US based Ortus Climate Mitigation LLC and Paris based fund Capenergie 4, managed by Omnes and dedicated to investments in the renewable energy space, announced today an investment into Ortus Power Resources Italy, Srl. This new partnership combines the significant resources of both Ortus and Capenergie 4 in meeting the needs of the Italian renewable energy sector to help accelerate the transition to renewable energy and mitigate the effects of climate change.
Ortus Power Resources Italy, Srl (“Ortus”), a subsidiary of Ortus Climate Mitigation, was formed to acquire and to advance completion of renewable energy projects. Ortus’ portfolio is comprised of several hundred MW of onshore wind and solar PV projects at various stages of development. Ortus intends to build up to 1 GW of renewable power in Italy by the end of the decade.
Omnes is a highly respected private equity investment firm based in Paris, managing in excess of €5.0bn, of which €2.2bn in the infra space. Omnes is committed to partnering with Ortus in order to drive Ortus’ growth by financing the development and subsequent construction of its Italian portfolio. Both Ortus and Omnes see tremendous opportunity in the Italian renewable energy sector.
Serge Savasta, Managing Partner at Omnes said: “We are delighted to announce this partnership with Ortus, the 8th investment of our Capenergie 4 fund, which had its final close at €660m in 2021. Our portfolio is well diversified, with a presence in renewable energy platforms with underlying activities in 14 European countries, representing more than 15 GW of projects, with a healthy mix of photovoltaics and wind projects”.
Marc-Philippe Botte, Partner at Omnes said “This investment is an excellent addition to our existing infrastructure portfolio. Omnes’ goal for a long time has been to support developers who are well acquainted with the local market to develop into leading independent power producers. We have been working with Ortus since the spring of 2020, watching them navigate the complex issues associated with the Italian renewable energy sector. We feel that Ortus is an ideal partner for us. We are excited to help accelerate the Italian energy transition through the set-up of this ambitious partnership.”
Peter A. Gish, Co-Founder and Co-CEO of the Ortus companies said: “Italy has always been a leader in the renewables sector in Europe. Two decades after having had the privilege of helping build the IVPC franchise, I’m excited to return to Italy to continue this important work with Omnes and Ortus. Our financing acumen, strategic relationships with equipment suppliers, extensive development experience and focus on Corporate Social Responsibility is very compelling. We are particularly pleased to be able to make this announcement in conjunction with Wind Europe 2021.”
Ken Shewer, Co-Founder and Chairman of the Ortus companies added “This investment represents a significant commitment to the renewable energy sector at a time when the Italian government is increasing its obligations to the growth of the industry. The financial support from Omnes confirms their faith in the Ortus team’s capability to operate in every part of the renewable energy value chain. Creating a sustainable economy to help lessen the effects of climate change requires action, not just words. The partnership between Omnes and Ortus intends to address this issue and the monumental task ahead to achieve a Net Zero world.”
Omnes is a leading French private equity firm fully regulated by the French financial service authority (AMF, Autorité des Marchés Financiers), having over €5.0bn of assets under management. Employing over 65 investment professionals, Omnes is a multi-strategy platform operating in several segments of the private equity market as LBO & Growth Capital, Private Debt, Venture Capital, Co-Investment, and a specific team dedicated to investments in the renewable energy field. Omnes is fully owned by its employees and is 100% independent. With €2.2bn under management, in renewable energy investments alone, Omnes has developed expertise in renewables through a dedicated team which has accompanied SMEs since 2006 with their Capenergie funds. The Omnes Renewable Energy team has built a strong track record in supporting renewable energy entrepreneurs across Europe and has become a leader in transforming European developers into IPPs. Their investment strategy is based on long-term partnerships, built on trust and common values.
Ortus is a subsidiary of Ortus Climate Mitigation, a meta-platform founded by four industry veterans with deep expertise in the renewable energy and alternative investment sectors. The platform is the culmination of a shared vision of the founders to develop and implement climate mitigation initiatives globally. Ortus Climate Mitigation has a wide geographic presence with projects ranging from early to late-stage development including wind, solar, storage and pumped storage hydro in the US, Italy, Eastern Europe and North Africa. Ortus’ wind, solar, energy management and power market initiatives are helping our planet make the transition to a clean and sustainable future while having a positive impact on local communities through its Corporate Social Responsibility (CSR) program. The platform integrates cutting-edge technology, proprietary algorithms for defining market opportunities, advanced risk mitigation techniques, and diversification across a broad range of climate mitigation investment sectors.