Acquisition of a German onshore wind developer

Augusta & Co is delighted to have acted as exclusive financial adviser to Qualitas Energy, manager of Q-Energy Fund V, on the fund’s acquisition of DunoAir Windpark Planung GmbH, the German business of the developer DunoAir.

DunoAir’s German business is a full-service company focused on the planning and construction of wind power projects in Germany, based in Trier. The company has a 1.4GW pipeline of onshore wind in development, with a primary focus on the Western region of Germany. DunoAir was founded in 2004 by Arjen Ploeg and has developed over 120 turbines in the last 20 years.

The acquisition, carried out through Qualitas Energy’s German subsidiary Qualitas Energy Deutschland GmbH, will enable Qualitas Energy to reach 2.9GW of total capacity in its German platform, a figure that is expected to increase to 6.2GW within the next two years through its ambitious investment plan in the country. The global portfolio of the company now holds more than 5GW of operating and development assets worldwide.

Harry Gibson, Managing Director at Augusta & Co, said: “We congratulate Qualitas Energy on this important acquisition further underpinning their status as one of the most exciting players in the German market. We are delighted to have supported Daniel and his dynamic team. This is the first of multiple transactions we expect to announce this year in Germany, a market we have been present in since the early days of the Energiewende.”

Daniel Parejo, Partner and Chief Investment Officer of Qualitas Energy said: “Augusta was an invaluable support in getting this transaction to the finish line. We have been impressed by their consistent diligence, tenacity and good advice and would highly recommend them as a leading financial advisor in the German market.”

For further information please contact:
Harry Gibson
Charlie Hodges