Equita Capital鈥檚 European renewable energy infrastructure fund is investing in two Italian wind projects alongside Cogein Energy and MFZ Angels.
The Equita Green Impact Fund (EGIF) has acquired a minority stake in a special purpose vehicle and committed to providing the funding required to develop the Castelpagano, Campania and Rapone, Basilicata wind farms via a shareholder loan structure.
Cogein Energy remains the majority shareholder in the vehicle and will manage the project鈥檚 operations. MFZ Angels has moved from an advisory capacity to a partner role by acquiring a 5% equity interest in the vehicle.
The project has a total installed capacity of 53.6MW and has reached the ready-to-build stage.
Balthazar B Cazac, managing partner at Equita Green Impact Fund, said: 鈥淲ith the investments in Castelpagano and Rapone, EGIF confirms its ability to structure complex transactions that go beyond the simple acquisition of assets.
鈥淲e have chosen to support a model where infrastructure finance is placed at the service of those who have managed the project for years, creating a synergy between capital, territory, and technical expertise that is fundamental for the success of the energy transition in Italy.鈥�
鈥淭his new project joins the other investments in our portfolio, including those arising from the partnership with Dominion 鈥� an international entity active in promoting end-to-end services and projects 鈥� with whom two photovoltaic plants have already been built in Sicily and Basilicata, for a total capacity of approximately 33MW.鈥�
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