Madrid-based Altano Energy Raises €60M Funding

The funding will help Altano grow its presence across solar, hydro, wind, and energy storage projects, supporting its goal of building a diversified clean energy platform.

The investment comes from M&G’s Infrastructure & Real Assets team, part of its €18 billion Impact & Private Equity division. It was made through two of M&G’s funds—the Infrastructure and Real Assets Fund and the Horizons Fund—both focused on long-term global infrastructure opportunities.

Anish Majmudar, Head of Real Assets at M&G Investments, says, “Altano is entering an exciting stage in its growth. Our investment will help bring these projects to life and support Spain’s shift to a cleaner, more resilient energy system, while providing our clients access to a high-quality, bilaterally negotiated investment opportunity that combines long-term value creation with measurable environmental impact.”

Altano Energy is a renewable energy company operating across Spain, developing solar, hydro, wind, and energy storage projects. It currently has 179 MW in operation, 134 MW under construction, and 1,200 MW in development—enough to eventually power around 945,000 homes each year.

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The company’s growth supports Spain’s clean energy goals, including generating over 80% of electricity from renewables by 2030 and phasing out coal by the end of the decade. With nuclear power expected to be phased out by 2035, there's a growing need for stable and diverse renewable sources. A recent blackout in Spain and Portugal further shows the urgency of building flexible energy systems.

Founded in 2021 by Miguel Sánchez-Praena Ferrer and Íñigo Sánchez-Junco Ayala, Altano focuses on the Southern European energy market.

Backed by Pioneer Point Partners, an independent infrastructure investor, Altano currently manages a 1.5 GW portfolio of solar, wind, and storage projects. It is also exploring new technologies like battery storage, pumped storage, hybrid systems, and hydrogen.

Altano’s team brings over 145 years of combined experience in the energy and infrastructure sectors. Its investor, Pioneer Point Partners, was founded in 2008 and has invested over €1.2 billion in European mid-market infrastructure projects focused on energy transition and sustainability.

About Altano Energy

Altano Energy is a renewable energy platform backed by Pioneer Point Partners and led by a seasoned team with over 150 years of combined experience. Focused on building a strong and diversified portfolio the company aims to create long-term value while managing risk across the infrastructure and energy sectors.