London-based Temporis Investment Management has reached its target of €100 million ($112 million) for Temporis Aurora LP, the firm’s renewable energy development platform.
The fund was launched and held its first close in July, according to Temporis. It was backed by the Ireland Strategic Investment Fund, Allied Irish Banks and Encavis, with ISIF conditionally committed to increase its investment in the fund at subsequent closings.
The firm could not be reached to comment on the latest fundraise and its investor base.
The fund had a target commitment size of €100 million ($112 million) and a maximum commitment size of €150 million ($168 million), with a 12-year lifespan.
Temporis aims to support the development of more than 1,000 megawatts of pre-construction renewable energy projects and associated enabling energy storage infrastructure in Ireland, through the fund.
The firm manages a number of private and public renewable energy portfolios together totaling more than 250 megawatts in the United Kingdom and the Republic of Ireland, targeting projects between 500 kilowatts and 60 megawatts. It focuses on projects within the onshore wind, hydro, biomass, solar, energy efficiency and landfill gas sectors.
