Investment platform AXA IM Alts acquires stake in Iberian renewables company Finerge

Finerge’s operating capacity is currently close to 2GW while this investment will support the growth of the platform by securing further projects in the development, construction and operation of wind farms and solar PV plants in Portugal and Spain.

Julien Gailleton, Deputy Head, Infrastructure at AXA IM Alts, comments: “Our conviction is that climate change is the great issue of this century and the central risk of tomorrow. We believe that integrated renewable energy independent power producers like Finerge, which have the capacity to scale as 21st century utilities, will be essential to delivering the energy transition as fast as it is needed. We look forward to partnering with Igneo and the Finerge management team to accelerate the build out of the Finerge fleet across solar, wind and other energy transition technologies.”