
Business (IR)
EQUITA Green Impact Fund - EGIF launches deployment phase with a 74 MW solar PV portfolio, in partnership with DOMINION, and announces second closing at €140 million
Milan, January 22nd, 2025 - EQUITA Capital SGR – one of the primary multi-asset management platforms in Italy and part of the EQUITA Group, the leading independent Italian investment bank – is pleased to announce that EQUITA Green Impact Fund (EGIF) has launched its deployment phase with a binding offer to acquire a 75% stake in a 74 MW solar PV portfolio from DOMINION – a global services and end-to-end projects company. The portfolio comprises four ready-to-build projects located in Sicily and Basilicata, Italy.
This agreement follows EGIF’s successful second closing completed in December 2024, which brings the fund size to €140 million.
The partnership with DOMINION marks a significant step in EGIF's commitment to supporting the energy transition in Italy. DOMINION will oversee the construction and development of the solar PV projects, ensuring adherence to the highest ESG standards.
Balthazar Cazac, Managing Partner at EGIF, commented: "We are thrilled to launch EGIF's deployment phase with this strategic acquisition. This partnership underscores our commitment to investing in high-quality renewable energy projects that contribute to Italy's decarbonization goals. We are excited about the potential of these projects to deliver clean energy and generate attractive returns for our investors. We are confident that this is just the beginning of a long and fruitful collaboration with DOMINION, leveraging their extensive portfolio of upcoming projects in Italy."
“EGIF's second closing at €140 million demonstrates strong investor confidence in the fund's strategy and our experienced management team. EGIF is targeting a final close at €200 million by Q4 2025.”
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About EQUITA Green Impact Fund (EGIF) – EGIF is a 10-year closed-end fund investing 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.
About DOMINION – DOMINION is a global company that provides services and end-to-end projects, offering solutions in the areas of industry, technology and telecommunications, energy, and infrastructures. They are committed to helping clients transition towards more efficient and environmentally friendly business models.