Munich-based Solutio AG has entered into a strategic partnership with Alantra Solar, the renewable energy division of the international financial services provider Alantra. The aim of the joint venture is a joint renewable energy fund, according to a Solutio press release. The fund for institutional investors is to be launched this year as an Article 9 fund in accordance with the EU Disclosure Regulation (SFDR) and will have a target volume of between 500 million and one billion euros.
According to Solution, the planned fund will invest directly in solar energy and energy storage projects in Spain, Italy, France, Germany and the UK. The focus will be on financing projects that make a significant contribution to the energy transition in Europe and are in line with the objectives of the EU’s ‘REPowerEU’ programme and the ‘Green Deal’, in particular the recently published Green Deal Industrial Plan.
According to Alantra Solar, it has financed solar projects with a total capacity of 5.2 gigawatts and invested more than one billion euros in photovoltaics since it was founded in 2021. Four funds have been successfully launched to date. ‘The cooperation with Solutio AG enables us to further expand our expertise in the field of renewable energies and to jointly establish a fund that meets the high requirements of an Article 9 fund,’ says Javier Mellado, CEO and partner of Alantra Solar.
© PHOTON
