The Paris-based private equity and infrastructure specialist Omnes has announced the first closing of Capenergie 5, its fifth-generation renewable energy fund, at EUR800 million (US$863 million).
The target size of Capenergie 5 is EUR1.35 billion (US$14.5 billion). Capenergie 5 aims to invest in fifth-generation renewable energy developers with the goal of turning them into independent power producers. Omnes has realized 5 investments in leading European renewable energy developers with Capenergie 5: Turn Energy, a leading Swedish solar PV developer; CCE Holding, an Austrian/German IPP with a pan-European portfolio; Faria Renewables, a Greek PV developer; Enova Value 2.0, a German onshore wind repowering joint venture with established developer Enova; and Integrum Renewable Energy, a UK-based solar PV and integrated battery storage developer. These 5 companies are developing and building a multi-GW pipeline across 10 countries.
Capenergie 5 has attracted existing and new French and international investors. LPs include AG Insurance, AkademikerPension, Bpifrance, Caisses du Crédit Agricole, Golding and Industriens Pension as well as other French and European insurance companies, pension funds, foundations, funds of funds and family offices.