DIF Capital Partners (“DIF”) and Enercon GmbH (“ENERCON”) are pleased to announce that DIF, through its DIF Infrastructure Fund VI, has acquired 100% of the ownership of the 117MW Peralta I/II onshore wind projects in Uruguay.

The project, comprising 50 ENERCON E-92 2.35MW turbines, has been operational since October 2015 and benefits from a 20-year 100MW power purchase agreement with UTE, Uruguay’s state-owned utility. The project will continue to be maintained by ENERCON under a long-term agreement and asset management services will continue to be delivered by SEG-Heliotec. Following the acquisition of the 50MW Cerro Grande project in 2019, this is the second Uruguayan ENERCON project that DIF has acquired.

Christopher Mansfield, Partner and Head of Renewable Energy, said: “We are very pleased to have acquired our second renewable energy project in South America, which is the result of our strong relationship with ENERCON. We believe this investment is attractive for DIF’s investors due to the long-term project agreements that provide a high degree of predictability of future cash flows.”

DIF has been advised by Voltiq (transaction), Hughes & Hughes and Gómez-Acebo & Pombo (legal), DNV (technical) and Mazars (financial and tax & accounting). ENERCON was advised by FICUS Advisory.

About DIF Capital Partners

DIF Capital Partners is a leading global independent fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

• Traditional DIF funds, of which DIF Infrastructure Fund VI is the latest vintage, target equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.
• DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors.

DIF Capital Partners has a team of over 160 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. For further information please visit www.dif.eu.

Contact: Allard Ruijs, Partner; a.ruijs@dif.eu.

DIF Capital Partners, through its DIF Infrastructure Yield I fund (“DIF Yield”), is pleased to announce the sale of a renewable energy portfolio, totalling 180MW, to Kallista Energy, a French independent producer of renewable energy.

The sold portfolio comprises 15 wind and solar parks, of which five operational wind parks and three solar parks (total of 90.2 MW) are located in France and seven operational wind parks in Germany (89.5 MW).

Christopher Mansfield, Head of Renewable Energy, said: “This transaction represents a good result for DIF Yield and we believe that Kallista Energy is well placed to further optimise the residual value of this renewable energy portfolio. DIF Capital Partners will continue to manage the West European PPP/PFI and operational solar PV portfolios that remain in DIF Yield.”

DIF Capital Partners was advised by Augusta & Co (transactional) and Watson Farley & Williams (Legal).

About DIF Capital Partners

DIF Capital Partners is a leading global independent fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

• Traditional DIF funds, of which DIF Infrastructure Fund VI is the latest vintage, target equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.
• DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors.

DIF Capital Partners has a team of over 160 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. For further information please visit www.dif.eu.

Contact: Allard Ruijs, Partner; a.ruijs@dif.eu.

DIF Capital Partners (“DIF”) and OX2 AB (“OX2”) are pleased to announce that DIF, through DIF Infrastructure Fund VI, will acquire 100% of two onshore wind projects in the Podlaskie and Łódź regions of Poland, with a total capacity of 63 MW. As the projects are ready to build, DIF will invest through the construction of the projects.

The wind projects, which will be equipped with Vestas V126 turbines, have been developed and will be constructed under a tailored EPC contract by OX2. Construction commenced upon closing of the transaction and the projects are expected to become operational by end of 2022. Once commissioned, OX2 will be responsible for the technical and commercial management of the projects, which benefit from contracts-for-difference with the Polish state, providing fixed price tariffs for the power offtake for a period of 15 years.

The total production is estimated to be c. 200 GWh per year, which is the equivalent to the annual power consumption of around 50,000 households; thereby avoiding around c. 70,000 tonnes of CO₂ emissions per year from fossil fuels. The projects will support Poland’s energy transition by expanding the country’s renewable energy capacity and reducing dependency on power production from fossil fuels.

Christopher Mansfield, Partner at DIF Capital Partners, said: “DIF is delighted to enter the Polish renewables market through this new partnership with OX2 and to support Poland’s ongoing energy transition. The projects fit well within the investment strategy of DIF Infrastructure Fund VI and adds to the track record of DIF-managed funds, which have invested in c. 2.3GW of wind and solar power projects in Europe, North and South America and Australia.

Paul Stormoen, CEO, OX2, said: “I am very happy to welcome DIF Capital Partners as a new partner with its extensive experience from long-term investments in renewable energy projects. Our partnership is a significant step in OX2’s ongoing expansion in Poland. It more than quadruples the amount of green energy that will be produced from the wind farms in Poland built by OX2.”

DIF was advised by PWC (financial), Allen & Overy (legal) and DNV (technical). OX2 was advised by DNB Markets (financial) and DLA Piper (legal).

About DIF Capital Partners

DIF Capital Partners is a leading global independent fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

• Traditional DIF funds, of which DIF Infrastructure Fund VI is the latest vintage, target equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.
• DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors.

DIF Capital Partners has a team of over 160 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. For further information please visit www.dif.eu

About OX2

OX2 develops, builds and manages renewable power generation. OX2 has taken a leading position in large-scale onshore wind power over the past 15 years, having developed and constructed more than 2.4 GW of wind power in Europe. OX2 currently has contracted asset management services for 44 wind farms 2.25 GW). OX2’s mission is to lead the ongoing energy transition and promote a more sustainable future. OX2 has operations in Sweden, Norway, Finland, Poland, Lithuania and France. Its head office is in Stockholm, Sweden. Sales revenue in 2020 amounted to €510 million. For more information, please visit: http://www.ox2.com.

