Quercus Board approves launch of new renewable energy infrastructure funds
The planned launch of Quercus Italian PV fund and the Quercus Italian Wind fund will complement the recently launched Quercus European Renewables fund to raise a combined EUR 500 million, providing significant investment opportunities in a strong renewables market.
London, Luxembourg – Quercus Assets Selection, which specializes in infrastructure investments with a focus on renewable energy, announces that it will launch two new renewable energy infrastructure funds, bringing the total number of funds in its portfolio to five.
The launch of the two new funds will complement the recently launched Quercus European Renewables fund to maximize the portfolio’s risk/return profile through a meticulous strategy of diversification.
Quercus is looking to raise a minimum combined target of €500 million across the three funds, which is to be invested in connected wind and solar plants in Italy, as well as in other renewable technologies throughout Europe.
Vito Gamberale, Chairman of Quercus commented: “Today, Italian renewables play a key role that I define with 3Ps: Predominant, Prevalent and Preferential. The Italian market remains extremely fragmented and presents significant opportunity for consolidation. Quercus is looking to capitalize on this opportunity to become a medium to large-scale operator of renewable energy plants in Italy. Our strategy is clear, our goals are achievable and I look forward to contributing to the success of our new funds at Quercus.”