete contribution to the energy transition.
About TTR Energy
Based in Brussels and Reims, TTR Energy is an industrial player in the field of renewable energy that invests alongside its financial partners.
Over the years, TTR Energy has built 32 wind projects (about 610 MW). Its multidisciplinary team identifies, develops, optimizes, finances, builds and manages assets in the renewable energy sector. (www.ttrenergy.com)
About Glennmont Partners
Glennmont Partners from Nuveen is a leading infrastructure investment management firm that has been particularly active in the renewable energy sector for over a decade. The firm is owned by Nuveen, which manages more than $1.3 trillion on behalf of financial institutions and individuals around the world. Glennmont is one of Europe's leading renewable energy fund managers with approximately €2 billion invested in more than 30 clean power assets in sectors such as wind, solar PV and biomass. Together, these projects represent over 1,500 MW across the European Union. (www.glennmont.com)
Glennmont Partners is the trading name of Clean Energy Partners LLP and Glennmont Asset Management Limited, both of which are authorized and regulated by the Financial Conduct Authority.
Sud Marne, France
Communiqué de Presse
Hexagon et TTR clôturent le financement de Sud Marne, le plus grand projet éolien onshore de France (122 MW)
• Hexagon Renewable Energy SA
(« Hexagon ») et TTR Energy
(« TTR ») ont finalisé le financement de Sud Marne qui, avec une puissance de 122 MW, sera le plus grand parc éolien onshore de France
• Ce financement constitue la première clôture d’un projet greenfield pour Hexagon
• Le projet est lauréat de la quatrième tranche de l’appel d’offres 2017/S 083-161885 lui octroyant un contrat de complément de rémunération d’une durée de 20 ans
• Le projet est détenu à 100% par Hexagon et géré par TTR, et est financé par une dette senior sans recours co-arrangée par le groupe BPCE (BPCE Energeco, Caisse d’Épargne et de Prévoyance Grand Est Europe) et La Banque Postale
Hexagon, producteur d’électricité indépendant constitué en décembre 2020, géré par TTR et détenu par un consortium d’investisseurs : Crédit Mutuel Capital Privé, la Banque des Territoires, Amundi Transition Energétique, Générali Global Infrastructure, Mirova et TTR, annonce la finalisation du financement du projet Sud Marne situé dans la Marne (51). Détenu à 100% par Hexagon, Sud Marne sera le plus grand projet éolien onshore de France (122 MW).
Le projet est financé par une dette senior sans recours structurée et souscrite par le groupe BPCE (BPCE Energeco, Caisse d’Epargne Grand Est Europe) et La Banque Postale et une facilité de financement de TVA apportée par BPCE Energeco. La Banque Postale et Natixis ont agi également en qualité de banques de couverture.
La vente de l’électricité du projet Sud Marne a été sécurisée pour 20 ans via l’obtention en 2019 d’un contrat de complément de rémunération avec EDF-OA suite à l’appel d’offre 2017/S 083-161885. La production d’électricité du projet Sud Marne équivaut à la consommation annuelle de 151 200 foyers et permettra d’éviter la production de 118 000 tCO2 par an.
Le démarrage de la production d’énergie est prévu pour janvier 2023. Le projet sera composé de 30 turbines de 4MW et 4,2MW fournies par Vestas. Les travaux de préparation du site ont débuté en mai.
Astris Finance a agi en tant que conseil financier exclusif de Hexagon et TTR pour la structuration et la conclusion de cette transaction.
Norton Rose Fulbright LLP, Syneria, Volta, Marsh, et PWC France ont accompagné les arrangeurs dans cette transaction d’envergure en tant que conseils.
TTR Energy, in partnership with five institutional investors establishes “Hexagon Renewable Energy”, an Independent Power Producer (“IPP”), in order to acquire a portfolio of 19 wind projects across
TTR Energy, Crédit Mutuel Capital Privé, Banque des Territoires, Amundi Energy Transition, Generali Global Infrastructure and Mirova, an affiliate of Natixis Investment Managers, are pleased to announce the creation of Hexagon Renewable Energy SA (“Hexagon Energy”). Hexagon Energy will be managed by TTR Energy, an experienced developer, operator and investor in renewable energy assets. The new IPP has acquired a portfolio of 19 wind projects across France for a total capacity in excess of 770 MW.
