Modern Investor - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Czech energy firm hands wind portfolio mandate to Aquila Capital

Czech energy firm hands wind portfolio mandate to Aquila Capital

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Venice 2018: closing day event photos

    Citywire Venice 2018: closing day event photos

  • Citywire Venice 2018: photos from day one of the selector event

    Citywire Venice 2018: photos from day one of the selector event

  • Citywire Madrid 2018: photos from the fund selector event

    Citywire Madrid 2018: photos from the fund selector event

  • Citywire Luxembourg 2018: photos from the selector event

    Citywire Luxembourg 2018: photos from the selector event

  • Citywire Zurich 2018: photos from the event and panel session

    Citywire Zurich 2018: photos from the event and panel session

  • Citywire Global New Ideas 2018: photos from the final sessions

    Citywire Global New Ideas 2018: photos from the final sessions

  • Global New Ideas 2018: photos from the opening day

    Global New Ideas 2018: photos from the opening day