Impax adds three to infra team

The UK renewable firm’s latest vehicle, a €330m fund closed in 2011, is now 75% invested.

Impax Asset Management (Impax) is seeking to boost its asset management and project assessment capabilities by growing its infrastructure investment team.

The renewables-focused fund manager has added two new recruits to the unit: Babaola Omiyale, who joins as investment manager, and Lewis Haffey, appointed as investment analyst. Aaron Donoghue has also been hired as engineering and project operations consultant.

Omiyale joins from the energy and power team at Rothschild’s investment banking team, where he started in 2011. Haffey comes from London-based advisory boutique Clean World Capital, where he was involved in wind energy transactions in Finland and Sweden as well as bioenergy mandates in the UK and northern Europe.

Donoghue, for his part, is a seasoned wind and solar specialist with experience at groups including RES, Vestas and Rengen Energy.

The news comes as Impax gets nearer to deploying the whole of New Energy Investors II (NEF II), which is now 75 percent invested. The vehicle was closed three years ago on €330 million.

Founded in 1998, Impax now has £2.8 billion (€3.5 billion; $4.7 billion) of assets under management. Its second NEF fund follows what the firm defines as a “value-add buy, build and sell” strategy, with a portfolio spanning onshore wind projects in France, Germany and Poland as well as solar investments in Italy.