Our extensive industry network across project developers, technology providers, consultants, traders, offtakers and financiers is one of the largest in Europe. Our contacts keep us abreast of all sector trends, market developments and investment opportunities in renewable energy infrastructure.
Luxcara has further elevated its ESG standards by receiving the highest possible rating for its Green Financing Framework. All bond and loan products that are already, or will be issued or entered into by companies advised by Luxcara are rated as green bonds or green loans in line with the relevant principles.
Luxcara and Wood Group have formally agreed to collaborate on energy transition investment opportunities.
Renewable energy asset manager Luxcara has closed a PPA for a Danish solar portfolio with Meta, formerly the Facebook company.
Renewable energy asset manager Luxcara and marine construction company Van Oord completed the sale and transfer of Van Oord’s 10% participation in Blauwwind to Luxcara at the end of December 2021.
Luxcara and UmweltBank AG have achieved financial close for Germany’s largest independent solar PV project. UmweltBank AG is financing the Tramm-Göthen solar farm under construction in the municipalities of Tramm and Lewitzrand in the state of Mecklenburg-Western Pomerania.
MEAG is financing the Önusberget wind farm under construction in Northern Sweden. The project has a planned capacity of over 750 MW and is owned by renewable energy fu
Luxcara has advised on the structuring of a green project bond to finance a wind farm portfolio in Finland consisting of three wind farms with a total capacity of approximately 163 MW.
Luxcara is expanding an existing collaboration with the Finnish contractor VEO for electrical works in Northern Sweden. The turnkey contract covers the design and delivery of two large substations for the Önusberget wind farm.
RWE Supply & Trading will source electricity from Germany's largest independent solar park from 2022 onwards and supply it to VW. The plant operated by German Asset Manager Luxcara in Tramm-Göthen will be built without making use of subsidies and is scheduled for completion by the end of 2021.
Luxcara has closed a long-term power purchase agreement (PPA) with Amazon. The deal is one of the continent’s largest onshore wind PPAs and covers a significant share of the power to be produced by the 374MW onshore wind park Kallamossen in Northern Sweden.
Luxcara and the Norwegian energy company Agder Energi, have entered into a physical long-term power purchase agreement (PPA) for part of the output of a wind power portfolio across Sweden and Finland.
Luxcara and GE Renewable Energy today announced an agreement to deliver 753 MW of onshore wind capacity with the Önusberget wind farm in northern Sweden.
With a total capacity of up to 415 MWp, Denmark’s largest solar electricity portfolio to date will start providing green electricity to consumers and businesses in 2021 with final completion in 2023.
BELECTRIC has developed the currently largest German PV project that is not owned by a utility, and now sold it to Luxcara. Luxcara has selected BELECTRIC to build and operate the 172-MW solar farm. The contracts for this collaboration were signed last week. The parties agreed to keep the purchase price confidential.
Luxcara and ABO Wind have closed Construction and Service Agreements for three Finnish wind projects, which Luxcara has acquired from ABO Wind.
Luxcara and Vestas have closed turbine supply agreements and long-term service agreements for the three wind projects Välikangas, Pihtipudas and Sievi.
Luxcara has been recognized for the "wind onshore deal of the year 2018". The company proudly received the award at the first European Wind Investment Awards celebration in London on October 31st.
Luxcara has again pioneered the structuring of project financing solutions. A Spanish solar project in Luxcara’s portfolio has issued debt in accordance with the German Investment Ordinance for infrastructure debt, section 2 (1) no. 4c.
Luxcara has acquired another solar project in Andalusia in Southern Spain. The solar project Utrilla is situated adjacent to the solar farm El Salobral, whose acquisition Luxcara announced at the end of 2017.
Luxcara has acquired two more Finnish wind projects. Sievi and Pihtipudas have a projected capacity of 60 MW. The produced electricity, which can provide more than 50 000 households with clean energy, will be sold to an off-taker on the basis of a power purchase agreement (PPA).
Luxcara and Alpiq have entered into a physical long-term power purchase agreement (PPA) for the output of the solar project Guillena-Salteras in Spain. The agreement comes just a few weeks after closing their first long-term PPA for the project El Salobral.
