The Wind energy projector ENOVA Energiesysteme GmbH & Co. KG (ENOVA) and HANSAINVEST Real Assets GmbH (HANSAINVEST) have agreed on a long-term strategic partnership in the field of wind energy. This includes the establishment of a new company, an Independent Power Producer (IPP). The asset manager provides mezzanine capital to ENOVA IPP. The experienced family business will use this capital for the acquisition of own and third party wind farms. The investment focus is already on wind energy projects as well as those that are currently still in the planning and approval phase. The goal: By the end of 2019, more than 100 megawatts of power are to be acquired by the IPP.
In a first investment step, ENOVA IPP has already acquired four wind farms with a total capacity of approx. 25 MW bought and financed by mezzanine capital.
“The cooperation with HANSAINVEST Real Assets GmbH enables us to strategically expand our business model,” said ENOVA Managing Directors Helmuth and Hauke Brümmer. “The closed cooperation offers many advantages for us: we can keep the wind farms in the long term property. At the same time, we can use the capital released to finance our expansion and capitalize on market opportunities.”
For HANSAINVEST, the investment in the strategic partnership means an expansion of the project portfolio and a steady and predictable cash flow over 20 years – with significantly leaner cost structures compared to conventional investment funds. “Our successful infrastructure investment strategy continues with the creation of ENOVA IPP. ENOVA is an experienced market player with an excellent track record. With this transaction, we secure a pipeline of attractive products. With ENOVA as a partner we can invest in a diversified project pipeline – even in less windy years, this structure allows for a safe return on invested capital with an attractive risk-return profile, “says Nicholas Brinckmann, Managing Director of HANSAINVEST Real Assets.
Independent Power Producers, or IPP for short, in the electricity industry are those operators of power plants and other types of electrical generation systems who, unlike “traditional” power companies, do not have their own power grid to control the transmition and distribution of the produced electrical energy.
ENOVA was supported in this transaction by esmera.partners and PWC Legal, HANSAINVEST by fieldfisher, Baker Tilly and TÜV Süd.
The ENOVA group has been a family business since 1989 and active in the field of regenerative energies. As an innovative pioneer with more than 30 employees ENOVA developes and supportswind energy projects on land (onshore) and at sea (offshore).
The range of services extends from the project initiation and realization to Wind farm management, repowering and more recently also maintenance / service. As a more comprehensive Project developer and energy service provider offers ENOVA for land owners, operators and energy providers Investors complete packages for projects with the energy source wind.
Nationwide cooperation with energy providers, municipal utilities and forestry administrations prove the reliability and know-how of the “ostfriesische” wind power pioneer. With the founding of ENOVA IPP, the ENOVA group is expanding its business model at its new location in Hamburg. More information at: www.enova.de
About HANSAINVEST Real Assets
HANSAINVEST Real Assets GmbH stands for many years of experience and sustainable Investments in the real estate and infrastructure sector. In total, about 80 employees serve Assets of around 4.3 billion euros. In the real estate sector, the internationally established experts manage office, retail, hotel, Logistics and residential real estate in 18 countries. In addition to portfolio management, both the Areas of buying and selling as well as asset management and project development. The latest product is the HANSA US Residential, an open special-AIF focusing on US residential real estate. In the area of Infrastructure, the international portfolio of infrastructure investments with a Volume of around € 700 million managed. Other services include the acquisition of assets as well as the current portfolio management (state of the data: 31.12.2016).
More information at: www.hansainvest-real.de
Sven Hildebrandt • Head of Marketing & Corporate Communications HANSAINVEST
Kapstadtring 8 • D – 22297 Hamburg • phone: + 49 40 300 57-78 38
Hauke Brümmer • Managing Director ENOVA Energiesysteme GmbH & Co. KG •
Steinhausstraße 112 • 26831 Bunderhee • Deutschland • phone: +49 4953 9290-0