Energy Infrastructure Partners to acquire stake in leading French renewables platform from Boralex

Zurich, February 24, 2022 – Energy Infrastructure Partners, a leading investor in the energy transition, will acquire a stake in one of France’s largest renewables platforms, with more than 1 gigawatt of generation capacity. Under the agreement with Canadian utility Boralex Inc., an early mover in the global renewable energy industry, funds managed by Energy Infrastructure Partners will take a 30% share in the company’s French renewables platform and support its further growth as a leader in the French market.

The strategic partnership between Energy Infrastructure Partners, or EIP, and Boralex will build on an existing platform of more than 70 wind and solar plants totaling over 1 gigawatt of generation capacity. Boralex’s French platform also comprises an extensive development pipeline to construct new wind and solar projects across France and upgrade existing sites with best-in-class technology.

Tim Marahrens, EIP Co-Head of Investments, commented, “We look forward to working closely with our partner Boralex to build on their strong track record in the French market. They have established an impressive foundation for continued growth, and we’re excited to work together on its expansion over the coming years.”

Together EIP and Boralex will target a buildout of up to 3 gigawatts of wind and photovoltaic generation capacity by 2030 and support the renewable energy program France launched as part of its commitments through the Paris Climate Agreement, the Programmation pluriannuelle de l’énergie or Multiannual Energy Plan. The government program aims to double the country’s onshore wind capacity and triple its photovoltaic capacity by the end of the decade compared with 2018 levels, while investing more than EUR 70bn in the French renewable energy sector’s continued growth.

Roland Dörig, EIP Managing Partner, commented, “This is an exciting time for our industry, as our clients contribute to supporting the European transition to low-carbon energy generation. Looking at the French government’s plans, onshore wind and solar technology is projected to play an instrumental role in securing the country’s energy supply. Boralex is well-positioned to support France in achieving its renewables targets, thanks to its large and technologically diversified portfolio of assets.”

The closing of the transaction is subject to customary regulatory closing conditions and the approval of Boralex SAS’ Economic and Social Committee (CSE).

 

Please direct enquiries to media@energy-infrastructure-partners.com.

Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Switzerland-based manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 4 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage investment solutions for institutional investors globally. These clients, primarily pension funds, insurances and large family offices, seek investments in long-term, visible cash flow-generating assets that also contribute to security of energy supply, positive economic, ecological and social development, and the retirement provision of the population.

Disclaimer
This document does not constitute individual investment advice and does not release the recipient from making its own assessment with respect to an investment. The recipient must not take any investment decisions solely based on the information contained in this document and shall, if necessary or appropriate in consultation with external advisers, assess the information based on the recipient’s individual circumstances in terms of suitability and appropriateness and any legal, regulatory, tax, accounting or other consequences such an investment may have.

Copyright © 2022 Energy Infrastructure Partners AG. All rights reserved.

Energy Infrastructure Partners closes European fund above EUR 1 billion target

Zurich, July 6, 2021 – Energy Infrastructure Partners’ European fund, Energy Infrastructure 2018, has closed. The Fund, already over three-quarters invested, targets economically relevant energy infrastructure assets.

Energy Infrastructure Partners (EIP) successfully completed fundraising during the first half of 2021, raising total commitments from investors to over EUR 1 billion for its Europe-focused energy infrastructure fund. Closing was achieved through commitments from more than 40 institutional investors in Europe and Asia, predominantly comprising pension funds and insurance companies. Despite strong investor demand, the Fund adhered to its target size of EUR 1 billion to allow for the timely deployment of committed capital.

At closing, the Fund was already over 75% allocated or invested, with a portfolio diversified across investment-grade Europe (excluding Switzerland) comprising Nordic onshore wind farms, an offshore windfarm in Germany, as well as concentrated solar power plants in Spain and photovoltaic power stations in Italy and Slovakia. The Fund’s duration of 25 years with a possible five-year extension enables investors to harvest attractive cash flows for long periods.

Reaching this milestone demonstrates that the Fund’s strategy has proven its value to investors. By investing alongside leading industrial partners and public entities, EIP has been able to create attractive, diversified proprietary opportunities that offer long-term returns for institutional investors.

