TimeToAct Capital has invested in a joint venture with the management team of Alten Energias Renovables to push the development of around 750MWp of solar and battery projects in Mexico, Italy and elsewhere in Europe.
This transaction will help accelerate the new joint venture’s activities and give the firm the means to transition as an independent power producer.
Through this partnership, TimeToAct Capital achieves a significant milestone in line with its strategy to drive the rapid adoption of cleaner energy sources in underserved markets, especially in Mexico representing approximately 635MWp of the project pipeline.
Frederic Payet, CEO of TimeToAct Capital, explained: “We are delighted to support Alten Management Team in spearheading global decarbonisation efforts, particularly in challenging regions where affordable and sustainable energy as well as private investments are needed.
“This partnership is aligned with our philosophy to bridge the energy transition gap, and we are confident that there will be more announcements to come.”
Carlos Castellanos, Alten co-founder, added: “We are proud to form a partnership with TimeToAct Capital, a company with an impressive track record and extensive experience in driving the energy transition. Their confidence in our strategy serves as validation for the work we have undertaken, and their support will be key in propelling us forward during our next phase of growth.”