TagEnergy receives EUR450m capital injection

• Funds will support shipment of a 2.7 GW pipe extending projects in the UK, France, Iberia and also Australia

Energy storage space designer TagEnergy has actually obtained a EUR450m capital injection to support shipment of its 2700MW portfolio of projects in Europe as well as Australia.

Mirova, a French sustainable possession supervisor, and also affiliate of Natixis Investment Managers, as well as Omnes, a personal equity and infrastructure financier made the investment.

The EUR450m capital injection will drive the first delivery of TagEnergy's growing portfolio of greater than 2.7 GW in 5 countries spanning the UK, Spain, Portugal, France and Australia.

Impala and TagTeam Holding, the holding business for TagEnergy's manager-shareholders, will certainly remain to manage the company.

Impala remains the main shareholder with the biggest risk under the new shareholding structure.

Mirova and Omnes each hold a solid minority share.

Raphael Lance, head of Mirova Energy Transition Funds, and also Omnes companion Marc-Philippe Botte will certainly join the TagEnergy board.

TagEnergy Chief Executive Officer Franck Woitiez welcomed the capital injection from major like-minded investors and also said business would certainly make use of the funds to provide as well as grow its pipeline of projects throughout multiple international markets.