The Önusberget wind farm, part of the Markbygden 1101 cluster, has been sold by the developer Svevind to the asset manager Luxcara. Luxcara expects to begin construction activities in 2019 and achieve commercial operation of the project by the end of 2021. The project has an expected total capacity of 750 MW, making it one of the largest single-site onshore wind projects to be realized in Europe.
Luxcara, one of Europe’s leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance the wind farms Skinansfjellet und Gravdal in Norway.
Similar to the financing of the wind farm Eikeland-Steinsland in July 2018, a lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group, the Austrian insurance company UNIQA and one further European insurance group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara.
The wind farms Skinansfjellet and Gravdal are located in windy Southern Norway and belong to the Bjerkreim cluster, which Luxcara acquired in 2016. The Bjerkreim cluster has a capacity of 294 MW. The financing is based upon a long-term power purchase agreement (PPA) with Facebook.
“By broadening the institutional investor base compared to the wind farm Eikeland-Steinsland, we have proven our ability to structure and place project bond financings of renewable energy projects and thus addressing the individual needs of institutional investors in this regard. We are already looking forward to realizing more attractive debt financing solutions of solar and wind projects in the near future“, says Marc Brehm, Managing Partner of Luxcara.
Holger Kerzel, Managing Director of MEAG: „This project in established partnership fulfills our high requirements to sustainable and economically successful investments. Private financing by MEAG makes an important contribution to the maintenance and renewal of infrastructure and the development of renewables.“
Dimitar Lambrev, Senior Portfolio Manager of UNIQA: „For the UNIQA Group sustainability means taking over responsibility in an economical, societal and ecological way. Financing the project Skinansfjellet/Gravdal forms part of our sustainability strategy.“
Luxcara and MEAG jointly structured the financing. Acting as the arranger, MEAG represents Munich Re's institutional investors. Luxcara was advised legally by Norton Rose Fulbright and MEAG by White & Case LLP. The financing of the wind farm benefits from an insurance package which has been structured by Munich Re's Corporate Insurance Partner. Furthermore, Munich Re's inhouse technical advisor Hartford Steam Boiler Inspection and Insurance Co. (HSB), Connecticut has been employed in the technical due diligence.
About Luxcara
Luxcara is an independent asset manager offering institutional investors equity and debt investment opportunities in the international renewable energy market. The owner-managed company was founded in 2009. Luxcara acquires, structures, finances and operates renewable energy and related infrastructure projects as a long-term buy-and-hold investor. The company specializes in structuring free-market power purchase agreements.
Luxcara's portfolio includes solar and wind power plants across Europe with a total capacity of more than 1 gigawatt and an investment volume exceeding 2.3 billion euros. With this outstanding track record, Luxcara is one of Europe’s most experienced asset managers for renewable energy investments.
Media contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
Email: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of the leading asset managers for renewable energy investments, and Alpiq, a pan European energy services provider and electricity producer with Swiss roots, offering customized and digital energy solutions, have entered into a physical long-term power pur-chase agreement (PPA) for the output of the Spanish solar project El Salobral.
The solar project is located in the southern Spanish municipality of Espejo. With a capacity of approximately 45 MWp, the solar plant will provide more than 20,000 households with renewable energy.
“Already back in 2015, we started to focus on projects in grid parity markets and to structure PPAs with reliable offtakers for our wind and solar portfolio. We are happy to now enter into an agreement with Alpiq for this solar project in Spain”, says Dr. Philip Sander, Managing Partner of Luxcara.
“Alpiq is strongly committed to the Spanish market for almost 10 years and we have a voca-tion for growth in Spain, where we remain very close to renewable producers and cogener-ation plants offering tailor-made solutions to optimize their revenues and help them manage their risks, and on competitive gas and power supply. This is a very relevant transaction for Alpiq in Spain and we expect that we will be able to expand the collaboration with Luxcara in the future in Spain and in other European countries”, says Guillermo Negro, Country Manager of Alpiq in Spain.
At the end of 2017, the solar project El Salobral was acquired by Luxcara for a portfolio for institutional investors. With the solar project Guillena-Salteras, Luxcara added another Spanish solar project to its portfolio in December 2018.
About Luxcara
Luxcara is an independent asset manager offering institutional investors equity and debt investment opportunities in the international renewable energy market. The owner-managed company was founded in 2009. Luxcara acquires, structures, finances and operates renewable energy and related infrastructure projects as a long-term buy-and-hold investor. The company specializes in structuring free-market power purchase agreements.
