June 2022 – Astris #1 in the 2021 IJ Global League Table for European Renewable Energy Financial Advisory
Here is a piece of good news, just before the first semester of 2022 ends: we are delighted to report that -- for the first time since its creation over twenty years ago -- Astris reached the top spot in the 2021 IJ Global League Table for European Renewable Energy financial advisory.
This top position rewards an exciting year 2021 for Astris in Europe where we helped bring eighteen transactions to closing in France, Spain, Germany, Poland and Italy. These include a wide array of deals, both on the financing side (development stage advisory, debt and equity raising) with EUR 3bn raised, and on the M&A side (sell-side, buy-side, investor solutions).
Since 2011, Astris has built an unparalleled track record in the European market from its offices in Paris (2011), Madrid (2017) and Hamburg (2020): in the past 5 years, we have closed over 40 M&A transactions for a combined enterprise value of 10+ bn€ and 50 financing transactions with 9+ bn€ of debt raised.
The coming years will be fascinating when it comes to the European renewable energy sector. The “RE Power EU plan” published by the European Commission in May 2022 establishes a three-pronged strategy to drastically reduce Europe’s dependence on Russian fossil fuels: energy savings, acceleration of renewable energy deployment, and diversification of energy sources. Under the second pillar, the Commission increased the target share of gross final energy consumption from renewable sources to 45% by 2030 from just 22% in 2021.
This very ambitious growth will require reaching an aggregate renewable energy generation capacity of 1236 GW by 2030 – an increase of more than 700 GW compared with the installed capacity at the end of 2020. That is fully 100 GW per year! (Source: EU Commission, Eurostat, 2022)
This increased installed capacity will need to come hand in hand with new business models and technologies such as storage, smart grid, peak shaving and demand-side management, EV charging, hydrogen storage, etc. Astris hopes to do its share, however modest, to help achieve this existential challenge!
Thomas Innocenzi, Head of European Operations for Astris said: “As we continue strengthening our position in the European renewable energy space, we would like once again to thank all of our clients and partners for the solid relationships we have established over the years as well as our team for the rigor, creativity and energy deployed on every one of our mandates.”
April 2022 - Astris voted LatAm Financial Advisor of the Year by IJ Global - for the 5th time in a row! - and Proximo Infra
This is now the fifth time in a row and the sixth time in seven years that Astris Finance has received the Latin America’s Financial Advisor of the Year award.
Astris's 2021 achievements:
26 deals closed across Europe, the Americas and Southeast Asia
$ 5.6bn of debt raised
Latin America Financial Advisor of the Year Award by both IJ Global (for the 6th time in 7 years!) and Proximo Infra (for its inaugural award)
Deal of the Year Awards: Puerto Antioquia (Sponsors: Colombia Banana Industry Stakeholders/CMA-CGM/Eiffage) by IJ Global and Alfa Desarollo (Sponsors: Celeo/APG) by PFI Magazine
From left to right: Romain Papassian (Head of Infra for the Americas), Tobey Collins (Head of Energy for the Americas), and Juan Francisco Toro (Head of infra for Latin America), receive the Proximo Latin American Advisor of the Year award.
New York, 9 March 2022
Washington DC, 1 April 2022
Dear friends,
It is this time of the year again – and I am very pleased to report that Astris Finance has been named 2021 Financial Advisor of the Year for Latin America by both IJ Global and Proximo Infra.
Our landmark Puerto Antioquia project in Colombia also won the IJ Global Latin America Transport Deal of the Year award. This $792 m greenfield container port project -- on which we have been working for over seven years -- is expected to drastically cut the CO2 footprint and improve the economic efficiency of international trade from and to the north of Colombia. More later on this fascinating project.
These awards cap an exciting year 2021 for Astris in Latin America. Beyond Puerto Antioquia, we have helped take six projects to financial close in Colombia, Mexico, Chile, Brazil and Peru, adding up to USD 2.3 bn of debt raised. In particular, Astris advised Dutch pension fund APG and Spanish developer Celeo on the c. USD 1.2 bn acquisition and financing of the Colbun transmission line portfolio in Chile, through an innovative 30-year project bond.
This is the sixth time in seven years that Astris Finance has been named IJ Global Financial Advisor of the Year for Latin America. As we continue strengthening our position in the Latin American infrastructure and energy space, I would like once again to thank all our clients and partners for the fantastic relationships we have established over the years -- and I want to thank our team for the rigor, the creativity and the energy they deploy on every one of our mandates.
Kind regards,
Fabrice Henry
Chief Executive Officer
July 2021 - Astris voted LatAm Financial Advisor of the Year by IJ Global's Panel of Experts - for the 4th time in a row!
This is now the fifth time in six years that Astris Finance has received the Latin America’s Financial Advisor of the Year award.
Astris's 2020 achievements:
25 deals closed across our core regions Europe, the Americas and Southeast Asia
11 deals closed, $2.3 bn of debt raised in LatAm alone
INTI Solar also named Latin America’s Renewable Refinancing of the Year - speaking to the firm's positioning across the energy sector in LatAm (Sponsors: Ardian / SolarPack)
Fabrice Henry, Group CEO said: "The leading position we have achieved in Latin America rests in large part on the great relationships we have established with all of you: sponsors and investors, governments and granting authorities, multilateral and bilateral financing institutions, commercial banks and institutional investors, and advisors. We thank you wholeheartedly for this fruitful cooperation!"
See also the Infrastructure Journal interview of Tobey Collins, Romain Papassian and Juan Francisco Toro by clicking here.
April 2019 - Astris Finance Voted Latin America’s Financial Advisor of the Year
Astris Finance is pleased to announce that this year again, Astris Finance has been named Financial Advisor of the Year for Latin America, an award granted by IJGlobal and selected by a panel of industry participants and experts.
March 2018 - Astris voted Financial Advisor of the Year Latin America by IJ Global's Panel
We are very pleased to announce that once again Astris has been named Financial Advisor of the Year for Latin America, an award granted by IJ Global and selected by a panel of industry participants and experts. Astris Finance had been nominated together with SMBC, Santander, Macquarie Capital and Itau. The award was announced on March 15, 2018 at the Deal of the Year Award dinner in New York City. In the same award ceremony, the Celeo Redes bond financing, for which Astris served as financial advisor to the Sponsor, was also named Latin America Refinancing Deal of the Year.
The award caps an exciting year for Astris in Latin America, with seven deals closed and three bids won for major infrastructure projects across a variety of markets -- Chile, Argentina, Mexico, Peru, Colombia, Panama and Brazil -- and a variety of sectors -- renewable energy, toll roads, ports, transmission lines and conventional energy.
In his remarks upon receiving the award, Astris Chief Executive Officer Fabrice Henry said: “An independent advisory firm like Astris relies on two great assets to build a successful track record: a solid base of outstanding clients with visionary leadership who year after year have been placing their trust in us; and a highly motivated team who never spares their effort and energy to deliver innovative financing solutions for our clients. I sincerely thank both our clients and our team members for making this award happen.”