Aer Soléir, a Dublin-based firm co-founded by Andy Kinsella and Manus O’Donnell, senior figures in Mainstream, focuses on developing renewable energy projects across Europe.
According to PeakLoad, a publication on energy transition, Aer Soléir is considering a fundraising effort that could potentially lead to a full sale of the company.
Rothschild is acting as the advisor for the transaction and has reached out to a small group of potential investors.
At the time of publication, Aer Soléir had not responded to a request for comment.
Established in 2021 by Kinsella and O’Donnell, who held senior positions at Mainstream Renewables, a leading green energy group founded by entrepreneur Eddie O’Connor, Aer Soléir specializes in the development, construction, ownership, and operation of large-scale onshore wind, solar, and energy storage projects.
Last year, the company secured $250m (€225m) in equity funding from 547 Energy International, a US-based firm. 547 Energy is a clean energy investment platform affiliated with Quantum Energy Partners, a well-known US private equity firm.
Sean O’Donnell, partner and head of energy transition at Quantum, expressed enthusiasm for the fundraising in March 2022, stating that the demand for renewable energy projects to drive Europe’s energy transition was staggering. He expressed support for Aer Soléir’s efforts in identifying, investing in, and guiding major renewable energy assets to operation.
In March, Aer Soléir announced its entry into the Spanish energy market through a partnership with Tartessos Power Development, a Spanish developer with a strong track record in renewable energy. The collaboration aims to co-develop a hybrid project exceeding 130MW in the Andalucía region of Spain.
Additionally, Aer Soléir also formed an agreement with Altea Green Power Spa, an Italian company based in Turin. The two companies plan to develop renewable projects with a combined capacity of approximately 300 megawatts over the next three years.
Aer Soléir highlighted the importance of the Italian market, as the country received the largest share of the EU’s pandemic recovery fund, with a significant portion earmarked for supporting energy and climate initiatives.
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