Hyperion, founded in 2006, has since charted a course of development in the field of solar energy. With more than 50 large-scale projects, totalling over 640MW reaching Ready-to-Build stage, Hyperion has played a major role in the installation of almost 20% of Portugal’s large-scale solar capacity. Indeed, this is where Mirova’s investment, via the Mirova Energy Transition 5 (MET5) fund, comes into its own. It is designed to support Hyperion’s strategic decision to continue its organic growth and transition from developer to Independent Power Producer (IPP).
Impulse for Energy Transition
Mirova’s capital injection will accelerate the initial deployment of 3.4GW of Hyperion’s current portfolio. However, consisting of photovoltaic, wind, storage and green hydrogen projects, mainly in Portugal, this diversified strategy aims to accelerate the energy transition. Hyperion, already one of Portugal’s leading renewable services providers with over 600MW of assets under management, is ideally positioned to capture the accelerated growth generated by increasing renewable energy targets.
A long-standing partnership
Hyperion and Mirova have been collaborating since 2018, when Mirova acquired a 90% stake in the Vale de Moura PV solar project, developed by Hyperion. However, this pioneering project, operational since 2019, marked an important milestone for Hyperion, being the first Iberian project with a long-term APP. This close relationship has consolidated the trust and alignment between the two parties, reinforced by this new collaboration.
A Shared Vision for the Future
Hyperion’s recent fund-raising marks a significant step towards a sustainable future. However, Aytea Amandi, CEO of Hyperion, points out that Mirova is the ideal partner to accelerate this transition, sharing common values and principles. What’s more, this alliance amplifies the collective strength and expertise forged through previous investments and a shared commitment to sustainable energy solutions.
Hyperion and Mirova, united in their expertise and vision, embark on a new chapter of collaboration. Their partnership symbolizes an important milestone for MET5 and a giant step towards a greener, more resilient future.