Luxcara's portfolio includes solar and wind power plants across Europe with a total capacity of more than 1 gigawatt and an investment volume exceeding 2.3 billion euros. With this outstanding track record, Luxcara is one of Europe’s most experienced asset managers for renewable energy investments.
About Alpiq
Alpiq is a leading Swiss energy services provider and electricity producer in Europe. Alpiq offers its customers comprehensive and efficient services in the fields of energy generation and trading as well as energy optimisation and E- Mobility. As an international energy trader, Alpiq is active on all major European markets with unique expertise in the field of flexibility management and origination.
With a strong presence in Spain since 2010, Alpiq operates its own power generation facilities and offers solutions mainly oriented to the industrial sector such as the supply of power and gas, as well as market access and risk management, with a diversified customer base in industrial sectors such as chemistry, automotive, food, pulp and paper or ceramics.
The Alpiq Group has approximately 1550 employees, is headquartered in Lausanne and is listed on the SIX Swiss Exchange.
Media contact:
Lars Haugwitz GFD - Gesellschaft für Finanzkommunikation mbH Telephone: +49 69 97 12 47 34
Email: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of the leading asset managers for renewable energy investments, has acquired the Finnish wind power project Välikangas, which has a projected capacity of 100 MW. The produced electricity will be sold to an off-taker on the basis of a power purchase agreement (PPA).
The wind farm has been developed by and will be built with ABO Wind as construction manager. Connection to the grid is envisaged for summer 2020.
“We continue to be convinced by wind power in the Nordics and are happy to realize this Finnish wind project on the basis of already established business partnerships thanks to our existing wind projects in other countries”, says Dr. Alexandra von Bernstorff, Managing Partner of Luxcara.
The wind farm lies in the region of Northern Ostrobothnia and has excellent wind conditions. It was acquired for a portfolio for institutional investors and will provide more than 90.000 households with clean energy.
About Luxcara
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable-energy portfolios with emphasis on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of more than 1 gigawatt and an investment volume above 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewable energy sector.
Media contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
E-mail: haugwitz@gfd-finanzkommunikation.de
Luxcara is again one of the main sponsors of the Infrastructure Investor Global Summit.
The conference takes place in Berlin on March 18th to 21nd. With more than 2000 attendees it is one of the largest events in institutional infrastructure investment. You can find the agenda and more information on the 13th Infrastructure Investor Global Summit on the conference’s website.
We are looking forward to seeing you in Berlin.
Luxcara, one of the leading asset managers for renewable energy investments, has acquired the solar project Guillena-Salteras located in southern Spain. The plant will have a projected capacity of approximately 121 MWp. Construction works will begin shortly.
The facility is expected to be connected to the grid in Q2/ 2020. Like project El Salobral, which Luxcara acquired in December 2017, Guillena-Salteras will sell the produced… electricity directly to an off-taker on the basis of a power purchase agreement (PPA).
The solar park is situated north of Sevilla in the intensely sunny region of Andalusia and will be connected to the Salteras transformer substation, owned by Red Eléctrica de España S.A. The project, acquired for a portfolio for institutional investors, was developed by Solarig Global Services S.A., who will also build the plant as an EPC contractor.
"This is our second investment in southern Spain within a year. Andalusia continues to convince us with its high specific yield and very low LCOE," says Dr. Philip Sander, managing partner of Luxcara.
Luxcara, one of the leading asset managers for renewable energy investments, has acquired the solar project Guillena-Salteras located in southern Spain. The plant will have a projected capacity of approximately 121 MWp. Construction works will begin shortly. The facility is expected to be connected to the grid in Q2/ 2020. Like project El Salobral, which Luxcara acquired in December 2017, Guillena-Salteras will sell the produced electricity directly to an off-taker on the basis of a power purchase agreement (PPA).
The solar park is situated north of Sevilla in the intensely sunny region of Andalusia and will be connected to the Salteras transformer substation, owned by Red Eléctrica de España S.A. The project, acquired for a portfolio for institutional investors, was developed by Solarig Global Services S.A., who will also build the plant as an EPC contractor.
"This is our second investment in southern Spain within a year. Andalusia continues to convince us with its high specific yield and very low LCOE," says Dr. Philip Sander, managing partner of Luxcara.
