CVX Ventures’ Post

Glentra Capital raises DKK 5.93 billion to invest in renewable energy Danish private equity firm Glentra Capital has successfully closed its debut fund, raising DKK 5.93 billion (approx. €795 million) to acquire six to seven energy companies across Europe and North America. Investors include Scandinavian, UK, US, and Canadian institutions, with strong backing from Novo Holdings and PKA. Partner Steen Lønberg Jørgensen calls the milestone “a proud achievement, especially in a period when many first-time funds have struggled to raise capital.” The fundraising process started in 2023 amid a challenging market environment influenced by geopolitics and global uncertainty. Glentra Capital has already deployed a significant portion of the capital into renewable energy and battery storage companies, including DVP Solar, Third Pillar Solar, Kyoto Group AS, and energyRe. The remaining funds are earmarked for two to three additional acquisitions expected by summer 2026. The fund aims to focus on projects in renewable energy generation, battery storage, and electrification, targeting growth companies that support the transition to greener and more resilient energy systems. Steen Lønberg Jørgensen adds: “We see strong opportunities in electrification and battery storage, which are critical to balancing renewable energy supply and demand while creating new markets for green electricity.”