A huge step for renewable energy in the Netherlands

18.03.2021

Windpark Krammer: REM Capital advises transaction process

New partner for the “Windpark Krammer”: The independent French renewable energy producer “Kallista Energy” acquires 40% of the capital of “Windpark Krammer” in the Netherlands. “REM CAPITAL” acted as the transaction advisor for the seller “Enercon”. Windpark Krammer is considered to be state of the art and very progressive in the way how it was developed. The winners are also the two local cooperatives who own 60% of the share together. They will find in Kallista, who is backed by Dutch Pension Funds, a strategic partner with top tier knowledge and great experience on operating wind farms.

Windpark Krammer is an onshore wind farm of 102 MW located in the province of Zeeland, around 30 km South-West of Rotterdam. It consists of 34 Enercon E-115 wind turbines (3 MW capacity and 122 metres hub height), built along the ‘Philipsdam’ dikes bordering lake Krammer. It was commissioned in March 2019. The project was initiated by residents who, after having contributed to its development and construction, manage the wind farm through the cooperatives they have created. 60% of the wind farm is owned by two cooperatives, Deltawind and Zeeuwind (DZH), which regroup around 5,000 members. Kallista Energy, backed by funds advised by Ardian on behalf of APG and AXA, its institutional shareholders, acquires the shares that were held by Enercon (EIPP GmbH).

Around 365 GWh of renewable electricity are produced each year by Windpark Krammer. The wind turbines will avoid the emission of more than 4 million tonnes of CO2e during their lifetime.

German finance consultancy REM Capital AG was in charge of the M&A advisory for this transaction. The company is specialized in the structuring and development of financing and subsidies. REM CAPITAL supports the implementation of investment and innovation projects and the optimization of their financing structures.  The REM CAPITAL team in this case was lead by Casper Sikkema and Stephan Weissinger.

“This project is a great success for all participants – and especially for the environment”, said Jan Bewarder, executive board member of REM CAPITAL. “With our interdisciplinary teams of financing specialists and engineers, REM CAPITAL is able to combine fields of expertise from the areas of financing and technology in a unique way and thus competently accompany demanding investment and funding projects and create added value. I would like to thank everyone involved for the great cooperation.”

Frédéric Roche, President of Kallista Energy, said: “Windpark Krammer illustrates perfectly how enterprising spirit combined with expert wind technology can enable thousands of inhabitants to act for energy transition in their region. The long-term commitment of Kallista Energy and of its institutional shareholders is perfectly aligned with the vision of the other partners in this project”.

Bram van Noort, Country manager Dutch Branch at ENERCON said: “In Kallista we find a trustful and pragmatic partner with whom we are glad to continue to collaborate both as service provider for WindPark Krammer and as supplier and project partner for other onshore projects in the Netherlands and in other markets of our new sales region. We are looking forward to realize additional landmark projects and prototype sites and continue to drive forward the energy transition in Europe together”.

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