Equita Capital’s 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’s 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: “With the investments in Castelpagano and Rapone, EGIF confirms its ability to structure complex transactions that go beyond the simple acquisition of assets.
“We 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.”
“This new project joins the other investments in our portfolio, including those arising from the partnership with Dominion – an international entity active in promoting end-to-end services and projects – with whom two photovoltaic plants have already been built in Sicily and Basilicata, for a total capacity of approximately 33MW.”
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