About Luxcara
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable-energy portfolios with emphasis on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of more than 1 gigawatt and an investment volume above 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewable energy sector.
About Solarig
Solarig is a leading reference in the provision of EPC and O&M services in more than 20 countries and 4 continents. One of Solarig's added values recognized by its customers is the development of pipelines of projects based on clients' needs, as is the case for this project.
Media contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
E-mail: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of the leading asset managers for renewable-energy investments, has officially opened a wind farm comprising 33 turbines in Egersund, Norway. The facility, which was completed in only 15 months, has a total capacity of 111.2 MW. All of the turbines have been feeding power into the grid since November 2017. The opening celebration took place on May 23 with the enthusiastic participation of local residents, who are extremely interested in the topics of wind power and climate change. Norway has committed to the goal of reducing the country's emissions by 40% by 2030.
The wind farm in Egersund was still in the development phase when it was acquired by Luxcara in December 2015 for a renewable-energy portfolio for institutional investors. The investor pool consists exclusively of institutionals aiming to achieve a reliable return with clean technologies, and thus with renewable energy. The portfolio pursues a buy-and-hold strategy, resulting in a sustainable, long-term commitment. A 15-year power purchase agreement with the Axpo Group in Switzerland was already in place by November 2016.
Luxcara not only manages the facilities themselves over the long term, but is also committed to the local environment. Luxcara therefore created new walking paths in the vicinity of the wind farm and financed the installation of park benches in order to open up the area for nature tourism. Already during the construction phase, residents of the region were invited to regular open houses and tours.
"Opening the Egersund wind farm on schedule demonstrates how important it is to us to respect the needs of the various stakeholders. It is eminently important to us that our financial commitment achieve a positive social and ecological effect. We would be pleased to partner with Norwegian institutional investors as well when we invest in renewable energy and infrastructure in the future," says Dr. Alexandra von Bernstorff, managing partner of Luxcara.
About LUXCARA
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable-energy portfolios with emphasis on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of almost 1 gigawatt and an investment volume of nearly 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewableenergy sector.
Luxcara, one of Europe’s leading asset managers for renewable energy investments, will build the solar project El Salobral with Grupotec Servicios Avanzados S.A. as EPC contractor. Grupotec has more than 20 years of experience in the renewable energy sector and has built more than 600 MW in solar projects.
Luxcara, one of Europe’s leading asset managers for renewable energy investments, will build the solar project El Salobral with Grupotec Servicios Avanzados S.A. as EPC contractor. Grupotec has more than 20 years of experience in the renewable energy sector and has built more than 600 MW in solar projects.
The solar project El Salobral is located in the southern Spanish municipality of Espejo. The commencement of works is scheduled for the third quarter of 2018. The construction period will last until mid-2019. The plant is located between Córdoba and Málaga and will have a projected capacity of approximately 45 MW. El Salobral will sell the produced electricity directly to an off-taker on the basis of a power purchase agreement (PPA).
The solar park is situated in the intensely sunny region of Andalusia. Because of its high specific yield, the location is exceptionally well suited to long-term solar power generation, which promises a reliable return for the investors. El Salobral is part of a portfolio for institutional investors.
About Luxcara
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable-energy portfolios with emphasis on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of almost 1 gigawatt and an investment volume of nearly 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewableenergy sector.
Media contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
E-mail: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of Europe’s leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance a wind farm in Norway. A lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara.
The financing of the construction and commissioning of the wind farm Eikeland-Steinsland, which has a capacity of 155.4 MW, is based upon a long-term power purchase agreement (PPA) with Facebook.
“We are very happy to have initiated and structured together with MEAG a project bond for a renewable energy project with a PPA in Europe”, says Dr. Alexandra von Bernstorff, Managing Partner at Luxcara.
Holger Kerzel, Managing Director of MEAG: „We like to invest in renewable energy and we like to support the energy transition from fossil fuels to renewable energy. Financings of the private sector are an important contribution for the development of renewable energy."
Luxcara and MEAG jointly structured the financing. Acting as the arranger, MEAG represents Munich Re's institutional investors. Luxcara was advised legally by Norton Rose Fulbright and MEAG by White & Case LLP. The financing of the wind farm benefits from an insurance package which has been structured by Munich Re's Corporate Insurance Partner. Furthermore, Munich Re's inhouse technical advisor Hartford Steam Boiler Inspection and Insurance Co. (HSB), Connecticut has been employed in the technical due diligence.
