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Marguerite Fund

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Marguerite Fund
Formerly2020 European Fund for Energy, Climate Change and Infrastructure
Company typeSociété anonyme
IndustryInvestment fund
Founded2010; 14 years ago (2010)
FoundersEuropean Investment Bank and several EU Member countries
HeadquartersLuxembourg
Area servedEurope
ProductsInvestments in renewables, energy and transport
Websitewww.marguerite.com

Marguerite Fund (or the 2020 European Fund for Energy, Climate Change and Infrastructure) is a pan-European infrastructure fund that invests in renewables, energy and transport. The fund's headquarters are based in Luxembourg.

History

The Marguerite Fund was established in 2010 by the European Investment Bank, Caisse des dépôts et consignations, Cassa Depositi e Prestiti, Instituto de Crédito Oficial, Kreditanstalt für Wiederaufbau and Powszechna Kasa Oszczędności Bank Polski as part of the European Economic Recovery Plan. Marguerite I launched following the financial crisis in 2010, at a time when investors had little trust in greenfield infrastructure. In Europe, specifically France and Germany, investments were successful following the 170 million fund.

The European Investment Bank (EIB) and the national EU member state promotional banks contributed €705 million to the fund by November 2017, and a private investor in 2018 contributed another 40 million. The European Investment Bank, with the guarantee of European Fund for Strategic Investments, doubled the in Marguerite II to 200 million, marking it as the EU bank's largest investment in a infrastructure fund.

Investments

The fund has invested in the Butendiek Wind Farm off Germany, the Tychovo and the Kukinia wind farms in Poland. the Thorntonbank Wind Farm off Belgium, Chirnogeni Wind Farm in Romania, Massangis 1 and Toul-Rosières 2 photovoltaic plants in France, the Poznań incineration plant in Poland, the Zagreb International Airport in Croatia, the N17/N18 Motorway project in Ireland, and the Autovía de Arlanzon Motorway in Spain. In January 2016, the Marguerite Fund became the second largest investor in the Latvian gas company Latvijas Gāze.

Unlike other infrastructure funds, Marguerite Fund II invests in greenfield infrastructure initiatives before they are fully developed, despite the risk.

References

  1. ^ Roca, Marc (2012-01-11). "Marguerite Fund Buys Into France's Largest Solar Park". Bloomberg. Retrieved 2016-01-30.
  2. "Marguerite Fund". European Investment Bank. Retrieved 2016-01-30.
  3. "'Visionary' fund for early stage European infrastructure backed by nations and EU". European Investment Bank. Retrieved 2021-04-16.
  4. "Background | Marguerite". 15 May 2013. Archived from the original on 2020-08-13. Retrieved 2021-04-16.
  5. "Europe's leading National Promotional Banks and European Investment Bank launch Marguerite II". www.kfw.de. Retrieved 2021-04-16.
  6. "'Visionary' fund for early stage European infrastructure backed by nations and EU". European Investment Bank. Retrieved 2021-04-16.
  7. "Background | Marguerite". 15 May 2013. Archived from the original on 2020-08-13. Retrieved 2021-04-16.
  8. "Europe's leading National Promotional Banks and European Investment Bank launch Marguerite II". www.kfw.de. Retrieved 2021-04-16.
  9. "Marguerite Fund sells participation in offshore wind farm Butendiek with help of Linklaters" (Press release). Linklaters. 2013-12-30. Retrieved 2016-01-30.
  10. Ali, Yurkie (2012-11-01). "Marguerite Fund takes 49.99% in 104 MW of Polish wind farms". SeeNews. Retrieved 2016-01-30.
  11. "Belgium's Thornton Bank inaugurated". Windpower Offshore. Haymarket Media Group. 2013-09-18. Retrieved 2016-01-30.
  12. "Marguerite Fund Acquires 50% Stake In Chirnogeni Wind Farm From EP Global In Romania". ResearcViews. 2012-11-12. Retrieved 2016-01-30.
  13. "SgurrEnergy appointed technical advisor on Massangis 1 solar project in France" (Press release). Sgurr Energy. 2013-04-22. Retrieved 2016-01-30.
  14. "Signed contract for waste incineration plant" (Press release). City of Poznań. 2013-04-12. Retrieved 2016-01-30.
  15. "Bouygues prepares to start on €331m Zagreb airport terminal". The Construction Index. 2013-12-06. Retrieved 2016-01-30.
  16. "Bank of Ireland co-finances multi-million N17/N18 Road Project" (Press release). Bank of Ireland. 2014-04-30. Retrieved 2016-01-30.
  17. Gelzis, Gederts (2016-01-28). "EU's Marguerite fund buys 29 pct stake in Latvian gas utility". Reuters. Retrieved 2016-01-30.
  18. "'Visionary' fund for early stage European infrastructure backed by nations and EU". European Investment Bank. Retrieved 2021-04-16.
  19. "Background | Marguerite". 15 May 2013. Archived from the original on 2020-08-13. Retrieved 2021-04-16.
  20. "Marguerite Fund". European Investment Bank. Retrieved 2021-04-16.
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