The German Coalition Government promised to make several changes to renewable energy policies when elected and increase the current growth observed in the country in 2021. Germany is planning towards reaching 80% of total energy production to be supplied from renewable energy sources. According to UBA, the country’s environmental protection agency estimated that 46% of German power consumption was powered by renewable energy sources. Thus, highlighting the need for significant investments in the green energy sector in the coming years. In this article, we will discuss 3 German independent power producers that are investing in green infrastructure.
1) NeXt Wind Management GmbH – Wind investor based in Berlin
NeXtWind is a renewable energy independent power producer who is specialist in the investment and rejuvenation of wind farms. The group was founded in 2020 with the goal of acquiring a portfolio in the excess of 1GW of European renewable energy projects. The Berlin-based firm is also targeting older projects and aims to revamp the sites, improving the output. The company aims to use PPAs in cooperation with some of the largest European utilities which will serve to increase their growth.
2) Connected Infrastructure Capital – Wind investor based in Hamburg
The Hamburg-based independent power producer are experts in the acquisition and operation of high-yield wind projects. The group is led by Hans Joern Rieks and Martin Heimes who both offer numerous years of experience in the renewable energy sector. Within the next three years, Connected Infrastructure Capital aims to develop or acquiring 500MW of wind farms.
3) Encavis AG – Wind and solar investor based in Hamburg
Since its foundation in 2017 from the merger of Capital Stage and Chorus Clean Energy, the Hamburg-based group has since become one of the leading independent power producers in Germany. As of November 2022, Encavis was managing a portfolio with an installed capacity of 2.1GW. The German group has since added to this portfolio with the acquisition of an 11.2MW wind farm from Energiekontor in February 2023. The group will continue to strengthen its portfolio thanks to its €600m renewables fund which was launched in partnership with German bank BayernLB.
Image Source: Karsten Wurth via Unsplash (18.02.2023)