Investment Powerhouses Impala and Exor Forge Strategic Alliance to Drive the Expansion of TagEnergy’s Renewable Solutions

Investment Powerhouses Impala and Exor Forge Strategic Alliance to Drive the Expansion of TagEnergy’s Renewable Solutions

(IN BRIEF) Investment firms Impala and Exor have partnered to support the growth of TagEnergy, a company operating in the renewable and energy storage sectors. TagEnergy, founded in 2019 by Franck Woitiez and Jacques Veyrat, focuses on developing, financing, and operating renewable energy projects and providing energy storage solutions. With a diverse portfolio of projects across multiple countries, TagEnergy aims to reach 5GW of renewable assets by 2027. To accelerate its growth, Impala and Exor have formed a joint holding company called TagHolding, becoming TagEnergy’s largest shareholder. The collaboration will provide additional financial support and resources for TagEnergy’s expansion and strategic priorities.

(PRESS RELEASE) PARIS, AMSTERDAM, LISBON, 19-Jul-2023 — /EuropaWire/ — Impala, led by Jacques Veyrat, and Exor N.V., controlled by the Agnelli family, have announced a strategic partnership to advance the development of TagEnergy, a rapidly expanding company operating in the renewables and energy storage sectors.

Founded in 2019 by Franck Woitiez and Jacques Veyrat, TagEnergy is a Lisbon-based company engaged in all aspects of the renewables value chain. Their operations encompass the development, financing, construction, and operation of wind and solar renewable energy projects, as well as the provision of energy storage and grid stabilisation solutions.

TagEnergy boasts an extensive portfolio of projects across Australia, the UK, Portugal, and other European countries, with a goal to achieve 5GW of renewable assets under construction or operation by 2027. The company focuses on regions committed to long-term decarbonization of their economies.

To accelerate TagEnergy’s growth and bolster its experienced team and entrepreneurial culture, Impala and Exor have formed a new joint holding company named TagHolding, which will emerge as the largest single shareholder of TagEnergy.

Jacques Veyrat, CEO of Impala, expressed his enthusiasm about partnering with Exor, citing their shared values and a collective vision for responsible energy transition. Impala has been a staunch supporter of TagEnergy since its inception, recognizing their practical and entrepreneurial approach to direct investment in the renewable energy markets. The collaboration with Exor will further support TagEnergy’s expansion plans across multiple regions and provide financing for their promising projects.

John Elkann, CEO of Exor, emphasized their growing focus on environmental, social, and governance (ESG) matters, particularly in the energy transition required to achieve a decarbonized future. As more sectors electrify, the development of renewable, carbon-free electricity sources becomes paramount. Simultaneously, there is an increasing need for energy storage and grid stabilization solutions. By joining forces with Jacques Veyrat and the TagEnergy team, who possess extensive sector knowledge and a long-term commitment to building an exemplary company, Exor aims to support this exceptional team operating in dynamic regions with significant potential.

Franck Woitiez, CEO of TagEnergy, welcomed Exor to the TagEnergy family, highlighting their track record of responsible and successful company growth. He expressed gratitude for the investment from both Impala and Exor, emphasizing their unwavering confidence in TagEnergy’s position and business approach in the renewable energy sector. With Impala, Exor, Mirova, and Omnes as partners and shareholders, TagEnergy gains additional financial resources to execute strategic priorities, accelerate growth, and drive the energy transition through large-scale, reliable, and affordable energy projects.

About Impala:
Impala is an investment firm led by Jacques Veyrat and his family. With a focus on energy transition, Impala supports companies directly involved in renewable energy markets, fostering entrepreneurship and sustainable practices.

About Exor N.V.:
Exor N.V. is a diversified holding company controlled by the Agnelli family. They invest globally across multiple sectors, aiming to create long-term value and promote responsible business practices.

About TagEnergy:
TagEnergy is a fast-growing company operating in the renewables and energy storage sectors. Their comprehensive portfolio spans wind and solar energy projects, energy storage solutions, and grid stabilization. TagEnergy is committed to driving the energy transition through large-scale, reliable, and affordable renewable energy projects.

Media contacts:

Impala

Alexis Madelain — +33 6 59 67 29 22 — alexis.madelain@havas.com
Stéphanie Prunier — +33 6 10 51 74 20 — stephanie.prunier@havas.com

Exor
Exor Media Relations – +31 202 402 221 – media@exor.com
Sergio de la Calle – +33 1 53 70 74 70 – sdelacalle@image7.fr

TagEnergy
Jackie Crossman – +61 402 218 662 – jackie@crossman.com.au

SOURCE: EXOR