About us

GreenArt Equity Partners is a successor to CEE Equity Partners and builds on its heritage, team and competences to contribute to Europe’s Energy Transition. We have successfully invested in Renewables and Energy Transition assets, across geographies and phases of development and we are strong believers in the unprecedented need for investment in energy assets and the investment opportunity that it brings.

Our team, working together for over 10 years, has built a diversity of competences and combines the skillsets of private equity investing and Renewable Energy development and management. GreenArt Equity Partners’ team of 20+ investment professionals and 30+ RES professionals has in-house competence to cover the entire investment lifecycle, from project development, through EPC management and asset management up to project finance and transaction execution.

For more information about CEE Equity Partners please visit website www.cee-equity.com

10+ years

Senior partners together for 20 years

Pan EU Coverage

Partnerships and relationships across Europe

2.3x gross MOIC on Fund I

13% IRR delivered to LPs

€ 1.2bn equity under management

Across two funds

30 renewable energy professionals

From project development to asset management

People

Renata Król-Glowacka

Head of Renewable, Energy Operations

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Renata Król-Glowacka

Renata has 15 years of RES experience in finance, development and M&A. She is responsible for the cooperation between the Fund and its key business partners, including co-investment partners, development platform and portfolio asset managers.

Keith M. Mellors

Managing Director

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Keith M. Mellors

Keith has 30+ years of investment experience in private equity, RES and real estate as well as in business development. Keith leads the team and the organization while playing a key role in managing the risks of the portfolio companies.

Dario V. Cipriani

Chief Investment Officer

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Dario V. Cipriani

Dario has 14 years of RES and 24 years of hands-on core infrastructure dealmaking experience. His role as CIO is to generate opportunities, lead negotiations and allocate resources to priority projects.

GreenArt Equity Partners builds on the diversity of experiences and backgrounds, by bringing together 11 nationalities speaking 10 languages.

We have an in-house RES project development team that develops and co-develops Renewable Energy projects across Europe by working together with industry leaders, including Iberdrola and Nala Renewables.

Our record

Working together since 2013 as CEE Equity Partners, the team is in the process of raising next fund, Energy Transition Fund (Fund III).

For more information on the previous funds, please see www.cee-equity.com.

Fund I

2013

$ 435M

End of divestment phase, $835m realised to date

Fund II

2018

$ 800M

Post-investment phase

Fund III

2023

€ 1bn target

Pre-Marketing

Investment Strategy

The Energy Transition Fund

The targets defined in European Green Deal and Fit for 55, pose a challenge and an investment opportunity. We expoit the latter. The Energy Transition Fund is a SFDR 8+ fund that targets projects and operating assets where we can add value through our expertise. We target:

  • Locations with preferable natural conditions for PV or wind and substantial convergence potential to reach 2030 target
  • Countries with supportive regulatory framework and PPA market and low country risk
  • In-house developed projects from GreenArt’s portfolio
  • Operational or ready-to-build assets with enhancement potential
  • Market sourced opportunities with bottlenecks that can be overcome

Sectors

Solar power

Wind power

Energy Storage & Hybrid Power Generation

Energy efficiency

Geothermal

Energy infrastructure & technology

The Energy Transition Fund supports the Energy Transition of Europe.

The EU has set clear climate goals aimed at decarbonisation of Energy sources, increasing the share of Renewable Energy sources in the Energy mix and substituting fossil fuel with sustainable sources. In 2020, 21.8% of energy consumed came from RES and 29 out of 30 countries reached their respective targets set by the EU. New target for 2030: An ambitious increase to 32% which poses an unprecedented driver for RES development in all EU member states. The EU is considering raising the bar to 45% in its newest REPower E.U. strategy. This energy transition is estimated to cost EUR 5.3 trillion by 2030.

Łukasz Makuch

ESG Director

15+ years of ESG experience, including strategy, implementation and reporting

ESG

Environmental, Social and Governance (ESG) aspects are rooted in our DNA.

We follow industry-recognised frameworks to ensure that ESG is reflected in across our investment process.

Frameworks Followed

Key framework for our ESG investment process and disclosures.

Upcoming disclosure regulations.

Clear benchmark with long term view to carb GHG emissions.

ESG processes

Pre-investment
Active ownership
Pre-investment

Deal Sourcing

Exclusion list – each potential asset is evaluated against it

Investment Decision

Initial ESG screening and full ESG Due Diligence

Active ownership

Governance

ESG Governance Structure, Strategy and policies for each portfolio company

Implementation

ESG Implementation Plan (incl. KPI, template policies, measurement tools)

Reporting

SFDR reporting on Principle Adverse Impacts and PRI reporting

Exit

Added value + full transparency

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