Alba Infra Partners and Tevalia Capital have launched Altevera, a pan-European “last-mile” renewable developer & energy generation platform.
Altevera will combine Alba’s infrastructure investment expertise with Tevalia’s highly experienced management team and strong renewable energy development, financing and M&A capabilities.
Altevera’s management aims to build a leading independent power producer (IPP) focused on selectively aggregating wind, solar and battery storage assets across attractive European markets. Initially, the platform will target opportunities in France, Italy, Germany and Poland.
The platform aims to aggregate and co-develop more than 500 MW of operating and late-stage renewable energy assets, as well as a development pipeline exceeding 2 GW across Europe over the coming years. Its strategy focuses on partnering with leading developers to acquire de-risked, late-stage assets, creating value through portfolio optimisation, refinancing and disciplined expansion, while limiting exposure to early-stage development risk. Alba aims to deploy €150 million into Altevera, through its Alba EOPF II fund and co-investment.
The Clifford Chance team included Patrick Tardivy, partner, Marc Diab Maalouf, counsel, Antoine Chomette, senior associate, and Reina Mahmoud, associate, on the M&A aspects, Paul Loisel, partner, and Ambre Ronnel, associate, on the financing aspects, as well as David Por, partner, and Cyril Riffaud, counsel, on the intellectual property aspects.
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