Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Wind farm

29672

Repower partners with Omnes for Repower Renewable JV

RELATED TOPICS​

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.”

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by