Omnes Capital
Estelle Eonnet
Omnes and Infranity announce strategic partnership with leading Irish Renewable Energy producer Power Capital Renewable Energy
For immediate release – September 10, 2025
Dublin / Paris – Omnes Capital (“Omnes”) and Infranity today announced a strategic equity partnership with Power Capital Renewable Energy (“Power Capital”), the leading solar independent power producer in Ireland also focused on battery energy storage systems (BESS). The partnership is designed to accelerate Power Capital’s next phase of growth while advancing Ireland’s energy transition.
With a 230MW operational fleet of solar PV, 330MW under construction and an over 5GW pipeline of solar PV and BESS, Power Capital is the largest solar IPP in Ireland. The company operates across the entire life cycle of its power plants, developing, constructing and operating the assets and has delivered close to 1GW of ready-to-build solar PV projects with secured offtake through power purchase agreements and government-backed subsidies.
Omnes, Infranity and Power Capital’s management team will support execution of the company’s business plan, focusing on disciplined deployment, including in BESS, and enhanced offtake optionality, while maintaining best in class asset operations and HSE standards.
The transaction was signed at the end of July and is subject to customary approvals. Closing is expected by the end of September 2025 once the required approvals, including regulatory ones, are obtained.
Akereos Capital acted as financial adviser to Power Capital, which was also advised by Dentons, Arthur Cox and Philip Lee (legal). Infranity was advised by Rubicon Capital Advisors (financial) and A&L Goodbody (legal).
“Over the past four years, we have worked closely with the Power Capital management team to support the company’s evolution into Ireland’s leading solar IPP. Their execution, vision, and commitment to operational excellence have been instrumental in reaching this milestone. We’re delighted to welcome Infranity as a strategic partner in the next phase of growth. The investment will further strengthen the company’s leadership position and enhance the company’s ability to deliver on its ambitious pipeline.”
“We are pleased to partner with Omnes as a key shareholder of Power Capital. We have been impressed by what the management team, supported by Omnes, has achieved and by their plans to address the country’s energy transition. We look forward to contributing actively to the continued growth of Power Capital, including into BESS, helping to build a balanced portfolio across technologies. This strategic investment perfectly matches our funds’ mandates and represents another milestone for our latest equity fund.”
“This landmark capital raise marks a pivotal moment for Power Capital as we accelerate the delivery of over 5GW of solar PV and BESS projects across Ireland. The backing from new shareholder Infranity alongside the continued support of Omnes, reflects strong confidence in our vertically integrated model and our mission to lead Ireland’s energy transition. With this funding, we are well-positioned to scale our operations, create long-term value, and contribute meaningfully to a more sustainable energy future.”
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 economic integration.
For more information: www.omnescapital.com
About Infranity
Infranity is an asset management company specializing in sustainable infrastructure investments. The company was founded by three partners, Philippe Benaroya, Alban de La Selle and Gilles Lengaigne, as part of a strategic partnership with the Generali Group and manages c.€12.5 billion of assets under management on behalf of institutional investors as of June 2025. The investment solutions deployed by Infranity are based on the resilience of the asset class and its stable returns over the long term, as well as its ability to contribute to sustainable development. They seek to respond to the major challenges facing society, such as the energy transition, green mobility, the digital transition and the improvement of social infrastructure in the health and education sectors.
This positioning, combined with a high degree of selectivity in the investment process, enables Infranity to generate sustainable value for its clients. Infranity 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.
Infranity is part of the Generali Investments’ ecosystem of asset management firms, and a key component of Generali’s capabilities in real assets.
For more information: www.infranity.com
Our sustainability commitments are available on our website.
About Power Capital Renewable Energy
Power Capital is the leading independent power producer in Ireland, founded in 2011 by Justin Brown and Peter Duff. Following strategic investment from Omnes in 2020, the Company has grown its development pipeline to over 5GW of solar PV and battery storage projects in Ireland. The Dublin based Company has a growing team spread across development, planning, engineering, finance, legal, asset management and construction.
For more information: www.powercapital.ie