SWEN Capital Partners has held the first close of the second vintage of its infrastructure fund dedicated to renewable gas and circular economy initiatives – SWEN Impact Fund for Transition 2 (SWIFT 2)– at EUR150 million.
SWIFT 2 is aiming for a final close at EUR300 million, with the aim to build a portfolio of about 20 renewable gas assets, primarily in Europe, with a ticket size ranging from EUR5 million to EUR50 million.
The fund invests directly in methanisation and renewable hydrogen, as well as in green infrastructure such as renewable heat networks and energy storage.
Like its predecessor, SWIFT 1, SWIFT 2 will dedicate more than half of its investments to biomethane, a business experiencing strong growth in Europe. Meanwhile, investments in green hydrogen should make up a significantly larger share of this second vintage.
