COMMUNIQUÉ DE PRESSE
par Capcora GmbH
ENERPARC divests 193 MWp solar Photovoltaic portfolio in Australia
Issuer: Capcora GmbH / Key word(s): Disposal
ENERPARC divests 193 MWp solar Photovoltaic portfolio in Australia
30.03.2023 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Enerparc Australia Pty Ltd, part of ENERPARC Group, which is one of Europe’s leading utility-scale photovoltaic companies, divests 193 MWp of their Australian PV portfolio to Ingka Investments, the investment arm of Ingka Group. Capcora, a German consulting company, acted as M&A advisor for ENERPARC in the transaction.
The portfolio comprises three ground-mounted projects located in New South Wales, including two operational solar PV parks in Peak Hill and Trundle, near Parkes, in central-west New South Wales, with a cumulative capacity of 13.3 MWp, and a third utility-scale 180 MWp solar PV park currently under development which is expected to start producing electricity at the end of 2025. The total production of the three solar parks will be approximately 340 GWh per year, which is equivalent to the electricity consumption of roughly 65,000 Australian households.
ENERPARC has been active in Australia since 2017 with a dedicated team and an office in Sydney. The ENERPARC team is developing further projects in Australia, which are currently in different stages of maturity. Along with establishing its global IPP portfolio, the sale of projects in this country is gaining significant importance.
The divested asset portfolio includes ENERPARC’s first operational projects in Australia, and the largest development of the local team to date at approx. 180 MWp. This sale is part of the growing number of large-scale projects in the country, where the cumulative installed capacity of solar increased by 20% in 2022 alone. With installations in 2022 already surpassing 5 GWp, Australia's all-time tally of installed solar capacity now stands at 31.4 GWp.
"We are proud to have sold this solar PV portfolio in Australia to an ambitious and reputable investor, marking a significant achievement for ENERPARC. This sale is a testament to the hard work of our dedicated team and the quality of our projects, and we are excited to see the positive impact of this partnership on the country's transition to renewable energy. We remain committed to delivering innovative and sustainable energy solutions in Australia and look forward to advancing further projects of our pipeline in the near future", said Benjamin Hannig, Managing Director of Enerparc Australia.
“We are delighted to be announcing this important initiative to enable renewable electricity consumption in Australia, and to partner up once again with ENERPARC in this next step in accelerating our energy production in the Asia and Pacific region. With our own solar parks [and wind farms], we want to make renewable energy available throughout the IKEA value chain and beyond.” says Peter van der Poel, Managing Director, Ingka Investments.
"We are thrilled to once more have worked together with the team at ENERPARC. This sale represents an important milestone for both ENERPARC and their activities in Australia, and we are excited to extend our assistance to ENERPARC in their upcoming M&A transactions in this market." adds, Jochen Magerfleisch, Managing Partner at Capcora.
ENERPARC was advised by Osborne Clarke as legal advisor and UL as technical advisor while Capcora acted as sell-side M&A advisor.
About ENERPARC
Enerparc Australia Pty Ltd is part of ENERPARC Group and has its office in Sydney, Australia. Headquartered in Hamburg, ENERPARC is a leading utility-scale photovoltaic company that covers the entire value chain. The services range from development over design, procurement and construction to operations and maintenance as well as asset management and energy trading. Founded in 2008, ENERPARC has become a global player with 400+ experienced employees and licensed partners in Spain, France, India, and Australia. ENERPARC has successfully commissioned projects with an overall capacity of 4,100 MW and is operating 3,000 MW.
www.enerparc.com
About Ingka Group
With IKEA retail operations on 32 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. Ingka Group employs more than 170,000 co-workers and reported IKEA Retail sales of EUR 37.4 billion at the end of financial year 2021. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.
www.Ingka.com
About Capcora
Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.
