Pioneer Point Partners, a sustainable European infrastructure investor, has committed more than €100 million ($106 million) to two new investments in the energy-efficiency sector.
The Pioneer Infrastructure Partners fund acquired a majority stake in PerPetum Europe N.V. in Belgium and invested in Comat Servizi Energetici in Italy. Following its launch in 2020, the fund held a €575 million ($610 million) final close in February 2022, exceeding its initial €500 million ($530 million) target.
PerPetum, a Belgium company that develops, constructs, owns and operates decarbonization energy projects for commercial and industrial (C&I) customers, was founded in 2007 as a contractor for rooftop solar and has since expanded to become a vertically integrated decarbonization solutions provider. The company has core expertise in solar PV, where it has installed more than 500 megawatts of capacity to date. PerPetum is increasingly focused on multi-technology solutions for