Eiffel Investment Group Leads €323 Million Financing Facility for Omnes Portfolio company Power Capital Renewable Energy
Dublin / Paris – Power Capital Renewable Energy (“Power Capital”), Ireland’s leading solar Independent Power Producer (IPP) with a growing focus on battery energy storage systems (BESS), has successfully closed a landmark financing facility of up to €323 million, led by Eiffel Investment Group.
This holdco financing facility complements the recently announced strategic equity partnership with Infranity and Omnes, designed to accelerate Power Capital’s growth trajectory in the near term.
The initial tranche of €168 million will refinance existing debt facilities from 2023 and 2024, while also providing flexible capital to support the execution of Power Capital’s business plan. The facility, which may be upsized to €323 million, is being used to finish the development and build most of Power Capital’s assets. It has been structured as a bond listed on the Vienna Stock Exchange.
With 230 MW of operational capacity since 2024, 330 MW under construction for completion in early 2026, and a development pipeline exceeding 5 GW of solar PV and BESS assets, Power Capital stands as Ireland’s largest solar IPP. The company is vertically integrated across the full lifecycle of its assets—from development and construction to long-term operation—and has secured success in all RESS auctions to date. Power Capital also maintains active power purchase agreements with global technology leaders including Microsoft and Google.
This transaction aligns with Eiffel’s strategy of providing flexible debt capital to European IPPs to fund their construction and late development expenses. €2.2 billion have already been invested by Eiffel along this strategy.
“Since our partnership with PCRE started in 2020, the company has steadily implemented its business plan, becoming Ireland’s leading IPP. This financing complements the recently announced investment from Infranity and we are very proud to have Eiffel Investment Group, an investor with shared values and strategy, as a continuing partner in PCRE.”
“We are delighted to support Power Capital's strong management team and its shareholder Omnes Capital in their ambitious growth trajectory and help them accelerate the development and construction of renewable energy parks across Ireland. Eiffel’s capacity to structure flexible debt transactions of more than €150m fits with the plan of European IPPs, such as Power Capital, to accelerate their growth.”
“We are proud to have Eiffel Investment Group lead on this transaction. Their deep expertise in infrastructure, and flexible approach to structuring has enabled us to secure capital aligned with our growth ambitions.”
Akereos Capital acted as sole bookrunner, structurer, and exclusive debt adviser to Power Capital on this transaction.
About Omnes Capital
Omnes is a leading private equity firm dedicated to the energy transition. With over €6.7 bn in assets under management, our teams support long-term partnerships with entrepreneurs through our four core businesses: renewable energy, sustainable cities, deeptech and co-investment. For over 20 years, Omnes has been applying its expertise to help businesses grow in more than 15 countries, with a particular focus on sustainable development. As part of its approach as a responsible investor, the company has created the Omnes Foundation to support non-profit organisations working for children and young people in the fields of education, health, social and professional integration.
For more information: www.omnescapital.com
About Eiffel Investment Group
Eiffel Investment Group is an asset manager with c. €7 billion under management (as of 30/06/2025, including uncalled commitments). Eiffel Investment Group's investor base consists of large institutional investors (insurance companies, mutual insurers, pension funds, banks, family offices, public investors, etc.) as well as retail investors via intermediated distribution. Backed by the Impala group founded by entrepreneur Jacques Veyrat, Eiffel Investment Group cultivates a strong industrial expertise, in particular in the field of the energy transition. Eiffel finances companies and their assets through four main strategies: private debt, private equity, energy transition (infrastructure debt and equity, private equity), and listed credit and equities. Eiffel Investment Group invests for a sustainable world. Its investment strategies aim to generate not only a strong financial performance but also positive social and environmental impacts. Eiffel Investment Group's team counts around 110 talented professionals, with offices in France (Paris), BeNelux (Amsterdam), Italy (Milan), Poland (Warsaw), the United States of America (New York) and the UAE (Abu Dhabi).
Eiffel Investment Group ranked globally #5 and #2 in Europe in the Infrastructure Investor Debt report released on March 13th, 2024. Please refer to the Infrastructure Debt 30 ranking published by Infrastructure Investor for more details.
For more information: www.eiffel-ig.com
About Power Capital Renewable Energy
Founded in 2011 by Peter Duff and Justin Brown and headquartered in Dublin, Power Capital Renewable Energy is Ireland’s leading independent power producer (IPP), specializing in utilityscale solar photovoltaic (PV) and battery energy storage system (BESS) projects. The company operates across the full lifecycle of its assets—from site selection and design to financing, construction, and long-term operation—ensuring high-performance, sustainable energy
generation. With over 230 MW operational, 330 MW under construction, and a development pipeline exceeding 5 GW, Power Capital is at the forefront of Ireland’s energy transition. The company has been successful in all RESS auctions and maintains long-term power purchase agreements with global technology leaders including Microsoft and Google.
For more information: www.powercapital.ie