Omnes and Infranity Announce Strategic Partnership with Leading Irish Renewable Energy Producer Power Capital Renewable Energy

Omnes Capital (“Omnes”) and Infranity today announced a strategic equity partnership with Power Capital Renewable Energy (“Power Capital”), the leading solar independent power producer in Ireland also focused on battery energy storage systems (BESS).

The partnership is designed to accelerate Power Capital’s next phase of growth while advancing Ireland’s energy transition. 

With a 230MW operational fleet of solar PV, 330MW under construction and an over 5GW pipeline of solar PV and BESS, Power Capital is the largest solar IPP in Ireland.

The company operates across the entire life cycle of its power plants, developing, constructing and operating the assets and 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, while maintaining best in class asset operations and HSE standards.

The transaction was signed at the end of July and is subject to customary approvals. Closing is expected by the end of September 2025 once the required approvals, including regulatory ones, are obtained. Akereos Capital acted as financial adviser to Power Capital, which was also advised by Dentons, Arthur Cox and Philip Lee (legal). Infranity was advised by Rubicon Capital Advisors (financial) and A&L Goodbody (legal).

 Jean-Baptiste Delattre, Director at Omnes, stated: “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. ”

Jaime Héctor, Co-Head of Infranity’s Equity strategy, stated: “We are pleased to partner with Omnes as a key shareholder of Power Capital. We have been impressed by what the management team, supported by Omnes, has achieved and by their plans to address the country’s energy transition. We look forward to contributing actively to the continued growth of Power Capital, including into BESS, helping to build a balanced portfolio across technologies. This strategic investment perfectly matches our funds’ mandates and represents another milestone for our latest equity fund.

Justin Brown, CEO of Power Capital, stated: “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.”

Omnes | www.omnescapital.com

Infranity | www.infranity.com

Power Capital | www.powercapital.ie