TimeToAct joins forces with Alten for 750 MWp of solar and storage

Paris-based investment group TimeToAct Capital today unveiled the creation of a joint venture with the Management Team of Alten Energías Renovables to advance the development of around 750 MWp of solar power generation and storage projects in a number of markets.

The vast majority of the targeted capacity (635 MWp) is planned to be deployed in Mexico and the rest will be added in Italy and other strategic regions in Europe.

Alten is a solar developer operating across the entire value chain, engaging in project development, financing, construction, operation and maintenance. Since its establishment in 2006, the firm has realised 11 solar projects in Spain, Mexico and Sub-Saharan African countries totalling 500 MWp.

“We are delighted to support Alten Management Team in spearheading global decarbonization efforts, particularly in challenging regions where affordable and sustainable energy as well as private investments are needed. This partnership is aligned with our philosophy to bridge the energy transition gap, and we are confident that there will be more announcements to come,” said Frederic Payet, CEO of TimeToAct Capital.

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