CleanTech Capital provides business development, corporate and project finance, mergers & acquisitions, divestitures and restructuring services in the clean technology and renewable energy sector. CleanTech Capital has offices in Europe, North America & South America.
We give advice and offer hands-on business development and transaction execution services to listed and private companies, international and domestic utilities, entrepreneurs and institutional investors.
If you require hands-on and experienced transactors, valuation experts, project managers or interim managers with own business and investment track record we should be your partner.
Tel.: 041 760 3173
Fax: 041 760 3174
Germany´s prospective utility no. 1 lost 8.5% last Friday or 1 bn in market cap2018/10/05
Due to injunction against axing further threes in lignite mine area Hambacher Forest - The Higher Constitutional Court in Northrhine Westfalia shared the view of the environmental movement association BUND to stop RWE´s 100 ha woodcutting initiative until the court can finally decide on the case. The lignite mill Hambaccher Forest already destroyed 4,000 ha of woodland. The RWE Board expects lower profits of >100 mn p.a. due to a delay of the extension of the open mill. The Federal government is expected to ban the use of coal for energy generation by 2035-2038 or even before. RWE wants to hold on to lignite exploration.
ENEL monetizes its 1,800 MW Mexican solar and wind portfolio2018/09/28
ENEL reduces its overall stake to 20% but remains developer and operator of the assets - Caisse de dépot et placement du Québec ("CDPQ") and the leading Mexican pension funds CKD Infraestructura México acquired 80% of the 8 solar and wind farms in operation and under construction. The enterprise value is approx. $2.6 bn, thereof $0.3 bn equity, $0.8 bn project financing $1.5 bn related party loans. CDPQ and CKD paid $1.4 bn, $0.2 bn equity for the majority interest in the SPVs and around $1.2 bn in debt. ENEL may contribute additional projects in the future and becoming majority shareholder again.
Uniper mandates Rothschild to assess strategic options in France as government considers quick exit from coal energy2018/09/14
1,200MW out of a total 2,300MW of Uniper´s French production capacity is coal based - Emmanuel Macron aims at an coal exit by end of 2021. Uniper is the 2nd largest French power generator based on coal, besides EDF. France has only four remaining coal power plants that account for approx. 1.8% of the French power production. Two are owned by Uniper.
Heated discussion in German Coal Exit Commission about plan to shut down last coal power plans between 2035 and 20382018/09/14
German Railway CEO and former chief of staff for Angela Merkel Ronald Pofalla tabled plan for a coal exit by 2038 at the latest - No comment from the government, early stage of discussions. Conservative Prime Minister of Industrial State Northrhein Westfalia Armin Laschet considers period between 2030 and 2045 as realistic for a coal exit.
RWE pushes forward to build further lignite power plants in Germany2018/09/13
Big Police Force clears remaining forest from green demonstrators. On the existing site covering 40km2 RWE last year extracted 38 mn tons of lignite in huge open pits. Just on this site it plans to extract a further 1.35 bn t of lignite until 2050. - Over the years RWE already cleared 3,900 hectars of woodlands to build a new lignite power plants in the woods of Northrhein Westfalia. RWE plans to start construction while a government committee is currently reviewing plans to exit power generation from coal. RWE largest shareholders group are still state and municipalities.