TagEnergy Funding, Investors & Competitors

TagEnergy has raised $475M across 2 funding rounds, most recently a undisclosed-stage round in July 2023.

Last TagEnergy funding round

Undisclosed stage

Amount undisclosed · Jul 2023

Cumulative funding TagEnergy raised

$475M

across 2 funding rounds

Key investors in TagEnergy

  • Omnes Capital
  • Mirova
  • EXOR
  • Impala
  • Impala

TagEnergy Overview

About TagEnergy

TagEnergy is a renewable energy developer founded in 2019 with operations across the UK, Australia, Spain, Portugal, and France. The company manages a 2.7-gigawatt portfolio of wind, solar, and battery storage projects spanning development, financing, construction, and asset management. TagEnergy commercializes electricity on wholesale markets to deliver affordable power while advancing the energy transition. Backed by the Tag Group, it competes directly in energy markets through competitive clean power stations. Its projects supply reliable energy at scale in these five countries, positioning renewables as both socially responsible and cost-efficient sources.


Founded

2019

HQ

PortugalLisbon

Website

tag-en.com

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

TagEnergy Funding History

TagEnergy has raised a total of $475M across 2 funding rounds.

TagEnergy's first fundraising round was a $475M undisclosed-stage round in April 2022. The most recent completed round was a undisclosed-stage round in July 2023.

TagEnergy funding rounds

TagEnergy funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2023Undisclosed stageImpala; EXOR-EXOR joined Impala as a shareholder in TagHolding, the vehicle that is TagEnergy's largest single shareholder, to fund the renewable energy group's next phase of growth. TagEnergy develops, finances, builds and operates wind farms, solar plants and battery storage in the United Kingdom, Australia, Portugal, France and other European markets, and targets 5 GW of assets in operation or under construction by 2027. Mirova and Omnes remained shareholders alongside Impala and EXOR. The size of EXOR's investment was not disclosed.
Apr 2022Undisclosed stageMirova; Impala; Omnes Capital$475MTagEnergy is a global clean energy company founded in 2019 by Jacques Veyrat and Franck Woitiez, focused on developing, financing, constructing, and operating clean power stations including wind, solar, and battery storage projects across the renewables value chain. The company operates in the UK, Spain, Portugal, France, and Australia, with a 2.7GW portfolio of projects as of the funding announcement. Prior to the round, Impala held 51% ownership and TagTeam Holding (for manager-shareholders) held 49%, with Impala retaining majority control post-investment alongside TagTeam. In April 2022, TagEnergy raised a €450 million capital injection, with €150 million each from majority shareholder Impala SAS Group, Mirova’s Energy Transition 1 fund, and Omnes’ Capenergie 4 fund. The funds are earmarked to accelerate delivery of the initial 2.7GW portfolio and support rapid international growth amid the energy transition. Impala remains the largest shareholder, while Mirova and Omnes each take strong minority stakes; Raphael Lance from Mirova and Marc-Philippe Botte from Omnes joined the board. The investment aligns with investor strategies in sustainable energy: Mirova manages nearly €28 billion in assets with €2 billion in energy transition infrastructure, having financed over 5.7GW across Europe; Omnes oversees over €5 billion including €3 billion in renewables. TagEnergy's UK secured portfolio stood at 270MW/540MWh as of December 2021, spanning development to commercialization of competitive clean energy.

Who has invested in TagEnergy?

5 investors have backed TagEnergy across its funding rounds, including Omnes Capital, Mirova, EXOR, Impala and Impala.


TagEnergy Investors

Investors in TagEnergy by funding rounds participated
InvestorHQRoundsRoleFirst check
Impala--1ParticipantJul 2023
EXORNetherlandsAmsterdam1ParticipantJul 2023
MirovaFranceParis1ParticipantApr 2022

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Acquisitions by TagEnergy

TagEnergy has acquired 1 company to date.

Last acquisition by TagEnergy was on August 28th 2025. TagEnergy acquired ACE Power for undisclosed valuation.


Latest Acquisitions by TagEnergy

ACE Power
Description
ACE Power is a Sydney-based developer of renewable energy projects in Australia. The company constructs solar farms and battery storage systems, including the 100 MW Sunraysia Solar Farm in New South Wales. It focuses on utility-scale clean energy infrastructure connected to the National Electricity Market.
HQ CountryAustralia
HQ City
Sydney
Deal Date28 Aug 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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TagEnergy Competitors

TagEnergy competitors include listed companies like Iberdrola, China Yangtze Power, Constellation Energy and Cenovus Energy, and private ones like Adani New Industries and Helion Energy.

Public and private companies comparable to TagEnergy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IberdrolaSpainSpainPublicly listed$51B$17B$158B4.3x
China Yangtze PowerChinaChinaPublicly listed$13B$11B$104B11.3x
Constellation EnergyUnited StatesUnited StatesPublicly listed$26B$5B$93B3.8x
Cenovus EnergyCanadaCanadaPublicly listed$38B$7.3B$61B1.6x
Adani New IndustriesIndiaAhmedabadPrivate--$50B-
Helion EnergyUnited StatesSeattle, WAPrivate--$16B-

TagEnergy Public Comps

TagEnergy is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, PetroChina, Shell, GE Vernova, TotalEnergies, NextEra Energy, ConocoPhillips and Iberdrola.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramco$446B$213B3.9x3.7x8.2x7.1x
ExxonMobil$324B$68B2.2x1.8x10.5x8.0x
Chevron$184B$41B2.4x2.0x10.8x7.2x
PetroChina$427B$70B0.8x0.7x4.7x4.4x
Shell$267B$55B1.2x1.0x5.8x4.5x
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
TotalEnergies$182B$38B1.3x1.2x6.3x5.0x
NextEra Energy$27B$16B10.5x9.6x17.9x16.2x

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Common questions about TagEnergy

When was TagEnergy founded?TagEnergy was founded in 2019.
Where is TagEnergy headquartered?TagEnergy is headquartered in Lisbon, Portugal.
Is TagEnergy publicly listed?No, TagEnergy is a private, VC-backed company.
How much funding has TagEnergy raised?TagEnergy has raised $475M across 2 funding rounds.
What was TagEnergy's last funding round?TagEnergy's last funding round was a undisclosed-stage round in July 2023.
Who are TagEnergy's investors?TagEnergy's investors include Impala, EXOR, Mirova, Impala and Omnes Capital.
Which companies are comparable to TagEnergy?Companies comparable to TagEnergy include Iberdrola, China Yangtze Power, Constellation Energy, Cenovus Energy, Adani New Industries and Helion Energy.
How many companies has TagEnergy acquired?TagEnergy has acquired 1 company, including ACE Power.

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