Following our announcement, IPE Real Assets covered the news that Capital Dynamics has acquired a majority stake in a solar-plus-storage project from Münch Energie, marking our first clean energy investment in Germany. The hybrid project comprises a co-located 34 MWp solar photovoltaic (PV) asset and 11.7 MW battery energy storage system (BESS) and benefits from an attractive offtake structure, including a fixed price corporate Power Purchase Agreement (PPA) and tariffs under the EEG innovation tender.
Dario Bertagna, our Senior Managing Director, Co-Head of Clean Energy, was quoted as saying: “We are delighted to announce our first clean energy investment within Germany, a country benefitting from significant market and policy tailwinds within the clean energy sector. The investment is a testament to our commitment to accelerating the clean energy transition and delivering long-term, sustainable value to our investors and local communities. As a strategic growth market for us, Germany is somewhere we expect to deploy significant capital in future. We see growing momentum for clean energy projects in the market as heightened price volatility creates upside for co-location and hybrid strategies, particularly solar-plus-storage.”
The full piece can be read here.