Beat Goetz, Head Global Client Solutions, commented, “Due to strong demand from our institutional investor base, we will expand our investment platform towards global investment-grade countries while still focusing on Europe. During the energy transition, very high investments in renewables, in transmission-distribution grids and in energy storage will be required to ensure continued security of supply. This creates interesting new global opportunities for our investors.”

 

Please direct enquiries to media@energy-infrastructure-partners.com.

Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Switzerland-based manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 4 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage solutions for institutional investors globally. EIP’s clients focus primarily on pension funds, insurances and large family offices seeking investments in long-term, stable cash flow-generating assets that also contribute to security of energy supply, positive economic, ecological and social development, and the retirement provision of the population.

Disclaimer
This document does not constitute individual investment advice and does not release the recipient from making its own assessment with respect to an investment. The recipient must not take any investment decisions solely based on the information contained in this document and shall, if necessary or appropriate in consultation with external advisers, assess the information based on the recipient’s individual circumstances in terms of suitability and appropriateness and any legal, regulatory, tax, accounting or other consequences such an investment may have.

Copyright © 2021 Energy Infrastructure Partners AG. All rights reserved.

Funds advised by Energy Infrastructure Partners acquire 49% stake in 13 GW global renewable energy platform BayWa r.e.

Zurich, December 9, 2020 – Funds advised by Energy Infrastructure Partners will invest in BayWa r.e. by means of a EUR 530m capital increase. The transaction will result in a 49% shareholding and will create significant value in the renewable energy sector.

The transaction, signed yesterday in Munich, will enable a consortium of investors advised by Energy Infrastructure Partners AG (EIP), including the Versicherungskammer Bayern, to participate in BayWa r.e.’s global renewables platform. A Munich-based global leader in the renewable energy industry, BayWa r.e. has an established photovoltaic and onshore wind project pipeline of over 13 GW that is diversified across more than 20 countries worldwide. Partnering with EIP will allow for an accelerated build-out of BayWa r.e.’s globally and technologically diversified renewables platform.

Aside from maintaining a focus on the successful project development, services and solutions business, the strategic evolvement of BayWa r.e. into an independent power producer (IPP) with an initial 3 GW target capacity by 2028 is the first step to capitalize on the full potential of the platform. The partners envisage deploying additional capital over time in order to extend the owned renewable asset base significantly.

“Our excellent relationship with BayWa as the majority partner, the impressive performance of BayWa r.e.’s management team and our proven record in large-scale renewable investments will allow us to jointly build out and develop this platform in the years to come. The strategic progression will enable institutional investors to profit from stable cash flows while accessing a renewable power generation portfolio of significant size,” commented Roland Dörig, Managing Partner at EIP.

Tim Marahrens, Co-Head Origination and Transactions at EIP, underscored the significance of the transaction given the current period of ongoing market consolidation in the sector. “We are pleased about this unique opportunity to participate in a large-scale global renewable platform.”

 

Please direct enquiries to media@energy-infrastructure-partners.com.

Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Swiss manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 3 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage solutions for institutional investors globally. Its clients primarily focus on pension funds, insurances and large family offices seeking investments in long-term, stable cash flow-generating assets that also contribute to security of energy supply, positive economic and social development, and the retirement provision of the population.

Disclaimer
This document does not constitute individual investment advice and does not release the recipient from making its own assessment with respect to an investment. The recipient must not take any investment decisions solely based on the information contained in this document and shall, if necessary or appropriate in consultation with external advisers, assess the information based on the recipient’s individual circumstances in terms of suitability and appropriateness and any legal, regulatory, tax, accounting or other consequences such an investment may have.

Copyright © 2020 Energy Infrastructure Partners AG. All rights reserved.

Energy Infrastructure Partners announces senior hires to further strengthen market position

Zurich, December 16, 2020 – Energy Infrastructure Partners AG (EIP) is pleased to announce a number of new key hires. They include Beat Goetz, Head Global Investor Solutions, Corinna Guenther, Head Risk Management, Anna Sexton, Head Market Positioning and Caterina Mattle, Head Public & Regulatory Affairs.

