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Kobus Partners will manage the investment vehicle of Mapfre for renewables

02/07/2021

Kobus Partners, private equity firm specialized in renewables and energy infrastructure, will manage the first investment vehicle of Mapfre in the sector: Mapfre Energías Renovables I.

This new fund, which first close was last June, will invest into wind and PV solar assets which are in final stage of development, in construction or in operation. Its investment strategy will be focused in Spain, with the aim of building and operating a portfolio over 1,000 MW.

“The entry of Mapfre in the renewable energy sector shows the appetite for the sector and the commitment of the Spanish leading insurance group to boost impact investments. For all the Kobus team is an honour that a firm like Mapfre has engaged us for this new venture”, said Carlos García-Monzon and Pablo Guinot, founding partners of Kobus Partners.

With this new vehicle, Kobus Partners confirms its position as reference manager in the sector, with assets under management of institutional and private investment in excess of 500 million euros through its vehicles: Kobus Renewable Energy I, II, III y IV, y Mapfre Energías Renovables I.

First investment in 3 wind projects in operation

Mapfre Energias Renovables I has completed its first investment with the acquisition of 3 wind projects in operation in Spain. The projects which are located in Malaga and Sevilla are capable to provide green energy equivalent to the consumption of 20,000 houses per year and avoid 40,000 tons of CO2 emissions to the atmosphere.

For the closing of this fund the team counted with the legal advisory of King & Wood Mallesons and Blue Tree AM as technical advisor.

This first transaction is included within the fund’s strategy, which aims to achieve operational capacity of 1,000 MW in the coming years.