Vortex Energy invests c. €222mln into Ignis

Vortex Energy invests c. €222mln into Ignis

Vortex Energy continues its active strategy to support Ignis’ growth with c. €46m of equity set to be injected in Q4 2022 and a further c. €176m of equity in Q1 2023.

Antonio Sieira, founder and CEO of Ignis: “We continue achieving key milestones on the route of taking Ignis to become a major global fully-integrated renewable energy company. We cherish our partnership with Vortex Energy and look forward to a bright future together.”

Karim Moussa, CEO of Vortex Energy: “We are extremely delighted with the achievements of Ignis in such a short period of time and during these challenging market conditions. Ignis’ management skills and quality of its portfolio continue to solidify its market position. We are here to support this partnership ensuring our strategic goals are met and will continue funding our common growth path.”

Ana Peris Caminero, COO of Vortex Energy: “Ignis’ unique execution power and its deep energy management as well as its operational know-how is critical today more than ever in our industry. We are committed to continue helping Ignis’ management to build its sizable IPP portfolio in Spain and internationally.”

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About Vortex Energy

Vortex Energy was established in 2014 as an investment platform to pursue energy transition investments globally.