Vortex Energy has announced its investment of 222 million euros ($237 million) of equity capital in Spain.
Vortex, which is a global renewable energy platform managed by the private equity arm of EFG Hermes, is working in partnership with Spain’s Ignis.
It has been reported that Ignis has been "executing effectively on its ambitious growth strategy, with more than 1GW of Ignis’ Spanish portfolio."
The company informed that it is set to start site preparations while it will have 500MW in construction. Besides, the company has "expanded its international footprint to aggregate 11GW of solar, wind and battery storage pipeline outside of Spain," a report stated.
Antonio Sieira, founder and CEO of Ignis commented, “We continue achieving key milestones on the route of taking Ignis to become a major global fully-integrated renewable energy company. We cherish our partnership with Vortex Energy and look forward to a bright future together.”
On the other side, CEO of Vortex Energy Karim Moussa, stated, “Ignis’ management skills and quality of its portfolio continue to solidify its market position.”
He further said that Vortex Energy will support the partnership to achieve the common growth path.