France-based investment firm RGREEN INVEST announced that it has raised over €900 million (USD$1 billion) at the final close of Infragreen V, the fifth equity vintage of its green infrastructure fund focused on supporting Europe’s energy transition.
Infragreen V will target the European mid-market, financing projects in areas including renewable energy generation, energy storage, and electrification, and with a particular focus on high-potential regions including Central and Eastern Europe, where the firm said investment needs remain significant and the development of modern energy infrastructure is critical to supporting economic growth.
The prior vintage of the fund, Infragreen IV, closed in 2021 at €670 million.
According to the company, the new fund, which is Greenfin-labeled and classified as an Article 9 fund under the EU’s SFDR regulation, also introduces for the first time value-sharing mechanism directly linked to the achievement of climate targets.
The portfolio of Infragreen V includes assets such as NW Storm, an energy storage platform in Europe; Renalfa IPP, an independent power producer and renewable developer in Central and Eastern Europe; and Belenergia, an Italian biomethane producer, the company said.
The fund attracted commitments from a broad group of French and international institutional investors, as well as the European Investment Fund and the French Pension Reserve Fund and several major insurance companies.
Nicolas Rochon, Founder and CEO of RGREEN INVEST, said:
“Implementing Europe’s energy transition at speed and to the required levels of capacity has become one of Europe’s defining challenges. In this context of geopolitical tensions and rapidly evolving digital systems, large-scale investment in competitive infrastructure is essential to strengthening Europe’s energy sovereignty. With Infragreen V, we are helping accelerate that effort by developing infrastructure at the scale required.”
