Omnes Capital and Infranity have announced a strategic equity partnership with Power Capital Renewable Energy.
Power Capital is the leading independent producer of solar power in Ireland.
The partnership is designed to accelerate Power Capital’s next phase of growth while advancing Ireland’s energy transition.
Power Capital boasts a 230MW operational fleet of solar PV, 330MW under construction and an over 5GW pipeline of solar PV and BESS.
The company operates across the entire life cycle of its power plants, developing, constructing and operating the assets.
To date, it has delivered close to 1GW of ready-to-build solar PV projects with secured offtake through power purchase agreements and government-backed subsidies.
Omnes, Infranity and Power Capital’s management team will support execution of the company’s business plan, focusing on disciplined deployment, including in BESS, and enhanced offtake optionality.
The transaction was signed at the end of July and is subject to customary approvals.
Closing is expected by the end of September once the required approvals, including regulatory ones, are obtained.
Jean-Baptiste Delattre, Director at Omnes, said: “Over the past four years, we have worked closely with the Power Capital management team to support the company’s evolution into Ireland’s leading solar IPP.
"Their execution, vision, and commitment to operational excellence have been instrumental in reaching this milestone.
"We’re delighted to welcome Infranity as a strategic partner in the next phase of growth. The investment will further strengthen the company’s leadership position and enhance the company’s ability to deliver on its ambitious pipeline. ”
While Justin Brown, CEO of Power Capital, said: “This landmark capital raise marks a pivotal moment for Power Capital as we accelerate the delivery of over 5GW of solar PV and BESS projects across Ireland.
"The backing from new shareholder Infranity, alongside the continued support of Omnes, reflects strong confidence in our vertically integrated model and our mission to lead Ireland’s energy transition.
"With this funding, we are well-positioned to scale our operations, create long-term value, and contribute meaningfully to a more sustainable energy future.”
