Estelle Eonnet
Head of Communications
Paris, France — Omnes, a leading Paris-based private equity and infrastructure firm, is pleased to announce the final close of its fifth-generation renewable energy fund, Capenergie 5, which took place on December 17th 2024. The fund has raised €2.05 billion, including €250 million in co-investments, significantly surpassing its initial €1.35 billion target and hard cap of €1.65 billion. This final close represents the largest fundraising in Omnes’ history, raised within a two-year period, and reaffirms the firm’s position as a leader in financing the energy transition.
The fund continues Omnes’ proven strategy of providing growth capital to leading European renewable energy developers, enabling their transformation into independent power producers (IPPs). Capenergie 5 builds on the success of its predecessor funds: Capenergie 1 (€109m, 2006), Capenergie 2 (€145m, 2010), Capenergie 3 (€245m, 2017), and Capenergie 4 (€900m, 2021). The global AUM of the strategy stands at €4.3 billion.
Capenergie 5 received strong support from Omnes’ existing investor base, with a re-up rate of nearly 100%, alongside commitments from new institutional investors globally. The fund attracted strong interest from a diverse group of insurance companies, pension funds, sovereign wealth funds, family offices, and fund of funds. Notable participants include Sogecap, P+, AG Insurance, AkademikerPension, Bpifrance, Caisses du Crédit Agricole, Golding and Industriens Pension.
Leadership insights
“Surpassing €2 billion in commitments for Capenergie 5 marks a historic achievement for Omnes, especially in the context of a challenging market. This impressive milestone reflects the success of our long-term strategy, and the trust placed in us by our investors and partners. It highlights our ability to deliver superior returns while driving the energy transition forward.”
“We are proud to have surpassed our fundraising target, and we are grateful for the continued confidence shown by our investors and partners. Capenergie 5 further reinforces Omnes’ leadership in renewable energy investing.”
“Our strategy focuses on partnering with best-in-class renewable energy developers who are driving the energy transition. By supporting our entrepreneurs in their journey to becoming IPPs, we contribute to the creation of a sustainable future where economic success and environmental responsibility go hand in hand.”
A record of Impact and Growth
Since its launch on December 20th, 2022, Capenergie 5 has already executed seven investments in top-tier European renewable energy developers. Together, these developers collectively hold a portfolio of over 516 projects, representing a potential capacity of over 21.9 GW across 13 countries, including Germany, Greece, Sweden, Finland and Australia.
The portfolio companies backed by Capenergie 5 include:
- TagEnergy (Portugal): A global IPP with a focus on wind, solar PV and BESS
- Erneuerbare Energien Fabrik (Germany): An onshore wind and solar PV developer
- Turn Energy (Sweden): A leading solar PV developer
- CCE Holding (Austria/Germany): An IPP with a pan-European portfolio, with a focus on solar PV
- Faria Renewables (Greece): A solar PV, onshore wind and BESS developer
- Enova Value 2.0 (Germany): A joint venture focused on onshore wind repowering
- Enray Power – formerly Integrum – (UK): A solar PV and BESS developer
Capenergie 5 aims to support 10 European renewable energy developers as part of its broader strategy to accelerate the energy transition.
Europe needs to electrify its industry to ensure its path towards growth. The development of its renewable energy sector is a key factor in this success. Capenergie 5 represents Omnes’ commitment to facilitating this transition.
About Omnes Capital
Omnes is a leading private equity firm dedicated to the energy transition. With over €6.3 billion in assets under management, our teams support long-term partnerships with entrepreneurs through our four core businesses: renewable energy, sustainable cities, deeptech and co-investment. For over 20 years, Omnes has been applying its expertise to help businesses grow in more than 15 countries, with a particular focus on sustainable development. As part of its approach as a responsible investor, the company has created the Omnes Foundation to support non-profit organisations working for children and young people in the fields of education, health, social and economic integration. www.omnescapital.com