Capital Dynamics has acquired an 80% equity stake in a hybrid solar and battery energy storage project located in Saxony-Anhalt, Germany, marking the firm’s first clean energy infrastructure investment in the country.
The project includes a 34 megawatt-peak (MWp) solar photovoltaic (PV) installation co-located with an 11.7MW battery energy storage system (BESS). The remaining stake is retained by German renewable energy developer Münch Energie, which originated and developed the project.
The investment is underpinned by a fixed-price corporate power purchase agreement (PPA) and revenue from Germany’s EEG innovation tender scheme, aimed at promoting renewable energy innovation and integration.
“We are delighted to announce our first clean energy investment within Germany, a country benefitting from significant market and policy tailwinds within the clean energy sector,” said Dario Bertagna, senior managing director and co-head of clean energy at Capital Dynamics. “The investment is a testament to our commitment to accelerating the clean energy transition and delivering long-term, sustainable value to our investors and local communities.”
Capital Dynamics described Germany as a strategic growth market, citing favorable regulatory conditions and growing interest in co-located and hybrid renewable energy assets amid ongoing energy market volatility.
“We see growing momentum for clean energy projects in the market as heightened price volatility creates upside for co-location and hybrid strategies, particularly solar-plus-storage,” Bertagna added.
The firm said it expects to increase its investments in Germany as part of its broader European clean energy strategy.
