Infrastructure Investment Europe: September 2025

Deals:  

Enfinity Global receives €316m to fund 276MW of solar projects in Italy. The financing was arranged through a club deal structure, with ING, Rabobank and BNP Paribas. The funding package includes €214 million in nonrecourse senior debt alongside €101 million in facilities for VAT financing, letters of credit for power-purchase agreements (PPAs), photovoltaic modules and decommissioning obligations.

iCON Infrastructure has entered into a binding agreement to acquire a majority shareholding in the Meinhardt Group from the Meinhardt family. The company operates across 17 sites in the Rhine-Main region and handles more than 1 million tonnes of waste every year.

Infranity, has closed a strategic financing for Fudura, a premier energy infrastructure-as-a-service provider in the Netherlands.

Innova, has sold the Park Hill Energy Extension, a 12 megawatts peak solar development near Arbroath, Scotland, to AlphaReal.

Macquarie Infrastructure Partners VI (MIP VI), an unlisted infrastructure fund managed by Macquarie Asset Management (MAM), has exercised its option to acquire an additional 9 percent equity stake in Diamond Infrastructure Solutions.

Nuveen Infrastructure, has completed the purchase of a 27-megawatt onshore wind farm in Southern Italy from OX2.

Orange Concessions, a French fiber-to-the-home (FTTH) operator, has secured a €1.29 billion refinancing package to accelerate its fiber network rollout across rural France.

Pioneer Point Partners, has acquired Arpex, a behind-the-meter solar photovoltaic (PV) platform in Italy.

RGREEN INVEST, has provided €58 million of construction financing to Hamburg-based independent power producer NEAG Norddeutsche Energie to support the buildout of two new onshore wind farms in Germany.

RGREEN INVEST has sold its 50 percent stake in GDS Italia to its long-time partner, Générale du Solaire, which now becomes the sole shareholder. It has become a notable player in Italy’s photovoltaic sector, with a portfolio comprising 50 megawatts in operation.

SUSI Partners has plans to sell the 14.4-megawatt Milestone wind farm in County Tipperary, Ireland, to the Irish subsidiary of Italian renewable-energy company Alerion Clean Power.

SUSI Partners, has agreed to become part of U.K. specialist asset manager Gresham House to drive investment performance and value creation. As part of the agreement, SUSI Partners’ investment strategies, products and portfolio-management teams will be combined with Gresham House’s U.K.-focused energy-transition infrastructure division to more than double its size to about €3.1 billion ($3.7 billion) in assets under management and significantly expand its reach.

Fundraising:  

HarbourVest Partners has completed the final close of its third Infrastructure Opportunities Fund (IOF III), securing $865 million in commitments from limited partners across the globe.

IOF III focuses on secondary investment opportunities and is further strengthened by direct co-investments in infrastructure assets across North America and Western Europe.

Macquarie Asset Management has announced the final closing of Macquarie Green Energy Transition Solutions (MGETS) with more than $3 billion of total fund and co-investment commitments.

The fund exceeded its target of $2 billion, attracting commitments from a diversified global investor base spanning pension funds, insurance companies, sovereign wealth funds and asset managers across Europe, Middle East and Africa (EMEA), Asia Pacific and the Americas.

Movers & Promotions:  

Aware Super U.K, the London-based investment office of Aware Super, Australia’s third-largest superannuation fund, has announced the appointment of Helen Steers as nonexecutive director to its board.

CBRE Investment Management (CBRE IM) has appointed Nicholas Dempsey to the role of senior director and infrastructure specialist within its client solutions team. Based in London, Dempsey will be responsible for leading capital raising efforts for CBRE IM’s infrastructure investment programs across EMEA.

Igneo Infrastructure Partners has announced two new partners have joined the firm’s seven existing partners who manage its global business and strategy. Carolyn Pearce will join Igneo as a partner and global head of capital formation in October, based in London. In this newly created role, Pearce will oversee all investor relations, fundraising and consultant engagement on a global basis, helping to drive Igneo’s growth and expansion plans. She will lead a global investor relations team based in Europe, Australia and North America

KGAL is expanding its Sustainable Infrastructure team with the addition of Christian Topp, who joined as senior director of institutional business at the beginning of September.

NOVA Infrastructure, a middle market–focused infrastructure investment firm, has announced several additions and updates to its investment team. Matt Altman has joined the firm as vice president. Altman joins NOVA with more than 10 years of infrastructure and energy experience in project development, investment banking, credit and private equity.

Railpen, one of the largest pension managers in the United Kingdom, has promoted Julia Diez head of U.K. productive assets.