The windfarm portfolio is composed of:
-operational projects with a capacity of 112.0 MW;
-projects in construction with a capacity of 13.2 MW;
-authorised projects yet to be constructed with a capacity of 206.1 MW; and
-projects in development with a capacity of 439.0 MW.
The investor group was formed by TTR Energy though a competitive process and is led by Crédit Mutuel Capital Privé as “lead investor” through its infrastructure fund, Siloé Infrastructures. Other members include Amundi Energy Transition, Banque des Territoires, Generali Global Infrastructure, Mirova and TTR Energy.
Elm Capital, a private capital advisory firm based in London, was the exclusive financial advisor to TTR Energy and the sellers.
TTR Energy, who has also significantly invested in the project alongside the other investors, is the Sole Director of Hexagon Energy.
TTR Energy, based in Brussels, Belgium and Reims, France, is an operator and developer of renewable energy projects that invests alongside its financial partners. Over the years, TTR Energy has built 28 wind projects with a total capacity of 456 MW. The small and multi-disciplinary team is dedicated to the sourcing, development, optimization, financing, construction, and management of renewable energy assets.
Gauthier De Potter, Founder and co-CEO of TTR Energy commented: “The creation of Hexagon Energy, in partnership with shareholders strongly dedicated to the climate cause, is consistent with TTR’s philosophy of accelerating the energy transition through independent, flexible, and medium-sized industrial players. It deviates from the traditional, centralized approach of large utility companies and focuses on proximity to the territories in which it operates. TTR Energy seeks to comprehensively integrate communities into the decision-making process early on. Its ultimate goal is to maximize production while simultaneously minimizing the disruption to the communities and adapting projects to local specificities”.
Bertrand Ghez, Deputy General Manager of Crédit Mutuel Capital Privé adds: “The investment in Hexagon Energy is the first asset in our new fund, Siloé Infrastructures, and is an important transaction that shows our intention to contribute to energy transition, to minimise carbon footprint and to participate in regional infrastructure development”.
Emmanuel Legrand, Managing Director of the Department for Energy and Ecology Transition at Banque des Territoires notes: “We are delighted to support the growth of TTR Energy, a developer of renewable energy assets that is a key player in the French market. Through this new project, we are investing in the development of several hundred MW of greenfield projects with long term value for local communities. La Banque des Territoires’ investment is consistent with Caisse des Dépôts’ revival plan, which includes energy transition as one of its main priorities”.
Matthieu Poisson, General Manager of Amundi Energy Transition states: “Amundi Energy Transition is proud to support the development of Hexagon’s portfolio that is mostly greenfield, and therefore to support energy transition in the long term. This investment in wind assets in France complements and provides diversification to Amundi Energy Transition’ portfolio, that has so far invested in the wind sector outside France”.
Alban de La Selle, Chief Investment Officer of Generali Global Infrastructure underlines: “We are very happy to support this new producer of Renewable Energy that is destined to a bright future. This transaction represents a great opportunity for our investors to be associated with the energy transition movement and to benefit from stable long-term returns. It is also a new transaction for Generali Global Infrastructure that is perfectly in line with its strategy of supporting green energies“.
Raphaël Lance, Managing Director of Energy Transition infrastructure funds at Mirova declares: “We are delighted to participate in the creation of this new producer of green electricity through our energy transition fund, Mirova Eurofideme IV. Since its launch in 2019, our fund has participated in the financing of around twenty investments representing renewable electricity production capacity of 2.6GW. The technical expertise and know-how that TTR Energy has demonstrated in previous electricity tender offers gives us confidence that TTR will build a high-quality portfolio and will make this partnership a common success”.
