EnerCap Plans $466 Million for Heat and Power as Renewables Wane
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EnerCap Capital Partners, a Czech Republic-based private equity company, plans to invest in combined heat and power plants in central and eastern Europe as policy changes in the region make renewables less attractive.
EnerCap plans a new fund to raise as much as 350 million euros ($466 million) for the technology, Shane Woodroffe, a partner at the Prague-based company, said by phone. EnerCap may also sell assets in its 98 million-euro renewables fund with wind farms in Poland, Romania and the Czech Republic “in one piece, or in two or three pieces,” he said.