Climate Change Capital Private Equity, a EUR200m fund dedicated to clean technology, is making a EUR10m investment in Enerqos, an Italian company specialising in the construction of lar
Climate Change Capital Private Equity, a EUR200m fund dedicated to clean technology, is making a EUR10m investment in Enerqos, an Italian company specialising in the construction of large-scale solar farms.
CPE will become the only institutional investor in Enerqos following this round and will be represented by Bruno Derungs on Enerqos’ board.
Enerqos, headquartered in Monza with offices across Italy, France and Greece, provides its customers with traditional EPC and operation and maintenance services, complemented by photovoltaic (PV) system integration capabilities. The company will use the capital infusion to develop its presence in the European PV construction market and to fund the construction of additional solar farms in France, Italy and Greece.
‘To receive the support of a strategic partner such as CPE, one of the important private equity investor in the renewable energy sector in Europe, is tremendously significant for us,’ says Marco Landi, president of Enerqos. ‘The trust that CPE has placed in our company underlines the validity of our business model and is the ultimate acknowledgement of our achievements so far. We are extremely pleased to welcome this new partner, who will undoubtedly help us to fulfill our ambitious international expansion plans.’
Bruno Derungs, a partner in CPE, says: ‘After carrying out an extensive and in-depth market analysis, CPE recognised Enerqos’ status as a leading engineering company in the photovoltaic market. Enerqos has successfully positioned itself in this way due to its first-class management team, the presence and exposure to the fastest growing photovoltaic markets in Europe and the company’s sound and differentiated value proposition. We are delighted to collaborate with a company that has already experienced such exceptional growth.’
Legal representation for the investment agreement was provided by Gianni, Origoni and Grippo Partners and Watson, Farley and Williams.
