Element Power, a developer, owner and manager of wind and solar power projects, says it has closed its co-investment fundraising process, raising an additional $183 million of capital commitments.
The advisers were Credit Suisse and Eaton Partners in the U.S., and Deutsche Bank in Spain. The investment includes commitments from institutional investors, sovereign wealth funds and Spanish investors.
‘We expect to use these funds to grow our wind and PV solar pipelines in the United States, South America and Europe, where we continue to find attractively priced opportunities that offer compelling risk-adjusted returns,’ says Pedro Barriuso, executive chairman of Element Power.
