Aquila Capital has been mandated to build a German wind portfolio by listed energy firm ČEZ-Group.
Aquila said it would invest “in the triple-digit-million” range as the ČEZ-Group looks for greater exposure to CO2-neutral energy generation.
Roman Rosslenbroich, co-founder and chief executive at Aquila, said the introduction in 2017 of tendering processes under the revised Renewable Energies Act (EEG 2014) would mean “close partnerships between strategic and financial investors will increasingly become a key success factor”.
ČEZ-Group, the largest energy company in Central and Eastern Europe, currently has a wind portfolio with an installed capacity of more than 600 mega watts.
Tomáš Pleskač, board member at ČEZ-Group, said: “Our strategy focuses on renewable energy investments and the expansion of decentralised energy generation.
“Investments in the Czech Republic’s neighbouring countries are of particular interest to us, and we see great potential in the German market.”
The company’s joint venture with Aquila Capital will also include the asset management of wind parks for a period of five years.
A first investment has been identified.
Aquila Capital also said it has taken a majority co-investment in Norway’s largest operational wind park, Midtfjellet, from Norwegian utility Energiselskapet Buskerud.
The project has an installed capacity of 110 MW and an extension permit of 40 MW.
Rosslenbroich said previous transactions with partners in Scandinavia had been “very positive”.