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Bailey McCann, Opalesque New York: Tages Capital SGR has closed its Tages Helios Investment Fund on €253 million. Tages Helios is a renewable energy investment fund focused exclusively on the Italian solar infrastructure sector and represents one of the largest fundraisings dedicated to the sector.
New investors included Aviva, the international insurance group, as well as Equiter, an Italian investor in real estate infrastructure assets and part of the Intesa SanPaolo Group. The rest of the fund's investor base comes from a mix of insurance companies, pension funds, foundations and qualified investors. Other known investors in the fund include Fondazione Cariplo and Italian insurance companies Eurovita, Generali, Intesa Vita, and Unipol.
Banking pensions with Monte dei Paschi di Siena and Banca Consulia have also invested in the fund.
Tages Helios has already invested approximately 60% of the overall committed capital. With a portfolio of 60 solar plants and an installed capacity of 157 Megawatts (MW), Tages Helios is the third largest operator in the Italian solar infrastructure sector.
The Fund now has over €100 million to invest over the coming months to continue building its pipeline of investments.
Tages Helios, together with Delos Power has taken over a significant portion of the Italian solar market. The companies have recently completed a major project to improve the efficiency of the acquired plants which will be managed by the De...................... To view our full article Click here
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