Omnes Capital announces the final closing of its Capenergie 3 fund for a total amount of
€245 million. The third-generation fund, dedicated to European renewable energy infrastructure investments, has exceeded its target size of €200 million.
Omnes Capital received support from its historic investor base as well as new French and foreign institutional investors, such as the European Investment Bank (first EIB equity investment made within the context of the European Juncker plan), La Banque Postale, CRPN, Le Fonds de Réserve pour les Retraites, Ircantec, PRO BTP, SWEN Capital Partners and several Crédit Agricole Group entities.
Capenergie 3 follows in the footsteps of the successful Capenergie 1 and Capenergie 2 funds, which raised €109 million in 2006 and €145 million in 2010 respectively. The fund targets European renewable energy infrastructure projects. These decentralised projects are developed by key SMEs in the sector (wind, solar PV, hydro and district heating).
Capenergie 3 has already made four investments in wind and solar power projects in France and Italy, which are expected to amount more than 200 MW. Additional investments in France, Portugal and Germany are at an advanced stage.
The fund aims to install 500 MW of renewable electricity production capacity, create more than 1,000 local direct and indirect jobs and mobilise €1 billion of investment Europe energy transition.
Serge Savasta, Managing Partner, Omnes Capital, commented : “With the Capenergie funds, Omnes Capital is a forerunner in financing Europe’s energy transition. For more than 10 years, Omnes Capital’s investment strategy has consistently been to develop clean energy production capacity in partnership with French and European SMEs. With Capenergie 3, we are proud to continue pursuing this objective on behalf of our investors.”
About Omnes Capital
Omnes Capital is a major player in private equity and infrastructure. With €3.4 billion in assets under management, it brings businesses the capital needed to finance their growth through its three main business segments: Venture Capital, Buyout and Growth Capital, and Infrastructure.
Omnes Capital is a pioneer in the energy transition, having launched its first fund, Capenergie, in 2006. The company has since made 35 investments in renewable energies in France and Europe for a total production capacity of 1.5 GW. In 2016, Omnes Capital launched Construction Energie Plus, the first French fund entirely focused on the construction of high-environmental-performance buildings.
Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The company is now wholly owned by its employees. Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI).
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