Developer, advisor, and investor join forces to pioneer an innovative co-investment model

Milan, 26th February, 2026 -  EQUITA Green Impact Fund (EGIF), the infrastructure fund dedicated to renewable energy investments, qualified as an Article 9 product under the SFDR Directive[1], and managed by EQUITA Capital SGR, announces the closing for a new investment in two wind farms in Castelpagano (Campania) and Rapone (Basilicata).

With a total installed capacity of 53.6 MW (9 turbines) and already in a ready-to-build phase, the projects present an innovative co-investment model, which aligns the interests of the financial partner EGIF, the developer Cogein Energy, and the advisor MFZ Angels.

The three partners will all be involved in the projects as equity shareholders and will work together to maximize the industrial value and the positive environmental and social benefits of the initiative.

EGIF — which completed its fundraising in 2025 with €156.6 million — has acquired a minority stake in the SPVs and has committed to providing the funding needed to develop the wind farms through a shareholder loan structure. Cogein Energy, on the other hand, has retained a majority stake in the SPVs and will ensure the operational and business continuity of the project, leveraging its ten-year expertise and knowledge of the local areas. Lastly, MFZ Angels has actively participated in the project by advising the industrial partner and subscribing for a 5% equity stake in the SPVs, transforming the traditional role of an advisor into an investment partner.

The project presents a mitigated risk profile for EGIF, thanks to the commitment of the developer as the majority shareholder and the advisor as a co-investor, which will ensure a full alignment of interests from all perspectives.

Balthazar B. Cazac, Managing Partner at EGIF, commented: "With the investments in Castelpagano and Rapone, EGIF confirms its ability to structure complex transactions that go beyond the simple acquisition of assets. We have chosen to support a model where infrastructure finance is placed at the service of those who have managed the project for years, creating a synergy between capital, territory, and technical expertise that is fundamental for the success of the energy transition in Italy."

"This new project joins the other investments in our portfolio, including those arising from the partnership with Dominion—an international entity active in promoting end-to-end services and projects—with whom two photovoltaic plants have already been built in Sicily and Basilicata, for a total capacity of approximately 33 MW.”

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EQUITA Green Impact Fund (EGIF) is a 10-year-close-end fund which reached €156.8 million in fundraising and invests in renewable energy assets across Italy and Europe, with a focus on solar PV, wind, and biogas technologies. Managed by EQUITA Capital SGR, a wholly owned subsidiary of EQUITA Group, and qualified as an Article 9 product under the European Sustainable Financial Disclosure Regulation (SFDR), EGIF is committed to generating attractive risk-adjusted returns while contributing to the energy transition.