About LUXCARA
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable-energy portfolios with emphasis on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of almost 1 gigawatt and an investment volume of nearly 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewableenergy sector.
Facebook and Luxcara, one of Europe’s leading asset managers for renewable energy investments, have entered into long-term power purchase agreements (PPAs) for 100% of the output and environmental (green) attributes of three contiguous wind projects (Gravdal, Skinansfjellet and Eikeland-Steinsland) in southwest Norway. The projects, known collectively as the Bjerkreim cluster, will consist of seventy wind turbines of 4.2 MW each and should reach commercial operation in Q4 2019. Facebook’s PPAs will provide the longterm financial certainty needed for the projects, which comprise an aggregate investment exceeding 400 million Euros, to be financed, constructed, and operated by Luxcara. The 294 MW of capacity is projected to add more than 1,000,000 megawatt hours of new clean and renewable energy to the Nordic grid each year.
“We are very happy to have entered into an agreement with such a strong corporate partner. Facebook’s engagement gives proof to Luxcara’s commitment to making renewable energy the most attractive option in every regard for our partners”, says Dr. Alexandra von Bernstorff, Managing Partner of Luxcara.
“We are excited to partner with Luxcara on our largest European renewable energy solution to date. Facebook is committed to bringing new supplies of renewable energy to the electric grid not only to support our facilities, but to encourage the growth of clean and renewable resources.” said Vince Van Son, Facebook’s Commercial Director for Energy and Infrastructure.
The projects are part of a portfolio of renewable energy assets for institutional investors managed by Luxcara. Once operational Bjerkreim and Egersund, which was connected to the grid last year, will increase Luxcara’s wind energy portfolio in Norway to more than 400 MW. The German asset manager and its regional business partners developed the projects in close cooperation with the local communities.
About Luxcara
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios with emphasis on selling energy based on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of almost one gigawatt and an investment volume of nearly 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewable energy sector.
Luxcara, one of the leading asset managers for renewable energy investments, has acquired the solar project El Salobral located in the southern Spanish municipality of Espejo. El Salobral will be realized in late summer 2018. Completion and connection to the grid are planned for the second part of 2018. The plant is located between Córdoba and Málaga and will have a projected capacity of approximately 45 MWp. El Salobral will sell the produced electricity directly to an off-taker on the basis of a power purchase agreement (PPA).
The solar park is situated in the intensely sunny region of Andalusia. Because of its high specific yield, the location is exceptionally well suited to long-term solar power generation, which promises a reliable return for the investors. El Salobral was acquired for a portfolio for institutional investors.
"We are very happy to realize a solar project in Spain under free market conditions. El Salobral allows us to invest in a solar market with one of the strongest growth potentials in Europe," says Dr. Alexandra von Bernstorff, managing partner of Luxcara.
About Luxcara
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios with emphasis on selling energy based on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of almost one gigawatt and an investment volume of nearly 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewable energy sector.
Media contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telefon: +49 69 97 12 47 34
E-Mail: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of the leading asset managers for renewable energy investments, has announced the completion of the Norwegian onshore wind farm “Egersund”. The project was secured in December 2015 for a portfolio of institutional investors.
The onshore wind farm comprises 33 turbines and has a total capacity of 111.2 Megawatts. A power purchase agreement of 15 years was already signed in November 2016 and the financial close with long-term financing was finalized in March this year.
Built on a plot of more than seven square kilometers in size, Egersund is located five kilometers from the western coast of Norway. The site offers outstanding wind conditions that promise continuous power production and a reliable return on capital for the investors.
“We are pleased to have completed construction on schedule. With Egersund, we provide our investors access to one of the most profitable locations in Europe for ecologically sustainable power production. Norway will continue to gain importance as an energy-generating country, as has been demonstrated by the construction of electricity transmission lines between Norway and Germany as well as between Norway and Great Britain," says Dr. Alexandra von Bernstorff, Managing Partner of Luxcara.
About Luxcara
Luxcara is an independent asset manager, specialising in renewable energy investments for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders Dr Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates long-term renewable energy portfolios and manages an investment volume of close to EUR 2.3 billion.
Luxcara’s portfolio includes solar and wind farms in Europe with a total capacity of nearly 1 Gigawatt. With this extensive track record, Luxcara is one of the most experienced asset managers for renewable energy investments.
