Czech energy company ČEZ-Group has awarded Aquila Capital a mandate to build a wind energy portfolio in Germany in the triple-digit-million euro range.
ČEZ-Group is the largest energy company in Central Eastern Europe and ranks among the 10 largest energy suppliers in Europe.
With this mandate, the firm aims to further expand its activities in CO2-neutral energy generation. Currently, the ČEZ-Group has a wind portfolio with an installed capacity of more than 600MW.
The partnership with Aquila Capital also includes the asset management of the acquired parks for a period of five years.
Commenting on the deal, Tomáš Pleskač, member of the Board of Directors of ČEZ-Group, said: ‘Our strategy focuses on renewable energy investments and on 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.’
Roman Rosslenbroich, CEO and co-founder of Aquila Capital, added: ‘With the introduction of tendering processes under the revised Renewable Energies Act (EEG 2014), which will be implemented in 2017, close partnerships between strategic and financial investors will increasingly become a key success factor.’
So far, Aquila Capital has conducted transactions of approximately €2.8 billion in renewable energy for an institutional investor base.
At the end of December, the asset manager bought a luxury real estate development project in an affluent suburb of Barcelona to further expand its real estate portfolio.