“Further strengthening our team with these senior specialists will pave the way for us to achieve our goals and growth potential in the coming years, especially as we face the challenges of energy transition and building a decarbonized future,” commented Dominik Bollier, founding managing partner of EIP.

“The decades of experience brought by the strengthened management team will bolster the realization of EIP’s global trajectory and ensure that we are well-positioned when it comes to proactively tackling the shifting regulatory landscape, expanding our client base, and making our investors’ assets tangible – from wind farms in the Nordics to hydropower plants here in Switzerland,” agreed Roland Dörig, founding managing partner of EIP.

The timing of the announcement falls in line with EIP’s transformation: the company recently announced that going forward, it will operate as an independent collective asset manager after it was granted a license from the Swiss Financial Market Supervisory Authority (FINMA).

Beat Goetz, Head Global Investor Solutions, joins EIP after successfully leading the Swiss Institutional Client Coverage Team at UBS Asset Management in Switzerland and out of Singapore for the Asia Pacific Region. Goetz has more than 25 years of experience in Asset Management with a focus on institutional clients. He has played a key role in developing solutions for institutional investors to benefit from the transition in the Swiss energy market as demand for energy infrastructure investments, particularly from institutional investors, continues to grow. His strength lies in designing tailor-made client solutions.

Corinna Guenther, Head Risk Management, has gathered over two decades’ experience in the financial industry. She began her career with key roles in corporate lending and project management for strategic investments. With a number of Managing Director roles in Germany and Switzerland under her belt, Guenther was most recently Managing Director at Flossbach von Storch AG in Zurich, where she oversaw risk management and compliance.

Dr. Anna Sexton, Head Market Positioning, brings more than 15 years of experience promoting and supporting sales priorities in key markets, as well as in crisis management and transaction situations. Before joining Energy Infrastructure Partners, she was Head of Media Relations for the International Wealth Management division at Credit Suisse, actively contributing to its positioning and economic success. Previously, she was Head of Public & Media Relations at Partners Group.

Caterina Mattle, Head Public & Regulatory Affairs, represented Swiss cantonal interests in energy politics for six years as Secretary General of the Swiss Conference of the Cantonal Ministers of Energy (EnDK), where she gained an in-depth understanding of the political processes and stakeholders in energy politics. Previously, she worked in the CEO headquarters of the Nord Stream I Pipeline Project, and prior to that at The Advisory House, consulting one of Switzerland’s major energy companies on the establishment of their regulatory framework.

 

Please direct enquiries to media@energy-infrastructure-partners.com.

Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Swiss manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 3 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage solutions for institutional investors globally. Its clients primarily focus on pension funds, insurances and large family offices seeking investments in long-term, stable cash flow-generating assets that also contribute to security of energy supply, positive economic and social development, and the retirement provision of the population.

Disclaimer
This document does not constitute individual investment advice and does not release the recipient from making its own assessment with respect to an investment. The recipient must not take any investment decisions solely based on the information contained in this document and shall, if necessary or appropriate in consultation with external advisers, assess the information based on the recipient’s individual circumstances in terms of suitability and appropriateness and any legal, regulatory, tax, accounting or other consequences such an investment may have.

Copyright © 2020 Energy Infrastructure Partners AG. All rights reserved.

Credit Suisse Energy Infrastructure Partners receives own FINMA license

Zurich, November 18, 2020 – Credit Suisse Energy Infrastructure Partners AG will act as an independent investment manager under the name Energy Infrastructure Partners AG (EIP) going forward. The license is granted conditionally and becomes legally effective as soon as Energy Infrastructure Partners AG has fulfilled all conditions of FINMA.

This strategic step will allow EIP to fully realize its global growth potential arising from the energy transition in conjunction with increasing demand and the investment needs of institutional investors by diversifying into additional geographies. In this context, the company is currently developing innovative products and working on promising investment opportunities in the energy sector. Credit Suisse Asset Management will remain an important partner in the future with continued collaboration on the distribution side.

