Investments

Rosace (France)

Rosace is a 30 year fibre to-the-home concession project launched by the Alsace Champagne-Ardenne Lorraine Region in which it has a 37% shareholding, alongside NGE Concessions, Altitude Infrastructure, Quaero Capital and Caisse des Dépôts et Consignations. The 480 million Euro Project involves the design, construction, financing, marketing, operation and maintenance of a new high speed fibre-to-the-home network in the less densely populated areas of the Alsace region, eastern border of France. The roll-out of the network covering 380,000 fibre optic connections in households and small offices in 700 municipalities is expected to be completed by April 2022.

AS Latvijas Gāze (Latvia)

LG operates and maintains the Latvian gas transmission and gas distribution pipelines as well as the Inčukalns underground gas storage facility, the third largest storage facility in the EU and a strategic asset for the security of gas supply in the Baltics. LG also ensures the supply of natural gas to more than 400,000 domestic customers and provides gas to customers in Estonia, Northwest Russia and Lithuania. The company has a significant ongoing CAPEX program and sponsors two projects of common interest (“PCI”) which will improve the regional security of gas supply.  LG will soon undergo reorganization to be compliant with the unbundling provisions of the 3rd energy package (separation of the transmission and storage activities from the supply and distribution activities).

www.lg.lv/

N17/N18 Motorway (Ireland)

Design, construction, operation and maintenance of 53.2km of motorway standard dual-carriageway between Gort and Tuam, plus a 4.2km non-motorway dual-carriageway by-pass to the west of Tuam and including one major junction with the M6 Galway-Dublin motorway. The Project will replace the existing N17 and N18 national roads (which will thereafter be reclassified as regional roads), thereby providing bypasses for the towns of Clarinbridge, Claregalway and Tuam where congestion is frequent. The Project is TEN-T, and will become a strategic component of the national primary route network providing a high quality north-south linkage in the western region of Ireland. The expected construction period is approximately 44 months, including preliminary design works and site clearance activities. The Project revenues will be availability-based, with the SPV receiving Availability Payments from the NRA, subject only to performance and non-availability deductions.

Zagreb Airport (Croatia)

The Project is located a relatively short distance (approx. 11 km) from the city centre. The initial new build will include a new passenger terminal with a capacity of 5m passengers p.a. and total gross area of approx. 63,000 sqm, meeting the IATA C level of service quality, adjacent parking apron of approx. 100,000 sqm, with new connecting taxiways to the existing runway, 8 new contact stands and a new drainage system for all airside ground infrastructure,  and an access road to the new passenger terminal, including a viaduct to the terminal, and new landside parking facilities of approximately 90,000 sqm. Gradual expansion of the airport is planned once a passenger volume of 5 million p.a. is reached (up to a capacity of 8 million pax p.a.).

www.zagreb-airport.hr/

Poznań energy-from-waste (Poland)

The project covers the financing, design, construction and operation of a municipal waste incineration plant with a capacity of 210,000 tons per year. The plant was procured in the form of an availability based Public Private Partnership (PPP) with the City of Poznań including a 25-year operating period following construction. The plant is currently being commissioned and it is expected to be fully operational in November 2016. The project will allow the City of Poznań and the surrounding area to implement its waste management plan. The cost of the plant is estimated to be PLN 725 million.

www.sita-zielonaenergia.pl

Butendiek (Germany)

The 288 MW Butendiek Offshore Wind Farm is located in the North-Sea within the German exclusive economic zone, 32 km west off the German Island of Sylt in water depths of up to 22 meters. It consists of 80 Siemens 3.6 MW wind turbines mounted on monopile foundations and connected to a 155kV offshore transformer station fitted with a helicopter platform. The project successfully entered the operational stage in summer 2015 and will supply the equivalent of approximately 370,000 households with electricity each year. The project was completed on time and within its target budget of €1.3bn.

www.owp-butendiek.de

Aeolus – aggregate 104MW wind farms (Poland)

The investment comprises two onshore operational wind farms (Tychowo and Kukinia) located in the North-West of Poland. Tychowo is a 50MW wind farm, comprising Nordex N90/2500 2.5 MW turbines, located in the Sławno municipality, near the town of Słupsk. The wind farm was granted a concession for operations in September 2009 and was fully operational in May 2010. Kukinia is a 54MW wind farm, comprising 23 Enercon E-82 2.3 MW turbines, located in the municipalities of Ustronie Morskie and Dygowo. Kukinia is operational since October 2013.

Chirnogeni wind farm (Romania)

The project comprises 32 Nordex N90/2500 2.5 MW turbines for a total installed capacity of 80MW. It is located in the South-East of Romania, between the municipalities of Chirnogeni and Independenţa, in the county of Constanţa. The wind farm is fully operational since February 2014.

Massangis 1 (France)

The Massangis project comprises two lots of fixed ground-mounted photovoltaic power plant plants with a total capacity of 56 MWp. The project covers a total area of 142 hectares and is located in Massangis, Bourgogne, France. The Marguerite Fund owns one lot (“Massangis 1”) of 36 MWp out of the 56 MWp total capacity. The project was fully operational at the end of 2012.

Autovía de Arlanzon (A-1) Motorway (Spain)

A 146 km long section of the dual-carriageway "Santo Tomé del Puerto – Burgos" A-1 Motorway located in an important North-South corridor connecting Madrid with the regions of Cantabria, Basque Country, La Rioja, Navarra and with France via Irun. The project was procured as a shadow-toll Design-Build-Finance-Operate ("DBFO"). The Concession Agreement was signed in 2007 between the Contracting Authority and Autovía Arlanzón for a concession period of 19 years ending on the 27th of December 2026. Construction works for the Project mainly consisted of upgrading links, paving, widening of curves and intersections and other works aimed at improving the overall quality and safety standards of the motorway, and were completed in 2012.

C-Power (Belgium)

The Thornton Bank Offshore Wind Farm project consists of a 326 MW offshore wind farm 28 km off the coast of Belgium. It is located on the Thornton Bank in the North Sea, in water depths of up to 25 metres. The project was structured in 3 consecutive phases. Phase I, which consists of 6 Senvion 5M Wind Turbine Generators with a generation capacity of 30.5 MW, has been fully operational since 2009. Phases II and III combined consist of 48 REpower 6M turbines with a total generation capacity of 295.2 MW, built as two separate arrays. Construction of phases II and III was completed during summer 2013. The project provides energy to over 600,000 inhabitants each year, avoiding 450,000 tonnes of carbon from being emitted into the atmosphere. As such, C-Power supplies 10% of the total amount of renewable energy that Belgium has committed to generate by 2020.

www.c-power.be

Toul-Rosières 2 (France)

The Toul-Rosières project consists of three lots of fixed ground-mounted photovoltaic power plants with a total capacity of 115 MWp developed on a former military base. At the time it was built, it was Europe's largest PV project. The project covers 522 hectares and is located near the city of Nancy in Lorraine, in the north-east of France. The Marguerite Fund owns one lot (“Toul Rosieres 2”) of 36 MWp out of the 115 MWp total capacity. The project was fully operational at the end of 2012.