Renewable Energy & Infrastructure

Tages Capital SGR S.p.A. manages the infrastructure asset management business and is a unique platform to invest in Italian solar market consolidation.

The Renewable Energy & Infrastructure Team  

Tages is now a leading consolidator in the Italian PV market. We invest in solar power plants, typically with 4-5 years of operating history, with the aim to rationalise management activities and increase plant efficiency. The PV plants in which we invest will be owned by the relevant fund until the expiry of state incentives (approx. 20 years)

Tages’ first fund, Tages Helios, raised over €250 million from institutional investors. 75% of this capital came from insurance companies, with the remainder from pension funds, banks and family offices.

The second vintage, Tages Helios II, was launched in May 2018 and has raised a total of €150 million between the first and second closings. It has an investment objective in line with Tages Helios, focusing mainly on the solar market in Italy with up to a maximum of 25% in other renewable energy technologies. Fund II has a target total size of €400-500 million.

Tages has established a partnership, through Delos Power S.r.l., with Italian renewable energy plant manager Renam, for the management of the PV plants acquired by Tages Funds.

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