Platina Partners LLP Closes €209M European Renewable Energy Fund
Summary
Platina Partners LLP, a London, Paris and Milan based-private equity fund manager specialising in renewable energy and buyouts in turnaround situations, closed its European Renewable Energy Fund (EREF) with total commitments of €209m.When completed, this project will represent 8% of the installed capacity in the Republic of Cyprus.2) Arico solar photovoltaic plant (November 2009) the 70m joint acquisition with Anemoi of an 11MWp PV project in Spain which contributes to making Platina one of the leading private equity renewable investors in the local solar market (over 30MW in operation today).EREF has around 150 million of uncommitted funds ready to be invested in projects at all stages of development with typical enterprise values for operational assets of €20-200m.Building on the renewed support of its existing investors, Platina has also expanded its investor base for EREF, attracting banks, funds of funds and pension funds from across Europe, with Access Capital Partners, the European Investment Bank, Euro Private Equity, the Finnish State Pension Fund and Partners Groupamong the new investors.