Cleantech and renewables remain energetic

Renewable energy remains an important sector amid the much calmer markets, especially in Southern Europe. This month HgCapital and Foresight Group completed two project finance deals in Spain. HgCapital has acquired a 5.25MW photovoltaic (PV) project situated in Toledo, marking their fifth Spanish acquisition, and a sister project to two of the three AIG acquisitions carried out in May (a EUR300m deal).

Hg has a total of 265MW (18 projects) in operation across Europe; 60MW (2 projects) permitted and in pre-construction phase and interests in a further 250MW (20 projects) in late stage, pre-permitting or development.

Meanwhile, Foresight acquired a 9MWp solar PV plant in the Castilla-La Mancha region from Banco Santander. The plant has been operational since July 2008 and benefits from a 25-year fixed (indexed) feed-in no longer accessible to new projects.

The enthusiasm for the sector is also present at the LP level. Indeed, on the fundraising side, Arcano Capital launched Arcano Earth Fund, a EUR250m fund-of-funds focusing on clean technologies and renewable energy fund managers around the world. The fund has a target of EUR250m.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• Southern Europe