Sources told Daily News Egypt that Vortex Energy will invest up to €476m through its newly launched Vortex Energy IV Fund and its co-investors into Ignis via a series of capital injections, which will be deployed over the coming few years subject to certain conditions. This will allow Ignis to fund its growth plans and transform into a fully integrated renewable independent power producer (IPP) in Spain and other geographies.
Vortex Energy continues its active strategy to support Ignis’ growth with about €46m of equity set to be injected in Q4 2022 and a further about €176m of equity in Q1 2023.Â
The sources added that Vortex Energy will raise over €625m in finances through its newly launched Vortex Energy IV Fund and its co-investors for Ignis via a series of capital injections, which will be deployed over the coming few years, subject to certain conditions.
Platform targets $750m in fund size within 2 years
Transaction further solidifies Vortex Energy’s track-record in creating value for its investors
Vortex Energy, a European renewable energy platform managed by the private equity arm of EFG Hermes, completed on Wednesday the divestiture of a 49% stake in its Pan-European operational wind power portfolio managed and co-owned by EDPR, selling the stake to institutional investors advised by J.P. Morgan Asset Management. The portfolio includes 56 operational wind …
Sale involves one of largest wind energy portfolios in Europe
