Capcora supports ENERPARC on the sale of a 440 MWp photovoltaic solar portfolio in Germany and Spain to the Ingka group


DGAP-News: Capcora GmbH / Keyword(s): Disposal
07.04.2022 / 09:00
The issuer is solely responsible for the content of this announcement.

Ingka Investments, the investment arm of the Ingka Group, is acquiring nine solar photovoltaic park projects in Germany and Spain from solar photovoltaic developer, ENERPARC. The total investment in the solar photovoltaic development portfolio will amount to approximately 340 million euros. Capcora, a German advisory firm, acted as exclusive M&A advisor to ENERPARC.

The expected energy capacity of solar photovoltaic parks is equal to 300 MWp in Germany on four solar photovoltaic development projects and 140 MWp in Spain on five solar photovoltaic development projects. The projects are in their early stages and should be ready for construction at the end of 2022, continuing until 2023. The construction itself will take around six months. The expected output from the solar photovoltaic parks in Germany and Spain is equivalent to the electricity consumption of approximately 140,000 European homes and will generate the equivalent of the electricity consumption of all IKEA stores and warehouses in both countries.

“We are delighted to announce this important initiative to enable the consumption of renewable electricity in Germany and Spain, which is another step in accelerating our energy production in Europe and North America. With our our own solar and wind farms, we want to make renewable energy available throughout the IKEA value chain and beyond,” says Krister Mattsson, Managing Director, Ingka Investments.

“This partnership is part of our dedicated strategy to develop a total of 10 GW of solar photovoltaic power plants for our own portfolio and third-party portfolios until 2030. It is a wonderful signal that the Ingka Group and ENERPARC have joined their forces to contribute to a world of carbon-neutral energy production. says Christoph Koeppen, CEO and Chairman of the Board of ENERPARC AG.

“We are delighted to have been part of this great transaction between two companies that have been leading the renewable energy industry for years. Cooperations of this type will become increasingly relevant in the future – experts on the ground are helping to satisfy the energy hunger of an international society.” adds Jochen Magerfleisch, Managing Partner at Capcora.

Legally, Ingka Group was advised by Luther, while ENERPARC was supported by Osborne Clarke, Hamburg (Documentation) and Simmons & Simmons, Frankfurt (Due Diligence) in the transaction, with Capcora as M&A advisor.

Based in Hamburg, ENERPARC is a large-scale photovoltaic company that covers the entire value chain. Services range from development and design, to procurement and construction, through to operation and maintenance, as well as asset management and energy trading. Founded in 2008, ENERPARC has grown into a global player with more than 300 experienced employees and authorized partners in Spain, France, India and Australia. ENERPARC has successfully commissioned projects with an overall capacity of 3,600 MW and operates 2,500 MW.

About Ingka Group
Ingka Group (Ingka Holding BV and its controlled entities) is one of 12 different groups of companies that own and operate IKEA retail under franchise agreements with Inter IKEA Systems BV Ingka Group has three business segments. activity: IKEA Retail, Ingka Investments and Ingka Centres. Ingka Group is a strategic partner of the IKEA franchise system, operating 392 IKEA stores in 32 countries. These IKEA stores had 657 million visits in FY21 and 4.6 billion visits to The Ingka Group operates under IKEA’s vision – to create a better everyday life for as many people as possible by offering a wide range of functional, well-designed home furnishings at prices so low that as many people as possible can afford it.

About Capcora
Capcora is a consulting firm specializing in real estate assets. Capcora provides equity, mezzanine and debt financing for energy and infrastructure projects, real estate and mid-market companies. Particular emphasis is placed on mezzanine financing for the recapitalization of cash tied up in operating assets as well as for bridging financing of developments and construction measures in the field of renewable energies (photovoltaic, onshore wind) and real estate through alternative sources of financing. In addition, Capcora acts as transaction manager for mergers and acquisitions processes (buy and sell side advisor).

07.04.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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