PRESS RELEASE
Green Impact Fund (EGIF), Cogein Energy, and MFZ Angels Invest in 53.6 MW wind farms in Castelpagano and Rapone
Developer, advisor, and investor join forces to pioneer an innovative co-investment model
Milan, 26th February, 2026
EQUITA Green Impact Fund (EGIF), the infrastructure fund dedicated to renewable energy investments, qualified as an Article 9 product under the SFDR Directive1, and managed by EQUITA Capital SGR, announces the closing for a new investment in two wind farms in Castelpagano (Campania) and Rapone (Basilicata).
With a total installed capacity of 53.6 MW (9 turbines) and already in a ready-to-build phase, the projects present an innovative co-investment model, which aligns the interests of the financial partner EGIF, the developer Cogein Energy, and the advisor MFZ Angels.The three partners will all be involved in the projects as equity shareholders and will work together to maximize the industrial value and the positive environmental and social benefits of the initiative.
EGIF - which completed its fundraising in 2025 with €156.6 million - has acquired a minority stake in the SPVs and has committed to providing the funding needed to develop the wind farms through a shareholder loan structure. Cogein Energy, on the other hand, has retained a majority stake in the SPVs and will ensure the operational and business continuity of the project, leveraging its ten-year expertise and knowledge of the local areas. Lastly, MFZ Angels has actively participated in the project by advising the industrial partner and subscribing for a 5% equity stake in the SPVs, transforming the traditional role of an advisor into an investment partner.
The project presents a mitigated risk profile for EGIF, thanks to the commitment of the developer as the majority shareholder and the advisor as a co-investor, which will ensure a full alignment of interests from all perspectives.
Balthazar B. Cazac, Managing Partner at EGIF, commented: "With the investments in Castelpagano and Rapone, EGIF confirms its ability to structure complex transactions that go beyond the simple acquisition of assets. We have chosen to support a model where infrastructure finance is placed at the service of those who have managed the project for years, creating a synergy between capital, territory, and technical expertise that is fundamental for the success of the energy transition in Italy.""This new project joins the other investments in our portfolio, including those arising from the partnership with Dominion-an international entity active in promoting end-to-end services and projects-with whom two photovoltaic plants have already been built in Sicily and Basilicata, for a total capacity of approximately 33 MW."
1 1 Article 9 refers to financial products that have explicitly declared investment objectives aligned with ESG sustainability criteria.
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EQUITA Green Impact Fund (EGIF) is a 10-year-close-end fund which reached €156.8 million in fundraising and invests in renewable energy assets across Italy and Europe, with a focus on solar PV, wind, and biogas technologies. Managed by EQUITA Capital SGR, a wholly owned subsidiary of EQUITA Group, and qualified as an Article 9 product under the European Sustainable Financial Disclosure Regulation (SFDR), EGIF is committed to generating attractive risk-adjusted returns while contributing to the energy transition.
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EQUITA Group Investor Relations - Andrea Graziotto ir@equita.eu | Close to Media Adriana Liguori adriana.liguori@closetomedia.it | FinElk Joseph Walford equita@finelk.eu |
EQUITA is the leading independent Italian investment bank. As the go-to partner of investors, institutions, listed companies, corporates and entrepreneurs, EQUITA acts as broker, financial advisor and alternative asset management platform by offering a broad range of financial services that include M&A and corporate finance advisory, access to capital markets, insights on financial markets, trading ideas and investment solutions, in Italy and abroad, assisting clients with their financial projects and strategic initiatives. Drawing on half a century of experience, EQUITA is committed to promote the role of finance by creating value for the economy and the entire financial system, thanks to its deep understanding of markets, strategic transactions, and sustainability. A unique business model, where research is at the core of the strategy and where clients get access to a leading trading floor constantly connected with financial markets globally, a successful track-record in the execution of investment banking transactions - enhanced also by the international partnership with Clairfield who identifies cross-border opportunities for Italian and foreign companies - and a proved expertise in the management of investment funds, especially in illiquid asset classes like private debt, private equity, infrastructures and renewables. EQUITA stands out for its independence and integrity, the commitment of its professionals to best-serve clients, and the concept of "partnership" that sees its managers and employees as shareholders of an investment bank listed on the Italian Stock Exchange as "STAR" company. Visit https://www.equita.eu to learn more… because WE KNOW HOW
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