Kyotherm Acquires 155 MW Portfolio for €120M

Kyotherm, a prominent player in renewable heat and energy efficiency investments, has significantly expanded its international operational capacity by acquiring a 155 MW portfolio. This strategic move, valued at approximately €120 million, marks a substantial advancement in the company's mission to lead industrial and building decarbonization efforts worldwide.

The acquired assets comprise 11 operational projects, all secured by long-term contracts and spread across six diverse markets: the United States, United Kingdom, Ireland, Portugal, Sweden, and Singapore. This geographic diversification enhances Kyotherm's resilience and market penetration, aligning with the growing global demand for sustainable energy solutions. The portfolio includes a mix of biomass, geothermal, cogeneration, and energy-saving technologies, reflecting Kyotherm's established expertise in a broad spectrum of decarbonization strategies.

This acquisition is underpinned by an innovative financing structure, utilizing a long-term debt facility. This demonstrates Kyotherm's robust capability in securing structured financing against predictable, long-term cash flows, a critical factor in scaling infrastructure investments. The integration of these operational assets boosts Kyotherm's consolidated capacity to 414 MW, solidifying its position as a capable manager of complex, multi-jurisdictional energy infrastructure.

The transaction was supported by InfraVia, which has been instrumental in accelerating Kyotherm's investment strategy since November 2024. This acquisition of brownfield assets complements Kyotherm's traditional strength in greenfield project development, creating a more balanced and diversified investment profile. Arnaud Susplugas, CEO of Kyotherm, emphasized the deal's significance, stating, “This transaction is more than just an increase in capacity; it is a testament to our ability to execute complex, international transactions that provide decarbonization impact. We are strengthening our international footprint to better serve our global partners with long-term, reliable financing solutions.”

Aymar de Tracy, Partner at InfraVia, highlighted the ongoing partnership and the strategic importance of this acquisition. “Since InfraVia’s investment in 2024, Kyotherm has continued to develop its portfolio, and this acquisition is a significant step in Kyotherm’s journey. We would like to congratulate the Kyotherm team for delivering this complex and value-add acquisition and innovative financing structure that further supports the build-up of a global platform in renewable heat and energy efficiency.” The acquired projects benefit from long-term agreements with creditworthy industrial and commercial clients, ensuring stable revenue streams.

This expansion positions Kyotherm to capitalize on the accelerating shift towards net-zero economies. The global market for renewable heat and energy efficiency solutions is projected for substantial growth, driven by regulatory pressures and corporate sustainability goals. By integrating operational assets, Kyotherm not only increases its immediate impact but also enhances its platform for future growth and investment in critical decarbonization infrastructure.