www.capcora.com
Press contact ENERPARC for Australia:
Benjamin Hannig
Managing Director Enerparc Australia
Phone: +61 2 8311 1338
E-Mail: b.hannig@enerparc.com
Press contact ENERPARC for Europe:
Katharina Schmalz
Head of Marketing & Communications
E-Mail: k.schmalz@enerparc.com
Press contact Ingka Group:
Media Relations
Phone: +46 70 993 6376
E-Mail: press.office@ingka.com
Press contact Capcora GmbH:
Jochen Magerfleisch
Managing Partner
Phone: +49 69 348 710 113
E-Mail: jm@capcora.com
The portfolio comprises three ground-mounted projects located in New South Wales, including two operational solar PV parks in Peak Hill and Trundle, near Parkes, in central-west New South Wales, with a cumulative capacity of 13.3 MWp, and a third utility-scale 180 MWp solar PV park currently under development which is expected to start producing electricity at the end of 2025. The total production of the three solar parks will be approximately 340 GWh per year, which is equivalent to the electricity consumption of roughly 65,000 Australian households.
ENERPARC has been active in Australia since 2017 with a dedicated team and an office in Sydney. The ENERPARC team is developing further projects in Australia, which are currently in different stages of maturity. Along with establishing its global IPP portfolio, the sale of projects in this country is gaining significant importance.
The divested asset portfolio includes ENERPARC’s first operational projects in Australia, and the largest development of the local team to date at approx. 180 MWp. This sale is part of the growing number of large-scale projects in the country, where the cumulative installed capacity of solar increased by 20% in 2022 alone. With installations in 2022 already surpassing 5 GWp, Australia's all-time tally of installed solar capacity now stands at 31.4 GWp.
"We are proud to have sold this solar PV portfolio in Australia to an ambitious and reputable investor, marking a significant achievement for ENERPARC. This sale is a testament to the hard work of our dedicated team and the quality of our projects, and we are excited to see the positive impact of this partnership on the country's transition to renewable energy. We remain committed to delivering innovative and sustainable energy solutions in Australia and look forward to advancing further projects of our pipeline in the near future", said Benjamin Hannig, Managing Director of Enerparc Australia.
“We are delighted to be announcing this important initiative to enable renewable electricity consumption in Australia, and to partner up once again with ENERPARC in this next step in accelerating our energy production in the Asia and Pacific region. With our own solar parks [and wind farms], we want to make renewable energy available throughout the IKEA value chain and beyond.” says Peter van der Poel, Managing Director, Ingka Investments.
"We are thrilled to once more have worked together with the team at ENERPARC. This sale represents an important milestone for both ENERPARC and their activities in Australia, and we are excited to extend our assistance to ENERPARC in their upcoming M&A transactions in this market." adds, Jochen Magerfleisch, Managing Partner at Capcora.
ENERPARC was advised by Osborne Clarke as legal advisor and UL as technical advisor while Capcora acted as sell-side M&A advisor.
About ENERPARC
Enerparc Australia Pty Ltd is part of ENERPARC Group and has its office in Sydney, Australia. Headquartered in Hamburg, ENERPARC is a leading utility-scale photovoltaic company that covers the entire value chain. The services range from development over design, procurement and construction to operations and maintenance as well as asset management and energy trading. Founded in 2008, ENERPARC has become a global player with 400+ experienced employees and licensed partners in Spain, France, India, and Australia. ENERPARC has successfully commissioned projects with an overall capacity of 4,100 MW and is operating 3,000 MW.
www.enerparc.com
About Ingka Group
With IKEA retail operations on 32 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. Ingka Group employs more than 170,000 co-workers and reported IKEA Retail sales of EUR 37.4 billion at the end of financial year 2021. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.
www.Ingka.com
About Capcora
Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.
www.capcora.com
Press contact ENERPARC for Australia:
Benjamin Hannig
Managing Director Enerparc Australia
Phone: +61 2 8311 1338
E-Mail: b.hannig@enerparc.com
Press contact ENERPARC for Europe:
Katharina Schmalz
Head of Marketing & Communications
E-Mail: k.schmalz@enerparc.com
Press contact Ingka Group:
Media Relations
Phone: +46 70 993 6376
E-Mail: press.office@ingka.com
Press contact Capcora GmbH:
Jochen Magerfleisch
Managing Partner
Phone: +49 69 348 710 113
E-Mail: jm@capcora.com
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