Portuguese renewable energy developer Hyperion Renewables has successfully closed a substantial investment of €140 million from Mirova, the French affiliate of Natixis Investment Managers dedicated to sustainable investing. This capital infusion aims to expedite Hyperion's transition to an independent power producer (IPP) and facilitate the initial deployment of 3.4GW from its diverse pipeline of projects, encompassing photovoltaic (PV), wind, storage, and green hydrogen initiatives. The primary focus of these projects will be in Portugal, contributing to a comprehensive and diversified energy transition strategy.
Founded in 2006, Hyperion Renewables has established itself as a key player in the renewable energy sector, particularly in the Iberian region, with an expanding presence in Europe. The company boasts a robust development track record, including over 50 large-scale solar projects totaling more than 640MW, with a significant portion reaching the ready-to-build (RtB) stage. Over 370MW of this capacity is already connected to the grid, with 270MW located in Portugal, representing nearly 20% of all utility-scale solar capacity installed in the country by the end of 2022.
Mirova's investment, facilitated through Mirova Energy Transition 5 (MET5), aligns with Hyperion's strategic vision to foster organic growth and make the pivotal shift from a developer to an independent power producer in the Iberian region.
The collaboration between Hyperion and Mirova dates back to 2018 when Mirova acquired a 90% stake in PV Vale de Moura, a 28MW solar project in Évora, Portugal. The project, developed by Hyperion, retained 10% equity and marked the beginning of a fruitful partnership between the two entities.
This investment not only fortifies Hyperion Renewables' position in the renewable energy landscape but also underscores the commitment of Mirova to sustainable investing and supporting the transition towards cleaner and more resilient energy solutions.
