Omnes investing in Swedish solar designer with 1.2-GW pipeline

• French framework fund manager Omnes Capital has actually made an investment of an undefined quantity in Sweden's HP Solartech, a utility-scale solar project programmer with 1.2-GW pipe.

The investment was performed as part of a capital elevating initiated by HP Solartech, the latter's economic consultant Ernst & Young claimed on Monday. Details concerning the bargain and also the names of other financiers that took part in the financing round were not revealed.

According to HP Solartech's website, the firm's present development profile contains 750 MW of projects, with 16 MW being unfinished and 90 MW identified as upcoming. Amongst the projects incomplete are three solar plants of 4.6 MW each in Sweden that are due to go online by end-2022.

Omnes has entered into HP Solartech's financier base with the Capenergie renewable funds. The funding is attended allow the Swedish company to implement its near-term independent power producer method.