– Tages Capital SGRsaid the asset manager specializing in private markets alternative investment funds two new achievements through its Tages Helios Net Zero fund, dedicated to renewable energy investments and the energy transition.
The first acquisition refers to a portfolio that consists of: 151 photovoltaic systems already operating with a total capacity of 122.7 MW, almost all located in Puglia; Of these, 99 MW have tracer technology.
The second portfolio consists of: 45 photovoltaic system already in operation with an installed capacity of about 38.1 MW located in Campania, Puglia, Molise, Emilia-Romagna, Marche, Lombardy, Sicily and Lazio.
For both acquisitions, Tages Capital SGR was able to use a 563 million euros in funding which includes credit lines in place for already completed acquisitions, refinancing of pre-existing debt and financing of plant renovation and retrofitting interventions, as well as residual access to be realized in the future for further investment activities.
Funding was provided to A a pool of six banks which includes BNP Paribas, Intesa Sanpaolo, Société Générale, Banco Bilbao Vizcaya Argentaria, Credit Agricole and Banco BPM, all acting as bookkeeper, green loan coordinator and lender. Intesa Sanpaolo also acted as Custodian Bank and Agent Bank.
Additionally, one was finalized in early May further funding action for generals 153 million euros, is valid for certain investments made by the Tages Helios II fund during 2023 for the acquisition of a total of 99 MW of photovoltaic systems. The credit lines were signed by 8 banks: BNP Paribas, Intesa Sanpaolo, Société Générale, Banco Bilbao Vizcaya Argentaria, Bayerische Landesbank, Banco BPM, BPER Banca and CaixaBank, all acting as bookkeeper, green loan coordinator and lender. Intesa Sanpaolo also acted as Custodian Bank and Agent Bank.
“With these two important acquisitions, Tages strengthens its position as the second Italian operator in the photovoltaic sector,” he commented. Umberto Quadrino, President of Tages and CIO of Tages Capital SGR – The financing operations carried out with leading Italian and international banks show that Tages is today a reference player in the renewable energy market recognized by the financial world. Thanks to the two acquisitions, Tages has withdrawn approximately 90% of the €330 million raised in the first year of fundraising for its third Tages Helios Net Zero fund. The fund continues to attract institutional investors and private banking networks due to its excellent risk-return profile and regular distributions.
