Vortex Energy, a leading renewables-focused investment vehicle in Europe, managed by the private equity arm of EFG Hermes, has invested in Ignis €222 million ($238 million) of equity capital to date, fulfilling the terms of its partnership with Ignis that it initiated last year.
Since Vortex Energy’s initial investment in fourth quarter 2021, Ignis has been executing effectively on its ambitious growth strategy, with more than 1 GW of Ignis’s Spanish portfolio secured with all key permits to reach ready-to-build status. The company is set to start site preparations and will have 500 MW under construction in due course. Ignis’s management has been actively negotiating more than 500 MW of bilateral PPAs with blue-chip and reputable off-takers. Moreover, the company has expanded its international footprint to aggregate 11 GW of solar, wind and battery storage pipeline outside of Spain.
Vortex Energy continues its active strategy to support Ignis’s growth with €4
