Tages Helios II reaches EUR104m second close, acquires 14.5 MW Italian solar portfolio

Tages Capital SGR has achieved EUR104 million (US$115.89 million) second financial close for its Tages Helios II fund that seeks to invest in solar energy projects in Italy. 

The Fund has also completed the acquisition of a solar photovoltaic portfolio in Italy that has a combined capacity of 14.5 MW from Susi Sustainable Energy and a minority stake in Plenium Partners. 

The portfolio consists of solar PV projects in Lombardy, Umbria, and Piedmont, and can produce up to 20.5 GWh per year.

With the closing of the deal, the Fund has secured a total of 56 MW of solar capacity in Piedmont, Lombardy, Lazio, Umbria, and Sicily.