Media contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telefon: +49 69 97 12 47 34
E-Mail: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of Europe’s leading asset managers for renewable energy investments, has once again acquired a sizeable portfolio of wind turbines in southern Norway. The wind farms are located in the Bjerkreim region and will provide a total capacity of 262.8 MW. Luxcara is thus expanding its portfolio of European solar and wind farms to a total capacity of almost 800 MW.
“Thanks to our excellent network, we have been successful in acquiring another large wind portfolio in Norway for our institutional investors within a short period of time,” says Dr Alexandra von Berns¬torff, Managing Partner of Luxcara.
A total of 73 wind turbines will be constructed and are expected to be completed and connected to the grid in 2019.
“We are currently in negotiations with several well-known partners regarding a long-term power purchase agreement. In combination with reliable wind farms at sites with continuously high levels of wind throughout the year, we are laying the foundations for sustainable cash flows and an attractive project for our investors,” explains von Bernstorff.
About Luxcara
Luxcara is an independent asset manager, specialising in renewable energy investments for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders Dr Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates long-term renewable energy portfolios and manages an investment volume of close to EUR 2.3 billion.
Luxcara currently manages a portfolio comprising photovoltaic and wind power plants in Germany, France, Italy, Great Britain and Scandinavia with a total capacity of approx. 800 MW. With this extensive track record, Luxcara is one of the most experienced asset managers for renewable energy investments.
Media contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telefon: +49 69 97 12 47 34
E-Mail: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of Europe's leading asset managers for renewable energy investments, has reached financial close for the Norwegian Egersund onshore wind farm. A banking syndicate consisting of Skandinaviska Enskilda Banken AB (SEB) and KfW Ipex Bank GmbH is providing the long-term financing.
“We are pleased to be well on schedule with Egersund. In concluding financing, we have successfully completed another important stage. Our many years of experience and our extensive network have made a significant contribution to rapidly advancing this project for our investors. When the first turbines are commissioned in June 2017, the wind farm will already start feeding electricity into the grid and delivering a return on investment for our investors,” says Dr Alexandra von Bernstorff, Managing Partner of Luxcara.
Luxcara acquired the project Egersund which is located on the southwest coast of Nor-way in December 2015. A total of 33 wind turbines with a capacity of 111.2 megawatts are to be built there and will gradually commence operations. In November 2016, Luxcara concluded a long-term power purchase agreement for the project with Swiss utility Axpo Nordic AS. Egersund was acquired for the portfolio of the sub-fund “Solar and Wind”, which was launched in September 2015 under the partnership of FLAVEO Infrastructure Europe SCS SICAV-FIS. The fund is accessible exclusively to institutional investors, the portfolio currently comprises projects with a total capacity of around 265 megawatts."
About Luxcara
Luxcara is an independent asset manager, specialising in renewable energy investments for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders Dr Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates long-term renewable energy portfolios and manages an investment volume of close to EUR 2.1 billion. Luxcara currently manages a portfolio comprising photovoltaic and wind power plants in Germany, France, Italy, Great Britain and Scandinavia with a total capacity of approx. 600 MW. With this extensive track record, Luxcara is one of the most experienced asset managers for renewable energy investments.
Press contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
Email: haugwitz@gfd-finanzkommunikation.de
Luxcara, a leading independent European asset manager for renewable energy investments, has acquired two additional solar projects in the United Kingdom from Conergy. On completion, the plants will have a total output of 19.5 MW. Luxcara will add the portfolio to its third renewable energy fund, FLAVEO Infrastructure Europe SCS SICAV-FIS – Solar and Wind. This means that the fund portfolio has increased almost over 190 megawatts since its launch in September 2015, comprising solar farms and onshore wind farms in Germany, the United Kingdom and Norway. The investment volume is just above EUR 500 million.
"We have succeeded in acquiring another attractive project portfolio from Conergy. Both projects will be connected to the grid in June 2016 and receive a feed in tariff. This means a stable, long-term contribution to the overall fund portfolio is guaranteed for our investors," commented Dr Alexandra von Bernstorff, Managing Partner of Luxcara.
