IMPALA AND EXOR JOIN FORCES TO DEVELOP TAGENERGY, A FAST-GROWING
COMPANY IN THE RENEWABLE AND ENERGY STORAGE SECTORS
Paris, Amsterdam, LisbonJuly 19, 2023
IMPALA AND EXOR JOIN
FORCES TO DEVELOP TAGENERGY,A
FAST-GROWING COMPANY IN THE RENEWABLE AND ENERGY
STORAGE SECTORS
Impala and Exor will partner through a new joint
holding company, TagHolding, which will become TagEnergy’s largest
single shareholder
Impala, the investment firm controlled by
Jacques Veyrat and his family, and Exor N.V. (“Exor”), the
diversified holding company controlled by the Agnelli family,
announced today that they have joined forces to further
develop TagEnergy, a fast-growing company operating in the
renewables and energy storage sectors.
TagEnergy was founded in 2019 by Franck Woitiez
and Jacques Veyrat, two like-minded entrepreneurs in the energy
sector, and is led by a highly-experienced team of
owners-operators. Based in Lisbon, Portugal, the company’s
operations span the full renewables value chain, including
developing, financing, building and operating wind and solar
renewable energy projects as well as providing energy storage and
grid stabilisation solutions.
TagEnergy has a rich portfolio of projects that
range from under-development, in-construction or in-operation in
Australia, the UK, Portugal and other European countries. The
company is well placed to reach 5GW of renewable assets, under
construction or operation, by 2027 in countries that have made a
long-term commitment to decarbonise their economies.
To accelerate TagEnergy’s future growth and
support its experienced team and strong entrepreneurial culture,
Impala and Exor have joined forces in a new joint holding company,
TagHolding, which will become TagEnergy’s largest single
shareholder.
Jacques Veyrat,
Impala’s Chief Executive Officer,
commented: “I am very excited to partner with Exor, a firm that
shares Impala’s values and a common vision of responsibility
towards the energy transition. At Impala, we have been supporting
TagEnergy from the very beginning as we firmly believe in their
hands-on, entrepreneurial approach to developing and investing
directly in the renewable energy markets. Partnering with Exor will
enable us to further support TagEnergy’s ambition to expand in
multiple regions across the globe and finance the promising
projects the TagEnergy team is currently developing.”
John Elkann, Exor’s Chief Executive
Officer, commented: “We have increased our focus in ESG in
recent years and particularly in the energy transition essential
for achieving a decarbonised future. As large sectors of the
economy become increasingly electrified, the development of
renewable, carbon-free sources of electricity is more necessary
than ever. This will be coupled with a growing need to store
intermittently-generated energy and stabilise grids that were
previously designed around more centralised and controllable
production centres. In joining forces with Jacques Veyrat and the
TagEnergy team, who have proven their deep knowledge of the sector
and their long-term commitment to building a great company, we are
choosing to support an outstanding team in dynamic geographies with
great potential.”
Franck
Woitiez,
TagEnergy’s Chief
Executive Officer, commented: “We are pleased to welcome
Exor into the TagEnergy family. Exor has a proven track record
helping companies grow in a responsible and successful way. Its
investment, along with Impala’s support, represents a strong vote
of confidence in our position and business approach in the
renewable energy space. Having both Impala and Exor as partners and
shareholders, alongside Mirova and Omnes, will bring us additional
financial means to execute and accelerate on our strategic
priorities and drive the pace of the energy transition through
projects that deliver reliable energy affordably, and at
scale.”
About Impala
Impala is the investment holding company of
French entrepreneur Jacques Veyrat and his family. Impala is the
main shareholder of Neoen (renewable energy company), TagEnergy
(renewable electricity production and storage), Eiffel Investment
Group (independent asset manager focused on green
and sustainable investments), Laboratoire Native (cosmetic
brands such as Roger et Gallet, phyto, Lierac), P&B Group
(design and production of cosmetic and pharmaceutical products),
Augustinus Bader, (innovative cosmetics based on cell
regeneration), Edgyn (connected and secure authentication
solutions), and Inexto (a leading provider of authentication
software and services). Impala invests its own capital, without any
time constraints, in projects with strong potential for long-term
development.
About ExorExor is the
diversified holding company controlled by the Agnelli family. For
over a century, Exor has built great companies and made successful
investments worldwide with a culture that combines entrepreneurial
spirit and financial discipline. With a Net Asset Value of over €34
billion, its portfolio is principally made up of companies in which
Exor is the largest shareholder: Ferrari, Stellantis, CNH
Industrial, Juventus FC, Iveco Group, The Economist, GEDI Gruppo
Editoriale and SHANG XIA.
About
TagEnergyTagEnergy is a clean
energy enterprise creating competitive clean power stations to
accelerate the energy transition and help the world reach net-zero
carbon emissions sooner. Since its formation in 2019, TagEnergy has
assembled a portfolio of close to 12GW based on solar, wind and
battery storage technologies in the UK, Portugal, Spain, France and
Australia, of which 1GW is under construction or operation.
TagEnergy is controlled by TagHolding, a joint
venture between the Impala SAS Group and Exor N.V., supported by
major investors Mirova and Omnes, and is operated by a team of
entrepreneurs, all shareholders. Its operations span the renewables
value chain, from development, financing, construction and asset
management to commercialisation of its competitive energy.
Media Contacts
ImpalaAlexis Madelain — +33 6 59 67 29 22 —
alexis.madelain@havas.com Stéphanie Prunier — +33 6 10 51 74 20 —
stephanie.prunier@havas.com
ExorExor Media Relations – +31 202 402 221 –
media@exor.com Sergio de la Calle – +33 1 53 70 74 70 –
sdelacalle@image7.fr
TagEnergyJackie Crossman – +61 402 218 662
– jackie@crossman.com.au
- TagEnergy Exor Impala Press Release
Exor NV (BIT:EXO)
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