Aquila Capital, an asset manager specializing in sustainable real asset investments, recently launched a closed-end Article 9 fund with a €600 million ($650 million) target.
Aquila Capital Energy Transition Fund I (ETF I) is backed by shareholder Commerzbank and will target value-added infrastructure investments in Europe.
The fund already has committed €50 million ($54 million) to a ready-to-build, grid-connected battery energy storage system in Germany. With a power capacity of 56 megawatts and an energy capacity of 112 megawatt-hours, the project is expected to become operational in 2026. Aquila Clean Energy EMEA, a company of Aquila Group, will support the project in the construction and operation phases.
In addition to grid-scale battery storage systems, ETF I also invests in behind-the-meter solutions for decentralized renewable-energy generation, such as home energy systems and enabling infrastructure including EV charging networks and industrial heat