About Crédit Mutuel Capital Privé
Crédit Mutuel Capital Privé, a management company subsidiary of Crédit Mutuel Equity, has just raised Siloé Infrastructures, its first investment fund dedicated to infrastructures with € 500 million. Siloé Infrastructures' mission is to support regional development in three main areas of public interest: ecological and energy transition, demographic transition requiring modernisation of infrastructures, and digital transition as a key innovation challenge. This investment policy is totally in line with Crédit Mutuel Alliance Fédérale's long-term vision and local roots. With a strategy mainly focused on France, the equity investments range from 10 to € 50 million.
Buy side adviser Crédit Mutuel Capital Privé : Matthieu Guérard (MG Conseil)
About Banque des Territoires
Set up in 2018, Banque des Territoires is one of Caisse des Dépôts' five areas of expertise. It brings together within a single structure all of our in-house expertise for local areas. As a one-stop shop for customers, it provides bespoke solutions in terms of consulting and financing through loans and investment to meet the needs of local authorities, social housing bodies, local public undertakings and the legal professions. It has been set up to serve the interests of all local areas alike, from rural municipalities to large cities, with the ambition of combating social inequality and territorial divisions. Banque des Territoires is also rolled out across Caisse des Dépôts' 16 regional managements and 35 territorial offices so as to resonate more meaningfully with our customers, in their neighbourhoods.
For more attractive, including, sustainable and connected territories.
www.banquedesterritoires.fr - Twitter : @BanqueDesTerritoires
About Amundi Energy Transition
A subsidiary of Amundi, Amundi Energy Transition (AET) is an asset management company specialized in infrastructure linked to energy transition. Its independent investment team builds long-term solutions decorrelated from the financial markets and relying on partnerships with industrials of the sector. AET managed around €500 million of assets as of September 30, 2020.
About Generali Global Infrastructure
Generali Global Infrastructure (GGI) is an independent asset management company specialised in infrastructure investments. The company has been created by three partners, Philippe Benaroya, Alban de La Selle et Gilles Lengaigne, within a strategic partnership with Generali Group and manages today around € 3 billion of AuM. GGI investment strategies are based on the resilience of the infrastructure asset class, its capacity to contribute to a sustainable development and to generate stable returns in the long-term. Its philosophy is focused on responsible investments with a positive impact, combining financial and extra-financial performance. GGI invests in investments themes strategic for society, such as energy transition, renewable energy, green mobility, digital transition and social infrastructures in the healthcare and education sectors. These strategies, coupled with a high selectivity in the investment process, allow GGI to generate sustainable value for its clients over the long-term.
Mirova is an investment manager dedicated to sustainable investment and an affiliate of Natixis Investment Managers. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova’s talents have been pioneers in many areas of sustainable finance. Their ambition is to keep innovating to propose the most impactful solutions to their clients. As of september 30, 2020, Mirova manages 15.8 billion euros. Portfolio management company – French Public limited liability company RCS Paris n°394 648 216 - Regulated by AMF under n° GP 02-014 Registered Office: 59, Avenue Pierre Mendes France – 75013 - Paris Mirova is an affiliate of Natixis Investment Managers.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms1 with nearly $1.1 trillion assets under management2 (€910.0 billion).
Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; Vega Investment Managers;4 and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions, and Natixis Advisors offers other investment services through its AIA and MPA division. Not all offerings available in all jurisdictions.
For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
2 Assets under management (“AUM”) as of September 30, 2020 is $1,067.3 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
Gauthier De Potter: email@example.com - www.ttrenergy.com
Etienne Deshormes: firstname.lastname@example.org - +44 7771 921 964
Crédit Mutuel Capital Privé:
Véronique Richez-Lerouge: email@example.com - +33 (0)6 14 63 90 00
Banque des Territoires – Groupe Caisse des Dépôts:
Marie-Caroline Cardi: firstname.lastname@example.org - +33 (0)6 38 53 97 67
Amundi Energy Transition:
Geetha Chandrasegaram: email@example.com - +33 01 76 37 02 73
Generali Global Infrastructure:
Alban de La Selle: alban.delaselle@GeneraliGlobalInfra.com - +33 (0)6 76 31 26 62
Sam Emery/Emma Murphy/Andreea Caraveteanu (Quill PR): firstname.lastname@example.org - +44 (0)20 7466 5050