Capenergie 4 teams up with Ortus in Italy

2^nd December 2021 – 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 8^th 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.”