Solar: Terre et Lac chooses the Infranity fund to grow

Published on Nov. 21, 2023 at 8:23 a.m.Updated Nov. 21, 2023 at 8:27 a.m.

The Lyonnais Land and Lake wants to change dimension. To do this, it opens its capital to the Infranity investment fund, a company specializing in infrastructure financed by the Italian insurer Generali . The amount of the operation is not disclosed. The fund, which invests between 50 and 150 million euros depending on the case, becomes a minority shareholder during this capital increase.

The ruler of Land and Lake, Pierre-Emmanuel Martin who founded this designer, installer and operator of solar power plants in 2009 (he also created Carbon , which wants to reindustrialize solar panels in Fos-sur-Mer), remains in the majority. Executives also retain shares in the capital. Infranity positions itself as a “long-term” fund, indicates Romain Le Mélinaidre, executive director, thus ruling out a short-term exit.

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