Capcora advises Vattenfall on implementation of its growth strategy in the German onshore wind market
The Frankfurt-based consulting firm Capcora, which specialized in the sectors renewable energies and real estate, arranged for energy group Vattenfall exclusive cooperation agreements and the acquisition of first definite "greenfield" onshore wind projects in Germany in recent months.
At the beginning of this year the Swedish state-owned company announced that it will significantly increase its share of renewable energy until 2025. The long-term cooperation agreement between Vattenfall and Capcora, which relates to project developments in the German onshore wind sector, supports this strategy and is already bearing fruit.
"We want to play a decisive role in expanding the generation of clean electricity in the coming years in our core markets, which include Germany in particular. This only can be achieved with strong partners. Our collaborations with project developers follow this partnership idea and are based on a long-term and sustainable basis. In joint project developments, we can provide greater stability while our partners can focus on their core competencies in developing new projects. With Capcora, we have found industry-and market-experienced advice that successfully supports us in implementing this strategy", explain Philipp Heucke, Head of Onshore Wind Germany at Vattenfall and Anne-Kathrin Bürger, Senior Cooperation Manager.
"It is a very exciting task for us to support Vattenfall in its growth strategy in Germany. In our view, the model of long-term cooperation between a leading European utility and regional German developers represents a win-win situation, which is not based on squeezing out or consolidation in the wind industry, but on a fair and long-term collaboration principle. We look forward to many more of such cooperation agreements between Vattenfall and interested developers", adds Jochen Magerfleisch, Managing Partner at Capcora.About Vattenfall: Vattenfall is a leading European energy company committed to the electrification of industry and households for more than 100 years, contributing to a modern standard of living through innovation and cooperation. Vattenfall's goal is to enable a fossil-free living within one generation. The driving force behind this is the transition to a sustainable energy system with generation from renewable energies and climate-friendly solutions for customers. Vattenfall currently operates around 3,000 MW wind and solar power plants.www.vattenfall.com
About Capcora: Capcora is a consulting firm, specialized on real assets (renewable energy and real estate). The focus in the renewable energy sector is especially on mezzanine financing for the recapitalization of tied-up liquidity as well as for bridge financing for through alternative financing sources for onshore wind and photovoltaic projects. In addition, Capcora acts as transaction manager for M&A processes (buy and sell side advisory) for individual projects and portfolios.www.capcora.com
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