Impala, an investment firm under the control of Jacques Veyrat and his family, and Exor N.V., a diversified holding company controlled by the Agnelli family, have announced a partnership to collaboratively advance the growth of TagEnergy. Franck Woitiez and Jacques Veyrat, both aligned entrepreneurs in the energy industry, established this company in 2019. The company operates in the renewables and energy storage sectors. TagEnergy, headquartered in Lisbon, Portugal, is managed by a highly-experienced team of owners-operators. Its operations encompass the entire renewables value chain, which includes the development, financing, construction, and operation of wind and solar renewable energy projects.
The company also provides solutions for energy storage and grid stabilization. The alliance between Impala and Exor aims to further enhance the expansion and capabilities of TagEnergy. Also, 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. Moreover, the company has positioned itself well to achieve 5GW of renewable assets, under construction or operation, by 2027 in countries that have made a long-term commitment to decarbonize 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. It 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.”