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
German renewable build-out is lagging behind plan2019/08/10
Again limited interest in latest wind auction - The latest auction was only for a total volume of 650MW but only 208MW could be allocated to 32 projects which is in average <7MW per project. Regulatory hurdles and long legal disputes and small project sizes limit the interest of developers.
Uniper plans to start operations of its new 1.1 MW hard coal power plant Datteln 4 in Summer 2020, 1.4bn investment2019/08/09
Operating Cash Flow in H1 2019 negative: -322mn (H1/2018: +465) EBITDA -30% EBIT -49% Net Economic Debt +28% but Net Income 968mn (H1 2018: -522mn) - Results in line with expectations, full year guidance confirmed. Most negative effects are either Guided, i.e. they are anticipated within full-year guidance, or to revert, i.e. wont be impacting the year-on-year development on full-year basis.
Weaker results for Innogy in its final year of existence2019/08/09
Guidance 2019 confirmed - continued problems on UK market - electricity sales down, gas sales up, total sales -1.7% adj. EBITDA -5.1% adj. EBIT -15.9% adj. Net Income -26.3%. Both, E.ON who will assume the Innogy UK business know as npower and Innogy struggle on the UK market. Innogy accumulated a loss of 81mn in H1 2019 which could rise to -250mn by year end. The churn rate in the UK is considerably higher than in Germany, Innogy lost about 136,000 electricity customer and 102,000 gas customer in the last six month. The focus is on the further build-out of the renewable business which will end up with RWE.
Brazil accelerates chop down of Amazonas forest2019/08/08
3 soccer fields per minute or 2,254 km2 in July 2019 - 9 INPA reported an increase of 88% compared with a year ago, which also was a record year in forest destroyment. Last week, president Bolsonaro who considers the Brazilian Amazonas forest purely as a domestic matter replaced the respected INPE president Mr. Ricardo Galvao by a military member.
E.ON remains worst performer of all German utilities over past five years2019/08/07
Declining share price upon announcement of half yearly results: EBIT down 12%, Adj. Net Income down 16% Operating CF down 29% Economic Net Debt up 3.6 bn - The E.ON share price exceeded a level of 10 p. sh.twice this year but lost again 15% during the last two months. It is not far above its all-time low reached at the end of 2016 after spinning off its thermal power generation business as Uniper AG. Uniper performed plus 170% since then while its rival RWE and future anchor investor RWE more than doubled over that time and is among the best performing stocks in the DAX this year. E.ON confirmed full year outlook and reports preparation of innogy takeover fully on track.