EQUITA Partners with Dominion for 74MW Solar Portfolio
Funding | Jan 22, 2025 | Finance Community IT - 3 Private Equity
EQUITA Capital SGR, an Italian multi-strategy manager active in the alternative asset market, has signed a binding agreement through its EQUITA Green Impact Fund (EGIF) to acquire 75% of a solar photovoltaic portfolio from Dominion. This portfolio, located in Sicily and Basilicata, comprises four ready-to-build projects with an installed capacity totaling approximately 74MW. This agreement marks the commencement of EGIF's investment phase following its successful second fundraising round completed in December 2024, which increased the fund's size to €140 million. The partnership highlights EGIF's strategic focus on supporting Italy's energy transition. Dominion will oversee the development and construction of the plants, ensuring high ESG standards. EGIF Managing Partner Balthazar Cazac expressed enthusiasm for this strategic entry into green infrastructure aimed at advancing energy transition and decarbonization in Italy. With the fund's current closing at €140 million, plans are to raise commitments up to €200 million by Q4 2025.
Sectors
- Renewable Energy
- Private Equity
Geography
- Italy – EQUITA Capital is an Italian company and the photovoltaic projects are located in Sicily and Basilicata, Italy.
Industry
- Renewable Energy – The article focuses on a solar photovoltaic project and the promotion of renewable energy through green investments.
- Private Equity – Involves EQUITA Capital, a private equity entity managing investment strategies in the renewable energy sector.
Financials
- €140 million – Size of the EQUITA Green Impact Fund after second fundraising round completed in December 2024.
- €200 million – Targeted commitments for the EQUITA Green Impact Fund by the fourth quarter of 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQUITA Capital SGR | Private Equity Firm | Company | An Italian multi-strategy asset manager active in the alternative asset market. |
| EQUITA Green Impact Fund (EGIF) | Acquirer | Company | A fund by EQUITA Capital focused on green infrastructure and renewable energy projects. |
| Dominion | Seller | Company | An international company involved in end-to-end project services, selling a 75% stake in a solar portfolio to EGIF. |
| Balthazar Cazac | Managing Partner | Person | Managing partner of EQUITA Green Impact Fund. |