"We are thrilled to strengthen our relationship further with Luxcara with the sale of this portfolio – our second to Luxcara this year," said Rasmus Friis, Conergy’s President of Europe, Middle East, Africa and India. "Conergy's fully integrated business model has allowed us to present Luxcara with solar sites of the highest quality that we know will bring an abundance of social, economic and environmental benefits to their respective communities."
The solar farm in Manor Farm in Wales has an output of 9.5 MW, while the farm in Laceby in the north-east of England has an output of 10.0 MW. Both of the plants are FIT (feed-in tariff) projects, long-term subsidised projects with a fixed feed-in tariff. This is made possible by a CIC (Community Interest Company), a special form of non-commercial enterprise in which the local community participates in the profits generated by the respective plant.
"Our many years of expertise, solid network and strong reputation mean we enjoy the broad market access we require to identify high-quality, sustainably profitable renewable energy projects and acquire them for our investors. The fund that was launched in September 2015 currently has a subscription volume of EUR 170 million, of which 80 percent is already invested in assets following the latest acquisition, and we are in the process of negotiating further transactions," added von Bernstorff.
The third fund Solar and Wind launched and managed by Luxcara is a sub fund of the FLAVEO Infrastructure Europe SCS SICAV-FIS partnership and is exclusively for institutional investors, who can invest through subordinate bonds, securitisations and direct investments.
About Luxcara
Luxcara is an independent asset manager specialising exclusively in renewable energy investments for institutional investors. The owner-managed company was founded in May 2009 by the sole managing partners, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios in the long term, and manages an investment volume of approximately EUR 2 billion.
Luxcara's portfolio of solar farms and onshore wind farms is located in Germany, France, Italy, the United Kingdom and Norway with a total output of almost 500 megawatts. This makes Luxcara one of the most experienced asset managers in the field of renewable energy with an extensive track record.
About Conergy
Conergy is one of the world's largest downstream solar companies – specializing in the design, finance, build and long-term asset management and ownership of commercial, industrial and utility-scale solar power systems. Founded in 1998, the company has pioneered the expansion of solar globally and has built over 1.6 gigawatts across six continents. Conergy is privately held and majority-owned by Miami-based asset management firm Kawa Capital Management, Inc.
Press contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
Email: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of Europe's leading independent asset managers for renewable energy investments, is announcing the fifth closing for its third renewable energy fund. This increases the volume of ‘Solar and Wind’ to EUR 170 million, which was launched in September 2015 and is a sub-fund of the partnership FLAVEO Infrastructure Europe SCS SICAV-FIS.
The fund invests in solar farms and onshore wind farms in Europe and is open exclusively to institutional investors, who are offered subordinate bonds as well as securitisation options and direct investments on subscription to the fund. The fund portfolio currently holds investments in Germany, the United Kingdom and Norway with a total output of almost 190 megawatts. The investment volume is just above EUR 500 million.
"We are delighted that the majority of investors from our previous fund have also invested in our third renewable energy infrastructure fund and that we have succeeded in attracting further major investors," commented Kathrin Oechtering, Managing Partner of Luxcara. "So far, we have already invested 80% of the capital since the fund was launched in September 2015. Thanks to our excellent market access and many years of experience in deal execution, we can quickly carry out investments in high-quality renewable assets."
In 2009, Luxcara successfully launched the very first Luxembourg special fund in renewable energy for institutional investors ever long before other asset managers followed their idea. Two years later, Luxcara initiated FLAVEO S.A., SICAV-FIS a renewable energy fund with an investment volume of EUR 700 million. Today, Luxcara is one of the leading independent asset managers in the field of renewable energy with a portfolio of over 500 megawatts.
About Luxcara
Luxcara is an independent asset manager specialising exclusively in renewable energy investments for institutional investors. The owner-managed company was founded in May 2009 by the sole managing partners, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios in the long term, and manages an investment volume of approximately EUR 2 billion.
Luxcara’s portfolio of solar farms and onshore wind farms is located in Germany, France, Italy, the United Kingdom and Norway with a total output of over 500 megawatt. This makes Luxcara one of the most experienced asset managers in the field of renewable energy with an extensive track record.
Press contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
Email: haugwitz@gfd-finanzkommunikation.de
Luxcara, one of Europe’s leading asset managers for renewable energy investments, has acquired a portfolio consisting of five solar projects with a total output of 34.4 MWp in the United Kingdom, for its third renewable energies fund FLAVEO Infrastructure Europe SCS SICAV-FIS – Wind and Solar. The portfolio has a total value of around GBP 40 million (around EUR 52.6 million).
