03 September 2009

Climate Change Capital Private Equity invests €10m in Italian solar company Enerqos

London, 3 September, 2009 - Climate Change Capital Private Equity ("CPE"), a €200m fund dedicated to clean technology, is making a €10m investment in Enerqos Spa, a leading Italian company specialising in the construction of large-scale solar farms. CPE will become the only institutional investor in Enerqos following this round and will be represented by Bruno Derungs on Enerqos' board.

Enerqos, headquartered in Monza with offices across Italy, France and Greece, provides its customers with traditional EPC and Operation & Maintenance services, complemented by high added-value services and unique photovoltaic (PV) system integration capabilities. The company will use the capital infusion to further develop its already substantial presence in the European PV construction market and to fund the construction of additional solar farms in France, Italy and Greece.

"To receive the support of a strategic partner such as CPE, one of the important private equity investors in the renewable energy sector in Europe, is tremendously significant for us", declared Marco Landi, President of Enerqos. "The trust that CPE has placed in our company underlines the validity of our business model and is the ultimate acknowledgement of our achievements so far. We are extremely pleased to welcome this new partner, who will undoubtedly help us to fulfill our ambitious international expansion plans", Landi continued.

Commenting on the investment choice, Bruno Derungs remarked, "After carrying out an extensive and in-depth market analysis, CPE recognised Enerqos' status as a leading engineering company in the photovoltaic market. Enerqos has successfully positioned itself in this way due to its first-class management team, the presence and exposure to the fastest growing photovoltaic markets in Europe and the company's sound and differentiated value proposition. We are delighted to collaborate with a company that has already experienced such exceptional growth."

Legal representation for the investment agreement was provided by Gianni, Origoni and Grippo Partners and Watson, Farley and Williams.


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ENQUIRIES:

Climate Change Capital Ltd
Daniel Cremin +44 (0)20 7939 5319    dcremin@c-c-capital.com

Enerqos SpA
Stephanie Footman + 33 (1) 55 02 15 06 s.footman@open2europe.com

 

About Enerqos SpA

Enerqos (www.enerqos.com) is one of Italy's largest turnkey suppliers of solar systems and plants. Its headquarter is located in Monza (MI) and the company has offices in Rome, Navacchio (Pisa), a subsidiary in France and Greece and will soon open offices in Spain and Cyprus. The company was created three years ago by a group of managers with relevant international experience, and has succeeded in establishing itself as a key player in the solar parks and PV systems industry in Europe.



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