Infrastructure investment manager Infranity has invested €125m for a stake in Benelux clean energy producer Energy Solutions Group.
The Generali-backed infrastructure investor is investing €75m through a capital increase and €50m through a secondary transaction to become a shareholder in Energy Solutions Group to help expand the business.
The size of the stake was not disclosed.
Patronale Life remains Energy Solutions Group’s largest and majority shareholder, alongside the company’s founding managers.
Louis-Roch Burgard, co-head of Infranity’s equity strategy, said: “We look forward to actively support and accompany Energy Solutions Group in the acceleration of its expansion, particularly into BESS [battery energy storage system], and help build a balanced portfolio of assets.”
Energy Solutions Group said the capital increase, combined funds raised in December 2024 from Alpha Renewable Energy Fund, will enable the company to accelerate the development of a portfolio of solar, wind, energy storage and charging activities.
Energy Solutions Group, which has a strong presence in Belgium and the Netherlands, expects to achieve 1.6GW of operating capacity by 2027.
Bert Creemers, CEO of Energy Solutions Group, said: “The entry of Infranity into Energy Solutions Group’s capital represents a significant milestone in our IPP [independent power producer] journey as it will significantly strengthen our company. It also evidences the constant success of ESG’s strategy over the years.
“The growth capital will enable us to take the necessary steps to further expand our energy production and storage portfolio in the coming years, increasing our impact on the energy transition in Belgium and the Netherlands.”
Diederik Baeté, co-CEO of Energy Solutions Group, said: “We strongly believe in combining production and flexible assets such as storage to achieve smart solutions. Current energy markets present many opportunities to scale up smart integrated solutions and this capital increase allows us to strengthen our leading role.
“We consider Infranity, a seasoned energy infrastructure investor with pan-European experience, to be the ideal partner to support us in this growth story.”
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