Since its inception, EIP has exclusively focused on investment solutions in the energy infrastructure sector for institutional investors in Switzerland and abroad. This includes, among others, CSA Energie-Infrastruktur Schweiz, an investment group of the Credit Suisse Investment Foundation. Launched in 2014, CSA Energie-Infrastruktur Schweiz is the largest investment group investing in Swiss infrastructure today, with CHF 1.7 billion in capital under management and capital commitments from more than 170 Swiss pension funds.

EIP manages more than CHF 3 billion (including capital commitments) from institutional investors in Switzerland, Europe and Asia, and employs an interdisciplinary team of 40 experts. It has an extensive industry network, broad infrastructure transaction experience, a strong track record and proven partnerships with energy suppliers and the public sector. Roland Dörig, co-founder of EIP, comments: “As an independent investment manager, we are ideally positioned to fully leverage infrastructure investment opportunities for our clients.” Dr. Dominik Bollier, co-founder of EIP, adds: “We will continue to provide our clients with attractive long-term investments that generate sustainable returns and have a positive impact on energy system transformation.”

 

Please direct enquiries to media@energy-infrastructure-partners.com.

Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Swiss manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 3 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage solutions for institutional investors globally. Its clients primarily focus on pension funds, insurances and large family offices seeking investments in long-term, stable cash flow-generating assets that also contribute to security of energy supply, positive economic and social development, and the retirement provision of the population.

Disclaimer
This document does not constitute individual investment advice and does not release the recipient from making its own assessment with respect to an investment. The recipient must not take any investment decisions solely based on the information contained in this document and shall, if necessary or appropriate in consultation with external advisers, assess the information based on the recipient’s individual circumstances in terms of suitability and appropriateness and any legal, regulatory, tax, accounting or other consequences such an investment may have.

Copyright © 2020 Energy Infrastructure Partners AG. All rights reserved.

Acquisition of a stake in one of the largest wind farms in Europe by investors advised by EIP

Zurich, June 3, 2020 – Investors advised by Energy Infrastructure Partners AG (EIP) will invest in the Markbygden II wind farm cluster in Sweden

Investors advised by EIP will acquire a majority stake in a wind farm portfolio with a nominal power of 253 MW in the northern part of the Markbygden II (“Markbygden”) wind farm cluster in Sweden. Located close to the Arctic Polar Circle in the province of Norrbotten, Markbygden takes advantage of some of Europe’s best wind resources. When full production levels are achieved by the end of 2021, the majority stake in Markbygden will generate enough power to provide more than 66’000 Swedish households with electricity. The project represents an important contribution to Sweden’s goal of reaching both 100% renewable power production by 2040 and net zero emissions by 2045.

Peter Schümers, Transaction Lead EIP, commented: “We are pleased to have signed this transaction despite the current challenging environment. Our share in Markbygden is expected to be operational by the end of 2021, with a combined annual production of 657 GWh. We are looking forward to working with the seller, Enercon, one of the world’s leading innovators in wind energy with over 30 years’ industry experience.”

The investment in the northern part of Markbygden II constitutes a brownfield transaction without construction risk, as the wind farm will be taken over upon completion of construction. The necessary work for grid connection and infrastructure for the northern part began in 2019.

When completed, Markbygden II will be one of the top 3 onshore wind farms operating in Europe by installed capacity. Enercon will retain a minority stake, securing alignment of interests and underlining Enercon’s long-term commitment.

 

Please direct enquiries to media@energy-infrastructure-partners.com.

Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Swiss manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 3 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage solutions for institutional investors globally. Its clients primarily focus on pension funds, insurances and large family offices seeking investments in long-term, stable cash flow-generating assets that also contribute to security of energy supply, positive economic and social development, and the retirement provision of the population.

Disclaimer
This document does not constitute individual investment advice and does not release the recipient from making its own assessment with respect to an investment. The recipient must not take any investment decisions solely based on the information contained in this document and shall, if necessary or appropriate in consultation with external advisers, assess the information based on the recipient’s individual circumstances in terms of suitability and appropriateness and any legal, regulatory, tax, accounting or other consequences such an investment may have.

Copyright © 2020 Energy Infrastructure Partners AG. All rights reserved.