Egypt - EFG Holding Group’s Vortex Energy has opened subscriptions for the second funding round of its Vortex 4 fund, aiming to raise $300m. Vortex Energy has committed to investing €625m in Ignis over time and is considering a new acquisition of a significant player in the renewable energy sector. To date, Vortex’s investment in Ignis Energy totals around €398m. The Spanish company’s portfolio now includes solar energy projects exceeding 1 gigawatt capacity, having secured the necessary construction approvals. Established in 2014, Vortex Energy is a renewable energy investment platform backed by EFG Hermes’ direct investment arm.
