European Clean Energy Developer TagEnergy Raises €570 MillionTo Drive Growth

Clean energy developer and investor TagEnergy announced today a major capital injection, the closing of a dual currency (AU$ and €) green bond totalling a maximum of €570,000,000 (equivalent) with Copenhagen Infrastructure Partners (CIP) and GIC as investors. The fund raise comes at possibly the best time ever for European RE developers, with a market that can’t seem to have enough from such firms . This transaction is a key milestone for TagEnergy as the issuance will be instrumental in supporting the growth of its renewable energy portfolio of onshore wind, battery energy storage systems (BESS) and solar PV assets across the UK, Europe and Australia.

The fresh capital raise brings in two new investors in the company, including french sustainability-focused investment manager Mirova and private equity investor Omnes, along with TagEnergy majority shareholder Impala SAS Group. Each of the three investors will invest €150 million. TagEnergy was founded in 2019 as part of the Impala SAS Group, owned by Jacques Veyrat.

Founded in 2019, TagEnergy develops and invests in clean power stations, with operations spanning the renewables value chain, from development, financing, construction and asset management of wind, solar and storage projects, to commercialisation of its competitive energy. The company has developed a portfolio of more than 2.7GW of storage, solar and wind projects in the UK, Australia, Spain, Portugal and France. TagEnergy has successfully achieved financial close on several renewable energy projects within its portfolio recently including the 756MW first stage of the 1.3GW Golden Plains Wind Farm onshore wind mega-project in Victoria, Australia as well as four BESS facilities across the UK totalling 169MW.

Post funding, Impala remains the largest shareholder in TagEnergy and will continue to control the company together with TagTeam Holding, the holding company for TagEnergy’s manager-shareholders.

Impala Chairman and Founder, and TagEnergy Chairman, Jacques Veyrat said:

“We share TagEnergy’s core values and principles of boldness, responsibility and flexibility. This capital raising is also a timely decision to support TagEnergy’s growth at a critical time of transition in the renewable energy industry. I look forward to the next stages of our development with confidence in the business and our new investor partners.”