Augusta & Co is pleased to have advised Qualitas Energy, a leading investment and management platform focused on the energy transition, on an agreement to sell a 112.5MW German operating onshore wind portfolio to NeXtWind, a Berlin-based investor backed by Sandbrook Capital, PSP Investments and The Investment Management Corporation of Ontario (IMCO).
The portfolio comprises ten wind farms and over 60 wind turbines across seven states in Germany, which are in the late stages of being repowered to c.300MW. Several of the projects have already received permits and are ready to enter construction.
Augusta & Co acted as exclusive financial advisor to Qualitas Energy in all aspects of the transaction including running a competitive sales process, managing the due diligence process and co-ordinating the negotiation and execution of the transaction documentation.
“This transaction is Augusta’s fourth in Germany this year, our second with Qualitas Energy and, building on our Breeze 2 sale to Statkraft earlier this year, underlines the very strong interest we currently see in the German onshore wind repowering market” said Harry Gibson, Managing Director at Augusta & Co. “Qualitas Energy is a market leader and it was a pleasure to work with them again to deliver this transaction.”
Adrián Cabrejas Azagra, Investment Principal at Qualitas Energy said: “This transaction is undoubtedly another demonstration of our effectiveness in Germany, having successfully de-risked a large and diverse repowering portfolio. Having the support of Augusta & Co and being able to leverage their experience and professionalism in this transaction has truly been a pleasure and privilege.”
Harry Gibson HGibson@augustaco.com