EOS Investment Management launches second tranche of its Italian PV fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
EOS Investment Management launches second tranche of its Italian PV fund

EOS Investment Management, an independent full-scope Alternative Investment Fund Manager (AIFM), has launched the second tranche of its Italian PV fund, Efesto Energy fund.

The Efesto Energy fund, which is fully incorporated in Luxembourg, was originally launched by the London-based
group in 2014. It gives international investors access to Italy’s renewable energy and solar market by pooling together photovoltaic (PV) power plants into a single vehicle.

The fund currently has a portfolio valued at approximately €60 million (US$65.5 million) with a total capacity of 25 MW and it is composed of solar assets stretches across 8 Italian regions. The fund aims to achieve a net internal rate of return (IRR) above 10 per cent.

Ciro Mongillo, CEO of EOS IM, says:

“Over the past few years, we have been approached by many international investors looking to target renewable energy but being unable to access it. Based on 25 years of experience, it’s easy to see why experienced investors, with an eye on the future, have ramped up their global solar investments and, by all indications, will continue to do so. Furthermore, investors are seeing the attractiveness of solar energy as an asset class since it meets effective ESG criteria.”

The company added:

“Solar power in Italy has long been an attractive proposition for foreign investors attracted by the generous subsidies soaring to €6.7 billion in 2013. Such a solarfriendly investment environment pulled in more than EUR 50 billion in solar investment over the past five years, bringing some 17 GW of additional PV capacity over that period.”

List of country news

Country news

  • December 22, 2015

    Quercus and Swiss Life Asset Managers to acquire Antin Solar Investments

    Quercus Assets Selection and Swiss Life Asset Managers have bid for Antin Solar Investments (ASI) and its Italian photovoltaic (PV) portfolio, headed by infrastructure fund Antin Infrastructure Partners. Read more
  • July 08, 2013

    AXA Private Equity acquires stake in Italian hospital concession

    AXA Private Equity, the leading European diversified private equity firm, announced last Friday that it has signed an agreement to acquire through its infrastructure funds, Unicredit's 40% stake in HISI (Holding di Investimenti in Sanità  e Infrastrutture). AXA Private Equity already owns 40% of the share capital of HISI and, following this acquisition, the firm will own 80% of the company's capital. Read more
  • July 22, 2013

    Financial close reached for 39.5m new garbagnate Milanese hospital PPP

    Garbagnate Salute S.p.A., a joint venture formed by Pessina Costruzioni S.p.A. (majority shareholder), Carbotermo S.p.A. and CO.GE Costruzioni Generali S.p.A., has closed a €39.5 million project financing to design, construct and operate a new hospital in Garbagnate, Milan. Read more
  • August 07, 2013

    Bolzano launches tender for prison PPP project

    The province of Bolzano, in northern Italy, has launched a tender for design, finance, build, operation and maintenance of a new penitentiary center. Read more
  • August 07, 2013

    UniCredit joins pool of banks for TEM Milan ring road PPP project

    The Tangenziale Esterna Spa, the concessionaire responsible for designing, implementing and managing for 50 years the Milan Outer Eastern Bypass (Tangenziale Est Esterna di Milano - TEEM), Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.