Frankfurt am Main, 20.06.2016
The consulting firm Capcora, a specialist for renewable energy projects based in Frankfurt, Germany, successfully completed the sales transaction of a 21.3 MW wind farm portfolio as a transaction manager. Capcora had been mandated by the seller to place the wind farm with one or various institutional investors. The assets awoke high interest among institutional investors and were sold to an investor in the course of a portfolio transaction.
The portfolio consisted of eight wind turbine generators (WTG), commissioned on different dates. Three of them were already in operation; five WTGs were put into operation parallel to the sales process. As special attention had to be paid to different feed-in tariffs, it was essential to coordinate the signing, closing and commissioning of the remaining WTGs very closely. The WTGs are located at three different sites in two German federal states. Powerful generators of the established manufacturers General Electric and Enercon were installed. About 17,000 households can be supplied with a total capacity of 21.3 MW and an energy yield of approx. 59,500,000 kWh.
Capcora monitored and supported the entire transaction process, consisting in addressing investors, selecting an investor through a benchmarking process, coordinating the due diligence process and the closing. After signing a Letter of Intent (LOI), the due diligence and the closing were completed within only four weeks, which is remarkable in light of the complexity of a portfolio transaction. This tight schedule could only be fulfilled due to the professional time and resource management of all parties involved.
The Capcora team can rely on long-standing experience in the implementation of financing and sales transactions. In the onshore sector alone, the management draws on transaction volume expertise of approx. 100 MW in the last 18 months alone.