“We have acquired an attractive project portfolio from Conergy. Each of the five facilities has been developed and built to the highest standard of quality, which is key to ensuring our long-term returns. As the solar facilities were all built on brownfield sites and exhausted farmland, the projects will also have a sustainably positive impact on the environment,” said Dr Alexandra von Bernstorff, Managing Partner of Luxcara.
The seller is the UK branch of Conergy, based in Hamburg, Miami and Singapore, one of the world’s largest global solar companies, specialising in the development and turnkey implementation of large solar power systems. Conergy developed and constructed the five solar projects itself, and will continue to operate and maintain them for Luxcara. The projects are part of the feed-in tariff scheme, long-term subsidised projects with a fixed feed-in tariff. They also have further positive effects for their respective communities thanks to the selection of special non-profit company forms. They receive benefits, e.g. for their education and healthcare systems, that they can use for investment in renewable energies. All the sites were connected to the grid in December 2015.
“Our extensive market access enables us to identify attractive investment opportunities in renewable energies for our investors and to quickly invest the funds entrusted to us in high-quality assets. Other target projects have already been identified,” announced von Bernstorff.
Luxcara launched what is now its third Solar and Wind sub-fund under the FLAVEO Infrastructure Europe SCS SICAV-FIS partnership in 2015. The first wind power portfolios were acquired immediately after first closing in September. The fund is exclusively intended for institutional investors who can invest through subordinate bonds, securitisations and direct investments.
About Luxcara
Luxcara is an independent asset manager specialising exclusively in renewable energy investments for institutional investors. The owner-managed company was founded in May 2009 by the sole managing partners, Dr Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios in the long term, and manages an investment volume of approximately EUR 2 billion.
About Conergy
Conergy is one of the world's largest downstream solar companies – specializing in the design, finance, build and long-term asset management and ownership of commercial, industrial and utility-scale solar power systems. Founded in 1998, the company has pioneered the expansion of solar globally and has built over 1.5 GW across six continents. Conergy is privately held and majority-owned by Miami-based asset management firm Kawa Capital Management, Inc.
Press contact:
Lars Haugwitz
GFD - Gesellschaft für Finanzkommunikation mbH
Tel: +49 69 97 12 47 34
E-mail: haugwitz@gfd-finanzkommunikation.de
Luxcara, a leading asset manager in renewable energy investments, has launched its third renewable energy fund. The fund invests in both solar and onshore wind farms in Europe. The Solar and Wind sub-fund of the FLAVEO Infrastructure Europe SCS SICAV-FIS partnership is focusing exclusively on institutional investors.
German pension funds and insurance companies have already been secured as seed investors for the first closing in mid-September, immediately after the fund’s launch. The first wind portfolios have already been acquired at the beginning of October. The pipeline with exclusively secured renewable assets will be implemented by the end of 2015.
“Access to a quality pipeline is key in order to invest the investor’s capital as timely as possible,” says Kathrin Oechtering, managing partner at Luxcara. “Due to our long-standing relationships and extensive track record in the industry, we have secured a continuous access to such high-quality assets.”
As with the predecessor fund, FLAVEO Infrastructure Europe SCS SICAV-FIS - Solar and Wind will also be structured with subordinated partial bonds. In addition, investors will be offered securitisation options as well as direct investments.
Already in 2009 Luxcara has initiated the first Luxembourg based fund specialising on investments in renewable energy for institutional investors. The fund achieved an investment volume of EUR 80 million. The second renewable energy fund which followed in 2011, FLAVEO S.A., SICAV-FIS, currently manages an investment volume of approximately EUR 700 million. In 2012, Preqin rated Luxcara as one of the three most active infrastructure fund manager.
Luxcara currently manages EUR 2 billion in renewable assets and is considered one of the leading independent asset managers in this field.
About Luxcara
Luxcara is an independent asset manager specialising exclusively in renewable energy investments for institutional investors. The owner-managed company was founded in 2009 by the sole managing partners, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable energy portfolios for the long term.
Press contact:
Uwe Lill
GFD - Gesellschaft für Finanzkommunikation mbH
Tel: +49 69 97 12 47 13
e-mail: lill@gfd-finanzkommunikation.de