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Canada Pension provides mezzanine financing to Sosteneo for deal with Enel
Investors - JUNE 28, 2024

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Canada Pension provides mezzanine financing to Sosteneo for deal with Enel

by Lewis Dayton

The Canada Pension Plan Investment Board (CPP Investments) has provided approximately €200 million ($214 million) in mezzanine financing to Sosteneo to acquire 49 percent of the share capital of Enel Libra Flexsys. The agreement was announced earlier this year.

Enel Libra Flexsys is a major energy transition infrastructure developer and manager in Italy, with 23 battery energy storage system projects in place with a total capacity of 1.7 gigawatts (GW), as well as three open-cycle, gas-turbine projects with a total capacity of 0.9GW.

Sosteneo is a part of the Generali Investments ecosystem.

“The financial closing of Enel Libra Flexsys is a major milestone, and we are pleased to be delivering investments of this ca

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