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Finergreen
Finergreen is a renewable energy M&A advisory boutique founded in 2013, operating from 12 offices and having advised on over €15B in transactions.
Finergreen
Finergreen launched in 2013 when founder Damien Ricordeau left a career in traditional energy banking with Natixis and BNP Paribas to build an advisory firm focused exclusively on renewable energy. From a single office in Paris, the firm expanded methodically into markets where renewable project pipelines were growing faster than local advisory capacity — first into Africa, then the Middle East, Latin America, and Southeast Asia. The firm remains independent, owned by its partners, with no disclosed external capital from private equity or strategic acquirers. Finergreen advises on a transactional chain that spans the full life cycle of an energy project. Its publicly cited mandates include mergers and acquisitions of operational portfolios, raising project and corporate finance, and structuring power purchase agreements — the offtake contracts that underpin bankability. Technology coverage spans onshore wind, utility-scale and distributed solar, run-of-river and reservoir hydro, biomass-to-energy, battery storage, and green hydrogen. In Africa alone, the firm has closed deals in Côte d'Ivoire, Burkina Faso, Senegal, Kenya, and South Africa, working with developers backed by development finance institutions such as Proparco and the IFC. Finergreen also publishes an annual league table ranking active financial advisors in the African renewables market (per the firm's official communications, 2025). By early 2025, the firm operated from offices in Paris, Madrid, Dubai, Abidjan, Nairobi, Mexico City, New York, Munich, and Singapore. Finergreen’s total headcount exceeds 80 professionals (per the firm's official communications, 2025), organized by geography rather than siloed asset class, so a transaction director in Dubai can pull structuring expertise from the Paris or Madrid teams. In May 2024, the firm formalized its carbon and environmental commodities capability, adding a dedicated carbon offset and environmental markets advisory desk (per the firm's official communications, May 2024). Finergreen’s structural distinction has nothing to do with fund management. The firm does not raise a balance sheet and faces no competition-of-interest from an in-house investment vehicle — a clean advisory mandate that project developers and institutional funds cite as a reason for engagement. Its narrow sector focus creates an information edge: a team that does nothing but renewables M&A sees transaction volumes and pricing benchmarks that generalist banks do not, and a deal team in Abidjan shares a pipeline and valuation methodology with a team in Singapore, turning geographic sprawl into data density rather than dispersion.
General information
Firm type
Asset Manager
Year founded
2013
AUM
Undisclosed
Location
Region
Europe
Country
Spain
City
Madrid
Corporate office
Madrid, Spain
Additional offices
Paris, France · Abidjan, Côte d'Ivoire · Dubai, UAE · Nairobi, Kenya · Mexico City, Mexico · Munich, Germany · New York, USA · Singapore
Principals
Damien Ricordeau
Founder & CEO
Sector focus
Frequently asked questions
Does Finergreen invest its own capital or manage funds?
No. Finergreen is a pure advisory firm and does not manage a proprietary investment vehicle or private fund. Its revenue derives entirely from advisory fees on M&A, project finance, and offtake mandates. This clean structure is cited by clients as removing the conflict that arises when an advisor also functions as an investor in the same deal.
What types of renewable energy transactions does Finergreen most frequently execute?
Finergreen’s transaction mix spans three main types. The first is M&A — the sale of stakes in operating renewable portfolios or development-stage projects. The second is project finance — raising senior debt or mezzanine financing for specific assets. The third is offtake advisory — structuring power purchase agreements with corporate buyers or utilities. The firm also executes corporate finance and joint-venture mandates for developers seeking strategic partners.
How does Finergreen's geographic presence influence its African and Middle Eastern deal flow?
Finergreen operates permanent offices in Abidjan, Nairobi, and Dubai, which anchor its sub-Saharan Africa and Middle East & North Africa transaction pipeline. The firm publishes an African renewables financial advisory league table annually, tracking its own transaction volume against peers. By having full-time dealmakers on the ground rather than flying in from Europe, the firm negotiates local offtake contracts and development finance structures with a shorter decision loop than many Paris- or London-based competitors.
Which sectors does Finergreen explicitly not cover?
Finergreen does not advise on fossil fuel extraction, thermal power generation from coal or natural gas, nuclear power, or transmission and distribution networks outside a renewable generation context. Its mandate is narrowly defined as energy transition, which deliberately excludes any hydrocarbon-based advisory work — a boundary the firm has maintained since its founding in 2013.
Who runs the firm's investment decisions and transaction execution?
Founder and CEO Damien Ricordeau leads the firm overall, with regional managing directors running autonomous offices across Africa, the Middle East, Latin America, and Asia. Transaction execution is handled by a senior pool of M&A directors in Paris and Madrid, who can be pulled into any geography, giving the firm a single-brand, single-methodology approach to renewables advisory regardless of where a deal originates.
Does Finergreen participate in fund commitments or only direct deals?
Finergreen does not participate as a fund investor. Its sole business line is transaction advisory on direct infrastructure and equity deals in the renewable energy sector. The firm does not structure or market third-party funds, and does not advise limited partners on manager selection.
What is Finergreen's known posture on co-investments alongside external financial sponsors?
Finergreen does not co-invest. Its capital market role is to introduce project developers to financial sponsors — ranging from infrastructure funds and impact investors to development finance institutions — and to negotiate the transaction terms on behalf of the seller. The firm takes no equity risk in the assets it advises on, which maintains a clear fiduciary alignment with the mandate-granting party.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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