French renewable energy producer Tenergie has bought DIF’s stakes in 29 solar assets.
Infrastructure fund manager DIF said its DIF Infrastructure III and DIF Infrastructure IV funds have sold their stakes, with a total capacity of 107.8MW, to Terres d’Energie for an undisclosed sum.
The portfolio includes a mix of ground-mounted and rooftop assets, which achieved commercial operations between 2009 and 2016. Most plants were acquired by DIF during construction.
Andrew Freeman, head of exits at DIF, said: “We are pleased with the completion of the sale of the portfolio that was successfully optimized throughout the life of the assets, starting with acquiring individual projects or small portfolios, bringing some of them through construction, completing refinancings of two sub-portfolios in 2016 and 2017, contracting and then exiting via a competitive portfolio sales process.”