News Article

Capital Stage And ISIF Enter €140m Partnership With Power Capital


Capital Stage AG, has announced a partnership with the Ireland Strategic Investment Fund (ISIF) to co-invest in the Power Capital (PC) portfolio, consisting of more than 20 parks with a total generating capacity of 140 megawatts (MW). It marks the first time that ISIF has committed to financing solar park developments in the country.

The project involves developing more than 20 new solar parks primarily along the east and southwest coasts, from Louth to West Cork. The individual parks will range in size between 5 MW and 25 MW. Planning permission was secured on 110 MW by the end of 2017, with the remaining sites expected to secure permission in the first quarter of 2018.

The Irish Government has committed to generating some 40 per cent of its electricity from renewable energy sources by 2020. A new public support scheme for renewable energy sources to reach this target was announced in September. A KPMG report on the potential benefits of solar energy in Ireland concluded that the industry could reasonably deploy over 3,750 MW from now to 2030.

Power Capital was co-founded by Peter Duff and Justin Brown in 2011. Peter Duff said: "Today marks a significant step forward in the lifetime of this ambitious and exciting project. It rubberstamps a major commitment from ISIF and from Capital Stage, whose input and investment will help us progress this high-quality pipeline of solar parks along Ireland's east and southwest coasts. Their commitment to this project is not just a vote of confidence in Power Capital, but also in the solar market in Ireland generally, which is currently on an upward trajectory". Mr Duff added that Power Capital is: "actively engaging with large energy consumers in Ireland who have commitments in terms of meeting their high energy demands through renewable sources".

Dierk Paskert, CEO of Capital Stage AG, said: "The Irish renewable energy market offers significant opportunities. The partnership announced today positions us perfectly to participate in the positive development of that market. Capital Stage is a long-term investor in renewable energy, thinking in decades rather than in years. Multinational and local corporates with growing demand for green energy will be served by the partnership, be it directly through power purchase agreements or indirectly via the regulated market."

Paul Saunders, Head of Innovation and Special Investments of ISIF, said: "ISIF is delighted to be partnering with an experienced renewable energy investor such as Capital Stage to support the development of the nascent Irish solar energy sector. This partnership supports Ireland's continued transition to a low carbon economy against a backdrop of Ireland possessing a solar resource similar to that in southern UK and northern Germany where solar energy has delivered steady returns for institutional investors. We look forward to working with Capital Stage and Power Capital to deliver similar success in the Irish market over time."

UK Green Tech Company Myenergi To Double Workforce By 2021
Low Carbon Develop UK’s Largest Community-owned Solar Park
TLT Advises Innova Energy On £30m Refinancing Of 57 MW Solar Portfolio
Power Roll Trials Solar PV To Power Up Himalayan Villages
FIMER Powers UK Largest Rooftop Solar Project
FRV And Harmony Energy To Develop Second UK Utility Scale Battery Project
Everoze Creates Skyray To Design And Engineer Great Solar PV Projects
New Innovation Set To Change Renewable Energy Market
Sonnedix Named ESG Global Solar Power Generation Sector Leader By GRESB
Habitat Enerdy Enters Balancing Mechanism With Largest Battery
NextEnergy Capital Acquires Its First Asset In Portugal 17.4MWp Solar PV Project
SOLARWATT Links With Easy Roof To Provide Building-integrated PV For Better-looking Buildings And Smart EV Charging
TLT Advises Santander On 30MW Flagship Battery Storage Project
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Greencoat Renewables Announces First Transaction In Nordic Market
Tandem PV Devices Feel The Heat
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Solar Power As Rental Offer Launched By Aggreko
The Smarter E South America Postponed To October 18-20, 2021
Sunstore Solar Launches WattGrid, A New Range Of Turnkey Off-grid Power Systems
Ingenious Invests In Electric Vehicle Charging Firm
UK'S Largest Battery Ready To Balance The Grid
Sharp Launches New 440W Half-cut Cell PV Panel
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
{taasPodcastNotification} Array
Live Event