Capenergie 4 fund signs two new investments in Europe

Capenergie 4 fund signs two new investments in Europe
Thursday, June 4, 2020

Omnes has signed two solar energy partnerships through its Capenergie 4 fund, with ILOS New Energy in Germany and Prosolia Energy in Spain. The fund, dedicated to renewable energy, now has three deals in its portfolio after investing in Danish solar energy supplier Better Energy in December 2019. Other deals are currently in advanced stages of being analysed.

Capenergie 4 maintains the same successful strategy of previous vintages: Capenergie 1 (€109m raised in 2006). Capenergie 2 (€145m raised in 2010) with a 15% investor net IRR and investor net multiple of 2x, and Capenergie 3, which (€245m raised in 2017). The goal of the Capenergie funds is to provide European renewable energy developers with growth capital to support their transformation into independent power producers. These two transactions perfectly illustrate this strategy.

Serge Savasta, Managing Partner, Omnes: “Since 2006, our ambition has been to enable European renewable energy developers to become independent producers of electricity. This success is based on a proven strategy, combining private equity and infrastructure. Capenergie 4 follows the same trajectory as previous vintages. We are confident that we will complete a final close by the end of the year in line with our fundraising target."

ILOS New Energy: a German solar power developer with pan-European ambition

ILOS New Energy is an international solar power developer, based in Germany and founded by Michael Winter and Nikolaus Krane, two experts in utility-scale systems and the solar industry. The aim of this partnership is to create a platform of pan-European solar power projects exceeding
1,5 GW. The company has already developed a project pipeline comprising more than 500 MW in the Netherlands, Ireland, the UK, Spain and Italy. Omnes is partnering with the company with the objective to become an independent power producer (IPP) across several markets.

Michael Pollan, Partner, Omnes: “We are delighted to forge this new partnership with ILOS. The company is leveraging its pan-European network of developers to build a portfolio of projects targeting 1.5 to 2 GW. We are proud to be supporting them in carrying out this ambitious European project".

Michael Winter and Nikolaus Krane, co-CEO, ILOS New Energy: “After a thorough selection process, we have found a true partner which perfectly matches our entrepreneurial values and market strategy”.

Prosolia Energy a leading player in the solar power sector in Europe

Based in Spain and founded in 2003, Prosolia Energy is a leading player in the solar energy sector with the Iberian Peninsula as its main market. The group develops projects for the production of photovoltaic solar energy, enabling it to be built and operated. The company has a pipeline of projects over 1 GW in Europe. The aim of the deal is to enable the company to become an independent electricity producer and to develop, build and operate most of its projects.

Benjamin Stremsdoerfer, Director, Omnes: "This partnership with Prosolia is fully in line with Capenergie 4's strategy: allowing the commissioning and operating of several hundred MW of non-subsidised renewable energy projects within several countries. We are delighted with this deal with one of the pioneering players in the development of non-subsidised photovoltaic projects. Prosolia has a solid portfolio and experience”.

Javier Martínez Sanz, CEO, Prosolia Energy: "We are delighted to announce this partnership with a leading player. Omnes has recognized experience within the sector and in supporting companies towards an independent energy production model as Prosolia Energy initiated in 2016. We share a common and ambitious vision of the future of the solar industry as it becomes increasingly decentralized and competitive. Today, we are giving ourselves the means to achieve our objectives and carry out this transition”.