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Cleantech magazine, a Cleantech Investor publication
Fowatio investment PDF Print E-mail
First published in Cleantech magazine, September 2008. Copyright Cleantech Investor Ltd. 2008

General Electric (GE) Energy Financial and family office Landon have invested €225 million in renewable energy business Fotowatio. The Spanish company is currently developing 960MW of solar projects in Spain, Italy and the US. It has invested over €400 million in the promotion and development of photovoltaic farms in Spain and expects to make €2.5 billion of additional investments by 2012.
Qualitas Venture Capital is an existing investor in Fotowatio and, following the transaction, the shareholding structure will see Qualitas holding a 33.5% stake, while GE and Landon will have 32% and 17.5% shares respectively and the management team the remainder.
 
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