Climate Change Capital Private Equity (CPE), a €200m fund dedicated to clean technology, is making a €10m investment in Enerqos, an Italian producer of large-scale solar farms.
The Monza-based company will use the funds to further develop its already substantial presence in the European photovoltaic construction market and to finance the construction of additional solar farms in France, Italy and Greece.
In an official statement, Marco Landi, President of Enerqos, was reported as saying that this investment underlines the validity of Enerqos’ business model.
“We are extremely pleased to welcome this new partner, who will undoubtedly help us to fulfill our ambitious international expansion plans”, he added.
Commenting on the investment, Bruno Derungs, who will represent CPE on Enerqos’ board, said: “After carrying out an extensive and in-depth market analysis, CPE recognised Enerqos’ status as a leading engineering company in the photovoltaic market. Enerqos has successfully positioned itself in this way due to its first-class management team, the presence and exposure to the fastest growing photovoltaic markets in Europe and the company’s sound and differentiated value proposition”.