Swiss energy operator Repower, through its Italian branch, Repower Italia, and Omnes, a Paris-based European investor in private equity and infrastructure, via its Capenergie 3 fund, have formed a joint-venture Repower Renewable, aimed at managing the portfolio assets and at developing new generation projects in the renewable energy sector.
Repower Renewable’s portfolio is made up of hydro, solar and wind assets for a total capacity of about 90 MW built in the last 15 years by Repower or by Elettrostudio Energia. All the assets and the future activities of Repower Renewable are based in the Italian market.
Repower Renewable is held 65 per cent by Repower Italia and 35 per cent by Capenergie 3 (a fund dedicated to renewable energy and managed by Omnes). The overall value of the portfolio is around EUR100 million. The establishment of Repower Renewable follows the latest market trends which indicate a general recovery of the renewable business in Italy and is consistent with Repower’ strategic objectives aiming at having 100 per cent of its own production to be generated from renewable sources.
Fabio Bocchiola, Italy country manager, Repower, says: “Repower Renewable represents a key element of the growth strategy in green energy production and confirms Repower’s interest in the Italian market. The new group created with the Omnes fund will leverage our existing plant and projects and a significant group of plants created by Elettrostudio Energia along years of development in small/medium size projects in different technologies.”
Serge Savasta, Managing Partner, Omnes, says: “With the Capenergie funds, Omnes is a forerunner in financing Europe’s energy transition. For more than 10 years, Omnes investment strategy has consistently been to develop clean energy production capacity in partnership with French and European SMEs. We have found in Repower a perfect partner to realise this ambitious objective.”
