(Finance) – Tages Capital SGRan asset manager specializing in private markets alternative investment funds and the second largest photovoltaic operator in Italy, has announced a further closing for its Tages Helios Net Zero fund (THNZ) equal to 42 million euros which bring the total collection to 417 million euros. The final closing of the fund is scheduled for next July with the overall objective of raising around 650 million euros. Some important Italian institutional investors and some private investors participated in this collection, we read in a note.
Tages Helios Net Zero is the third Tages infrastructure fund dedicated to renewables and transition energy that invests in sectors functional to achieving so-called carbon neutrality (Net Zero). In addition to renewables, the fund’s sectors of interest are smart mobility (remember the IPlanet initiative), batteries (of which the Helios funds have an important pipeline which will be the subject of future investments) and biomethane.
After the acquisition of a portfolio of four biogas production plants, which will be converted to biomethane production by 2026, Tages has structured itself to ensure effective management of the industrial aspects of this and future operations in line with the industrial DNA of Tages already experienced in the renewable energy sector. There biogas management company will be called Metania and it has appointed Chief Executive Officer Stefano Boscolo.
Boscolo, graduated in industrial engineering from the University of Udine, started his career in ALSTOM Power as Process Engineer initially in Italy and later in the USA. He then collaborated, among others, with GE Power as Global Sales Leader and with FLSmidth as General Manager and Sales Director. He finally joined Hitachi Zosen Inova Italia as Sales Director Renewable Gas.
“We are particularly happy to welcome a manager like Stefano who has great experience in the energy sector, with an important industrial background – he said Umberto QuadrinoPresident of Tages and CIO of Tages Capital SGR – Biomethane has enormous potential and we need to act promptly to face the various challenges we face: I remind you that the National Recovery and Resilience Plan foresees a growth of biomethane in Italy by a further 2 .3 billion Smc through the construction of new plants and the reconversion of part of the existing ones. Added to these is the line indicated by the National Integrated Energy and Climate Plan (Pniec) which has an ambitious objective of producing 5 billion cubic meters of biomethane by 2030. For this reason we are gearing up to be a reference player in this context and Stefano will be a valid support.”