Infracapital partners with Enel X to acquire an 80% stake in a new Spanish company focused on energy efficiency projects, enhancing their Cogenio joint venture and expanding their capabilities in the growing Spanish energy market.

Target Company Overview

Infracapital is making its second investment in Spain, marking the inaugural project for Infracapital Greenfield Partners I LP (IGP I or the Fund) in the country. The Fund's objective is centered around investing in, delivering, and operating essential greenfield infrastructure assets that are in late-stage development, construction, or expansion across various sectors. This strategy aims to address the evolving needs of society while fostering long-term economic growth within Europe.

The acquisition will enhance the Cogenio joint venture between Infracapital and Enel X, which was established in Italy in December 2018. This platform focuses on developing energy efficiency projects specifically for commercial and industrial clients.

Industry Overview in Spain

The Spanish energy efficiency market has experienced significant growth, driven by increasingly stringent environmental regulations and rising energy costs. As a result, companies are seeking in

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Infracapital

invested in

Cogenio

in 2023

in a Buy & Build / Roll-Up deal

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