Prime Capital | Investment profile, portfolio

What’s the focus of Prime Capital?

Founded in 2006, the German asset manager specialises in alternative investments with numerous investments in renewable energies, private debt and infrastructure. The company is headquartered in Frankfurt, Germany but active internationally. Regarding renewable energy investments, the firm’s focus lies on onshore wind assets.

Frankfurt-based asset manager with large-scale wind portfolio

In 2020, the company launched its Prime Green Energy Infrastructure Fund, termed “PGEIF”. The fund was launched in collaboration with Siemens Financial Services/Siemens Gamesa. PGEIF was the first infrastructure equity fund to receive a second party opinion from Sustainalytics, complying with the stringent sustainable and responsible investment principles.

PGEIF exceeds €500m Nordic onshore wind target

PGEIF has raised €586m worth of investment for their wind projects in Sweden, Finland and Norway. The construction of the wind projects have already commenced, with a total installed capacity of 816MW and one site has reached grid connection. These new investments raise Prime Capital’s total installed capacity to 2GW. Once the group have completed the construction of all further three to five projects, the electricity produced will be enough to power over 800,000 households. The German asset manager will also aim to explore different avenues of renewable energy, looking at utilizing green hydrogen and other carbon-neutral sources.

Acquisition of 70MW wind project in Sweden

Frankfurt-based asset manager Prime Capital has purchased the Hallösa wind project in Sweden from developer Kraftö through its Prime Green Energy Infrastructure Fund. The Hallösa wind farm has a capacity of 70MW and will require over €100 million to be built. The project is expected to become operational by the end of 2024.

Acquisition of a 290MW wind portfolio in Sweden

German renewable energy investor Prime Capital will acquire the Lycksele portfolio from RES. The Lycksele portfolio consists of three wind energy projects in Västerbotten County, Sweden with a total capacity of 290MW. The three projects are expected to become operational in 2025.

Picture source: Unsplash, 19.03.2021