Antin Infrastructure Partners, located in France, has agreed to purchase a majority stake in Blue Elephant Energy (BEE), a German renewable energy platform. BEE, which was founded in 2016, focuses on the acquisition, development, and operation of solar and wind farms throughout Europe and Latin America. Currently, the company has 1.3 GW of renewable energy capacity, which includes 13 wind projects and 67 solar assets spread across eight different countries.
For an undisclosed sum, Antin will acquire the platform through its Flagship Fund V. The deal is expected to close in the fourth quarter of this year, subject to customary closing conditions. Antin focuses on investments in the energy and environment, telecommunications, transport and social infrastructure sectors, with more than $22.3 billion currently under management.