Mid Europa Partners is considering other investments in east European solar and wind companies, Stefan Tzvetkov, a London-based director with the private equity fund, tells G.E.R.
With the European Union seeking to cut carbon dioxide emissions by 20 percent over the next decade from 1990 levels, (there’s even talk to cut emissions by 30 percent), demand for green power in eastern Europe is poised for growth.
Tzvetkov declined to say how much his firm could invest in greentech over the next three – to – five years, but highlights that Mid Europa investments typically average €100 – to – €120 million, ($127 million – to – $152.3 million), slightly higher than what it put into Czech solar power developer Energy 21. There are no plans to raise a dedicated green fund, adds Tzvetkov.
Earlier this week Mid Europa invested €60 million in Czech solar power developer Energy 21. Tzvetkov says its equity stake in the company is “substantive enough for us to have a say in the company’s short, medium and long-term strategy.” Given certain project development deadlines are met, Mid Europa could increase its equity stake in the company.