Capcora Advises Claritas Poland on Bridge Financing of Polish Solar Energy Pipeline And Innogy On The Sale Of a Wind Farm Participation in Germany
Frankfurt am Main – The Frankfurt based consulting firm Capcora advised Claritas Poland Energy BV on the deal for a new bridge financing of 12.5 million Euro for further 24 MWp PV projects in Poland. Capcora also advised Innogy on the sale of a wind farm participation.
Claritas Poland is a JV of Claritas Investments BV and Padres Sp. z o.o. With its strong local presence, Claritas Poland originates early-stage projects from the fragmented market and turns them into high-quality investable assets for institutional investors. Claritas Poland currently holds a portfolio over 50 MW under-construction and ready-to-build solar projects and another 150 MW under development for the next auctions.
Besides the deal with Claritas Poland, Capcora furthermore successfully accompanied the energy company Innogy SE on the sale of an onshore wind farm participation in Germany. Capcora took over the process in May 2019 and was able to settle the sale on schedule by December 2019. The shareholding is a minority interest in a wind project with a capacity of 6.6 MW in North Rhine-Westphalia consisting of two wind turbines which were commissioned in March 2018. Innogy has completely developed, constructed and subsequently operated the project together with a local municipal utility. As the counsulting firm points out, the acquirer of Innogy's share (49 percent) in the wind farm was identified in a bidding process conducted by Capcora. The choice fell on a regional utility company, which significantly expands its renewable energy capacities with the acquisition.
Source: IWR Online, Jan 01 2020