COFIDES has committed up to €150 million through the Co‑investment Fund (FOCO) to a Spanish Hybridisation Platform (the “Hybridisation Platform”), a renewable‑energy platform created by infrastructure investor, Equitix.
The Hybridisation Platform partners with local Spanish developers such as Capital Energy to develop, construct, and operate wind, solar PV and battery‑storage assets and is targeting 1.4 gigawatts (GW) of generational capacity by 2030. The current portfolio comprises 330 megawatts (MW) of operational and under-construction assets, along with an additional 200 MW in development, situated in Castilla-y-Leon, Castilla-la-Mancha, Aragon, and Navarre.
FOCO - whose investment mandate includes the mobilisation of foreign investment- is co‑investing in this transaction alongside Equitix, Europe’s leading mid-market infrastructure fund manager, responsible for managing the platform, and an Australian institutional investor.
The operation supports the development of key technologies to advance the energy transition, strengthens Spain’s position as a benchmark for next‑generation hybrid solutions, and boosts the attraction of foreign investment into priority sectors for the country’s industrial, energy and climate policy.
According to Ángela Pérez, Chairperson and Chief Executive Officer of COFIDES, “this investment is significant not only because of its scale, technological innovation and climate relevance, but also due to its combination of hybridization solutions and positive environmental impact, as well as its contribution to increasing renewable‑energy generation capacity in Spain.”
“We are pleased to welcome COFIDES to this strategic partnership, strengthening our shared commitment to Spain’s energy future. This platform represents essential national infrastructure—supporting growth, enhancing energy security and advancing Spain’s transition to renewable power. Equitix remains committed to delivering the integrated energy systems of tomorrow. Beyond providing capital, we are focused on ensuring the platform is resilient, scalable and able to enable the next generation of low‑carbon energy. We look forward to working with COFIDES and our local partners to unlock long‑term value for communities and industry, and to accelerate progress toward a net‑carbon future.” said Equitix CIO, Achal Bhuwania.
CO-INVESTMENT FUND FOR ATTRACTION OF FOREIGN INVESTMENT (FOCO)
FOCO is a fund created by the Government through the addendum to the Recovery, Transformation and Resilience Plan (PRTR) and has resources from the NextGenerationEU instrument. The purpose of FOCO, which is endowed with €2,000M, is to favor foreign investment in the Spanish economy, boosting access to financing for companies linked to the ecological and digital transitions, as well as biotechnology and technological innovation. FOCO investments must be contributed by a foreign co-investor and may be made through direct investment in companies or investment funds. The fund is fully operational and project proposals for FOCO funding can be submitted.
ABOUT EQUITIX
Established in 2007, Equitix is a leading European mid-market infrastructure fund manager with more than $19 billion of equity under management. Equitix has invested in more than 300 assets in 24 countries across diversified sectors including renewables, transmission, and distribution, social infrastructure, transportation infrastructure, environmental services, and digital infrastructure.
Equitix has been active in Spain since 2018 where it manages a diversified portfolio of infrastructure assets. Notable projects include Telecom Castilla La Mancha, Barcelona Metro Line 9, the Llobregat Courts of Justice, a portfolio of smart meters, and a sizeable renewable energy portfolio in addition to the Hybridisation Platform.
ABOUT COFIDES
COFIDES is a state-owned trading company that manages financial funds from the Spanish State, as well as its own resources and those of third-party institutions with various objectives: the internationalization of the Spanish economy, the attraction of foreign investment into strategic sectors in Spain, the promotion of the impact economy in Spain, and the contribution to the development of the countries in which it invests. In addition to the State, which holds a majority position, other shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America
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