For further questions, please contact:

DIF Capital Partners
Allard Ruijs, Partner
a.ruijs@dif.eu

OX2 Poland
Katarzyna Suchcicka
Country Manager
katarzyna.suchcicka@ox2.com
Mobile: +48 507 701 903

OX2 Group
Head of Communications
Mikael Östlund
mikael.ostlund@ox2.com
Phone: +46 709 100 159

Aibel has again been awarded an offshore wind contract by the SSE Renewables and Equinor consortium, developing the world’s largest offshore wind farm in the Dogger Bank area in the UK part of the North Sea.

Aibel is to provide the converter platform for the power transmission from the offshore wind farm to the shore. This in connection with the construction of the third phase of the Dogger Bank wind farm, Dogger Bank C. In 2019, Aibel was awarded a contract for two transformation platforms for the first phases of the project, Dogger Bank A and Dogger Bank B.

The offshore wind farm in the Dogger Bank area will have a combined capacity of 3.6 GW, making Dogger Bank the largest offshore wind farm in the world, and are expected to produce enough energy to power the equivalent of 6 million UK homes.

In May 2019, Aibel was awarded a similar contract (DolWin5) for the connection of the offshore wind farm Borkum Riffgrund 3, with the German network operator TenneT as customer. Renewable energy projects form an increasing part of Aibel’s project portfolio.

“With this contract, we once again confirm our position as a preferred supplier in the European offshore wind segment and strengthen our role in the ongoing energy industry transformation,” says Aibel’s President and CEO, Mads Andersen.

“It is gratifying to note how well Aibel has succeeded in positioning itself as a preferred supplier in offshore wind segment and gradually increases its exposure to renewable energy,” says Christian Johansson Gebauer, Head of Business Area Construction & Services at Ratos.

Dogger Bank A will be put into operation in 2023, while Dogger Bank B is planned for 2024 and Dogger Bank C in 2025.

Read more about the project here: www.doggerbank.com

For further information:
Helene Gustafsson, Head of IR and Press
Phone: +46 70 868 40 50
helene.gustafsson@ratos.com

Christian Johansson Gebauer, Head of Construction & Services
Phone: +46 8 700 17 00

About Ratos:
Ratos is a business group consisting of 11 companies divided into three business areas: Construction & Services, Consumer & Technology and Industry. In total, the companies have SEK 33 billion in sales and EBITA of SEK 2 billion. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

Vow and Betula Energy have entered into an agreement whereby Vow will supply technology and equipment to produce biocarbon to a new plant that Betula Energy will establish in Bamble, a municipality in South-East Norway. At this location, Betula Energy, which is the new name of former entity BioGren AS, will establish bioenergy and biocarbon production from forest wood mass in the form of pellets, biocarbon and bio-oils.

The funds will be used to scale the production of E-magy’s proprietary nano-porous silicon and to accelerate qualification programs with electric vehicle (EV) and battery manufacturers. E-magy will expand the team and prepare for the construction of a new facility in the Netherlands with production planned for 2023. The use of E-magy’s specialty silicon in EV battery anodes increases energy density of battery cells by 40%, enabling longer-range EVs and lower-cost compact cars.

Dutch battery tech scale-up E-magy has secured an additional € 5 million of funding. SHIFT Invest, an impact venture capital fund that invests in circular technologies, smart food & ag-tech, bio-based innovations and smart materials, has led the funding round with participation of existing investors including PDENH. The Dutch Ministry of Economic Affairs and Climate Policy has committed an innovation credit to accelerate the development of E-magy’s unique technology.

The fresh capital injection enables E-magy to increase production at its fully operational pilot production line for nano-porous silicon and accelerate qualification programs with automakers and battery manufacturers. The company will also use the funds to expand the team and make preparations for a new facility in the Netherlands which will boost annual capacity to thousands of tons per year. E-magy plans to start production at the new facility in 2023.

Casper Peeters, co-founder and CEO: “The additional funding comes at an exciting time when we are scaling up production capacity of our proprietary nano-porous silicon and are advancing with automakers and battery manufacturers to improve battery cell performance. Nano-porous silicon is the solution to the urgent need for high-energy batteries, enabling affordable and efficient electric vehicles for everybody. E-magy is set to power millions of electric vehicles.”

Bram Ledeboer, partner at SHIFT Invest: “We are pleased to support the E-magy team to become a leading supplier to the EV battery industry. Innovation plays a crucial role in rebalancing the world we live in and E-magy is well positioned to create significant impact by boosting the performance of batteries at lower costs.”

The technology

E-magy processes silicon in a unique, cost-effective and scalable way to make ‘nano-sponge’ particles which form the basis of non-swelling, high-capacity silicon anodes of lithium-ion batteries. E-magy’s nano-porous silicon improves the energy density and shortens the charge time of batteries allowing for an extended range at lower costs and leading to more compact models than today’s high-end vehicles. Silicon is abundantly available and environmentally benign.

The opportunity

As almost all global automakers focus on the production of new series of all-electric and plug-in EVs, the demand for batteries is rising exponentially. E-magy offers a highly scalable, next generation battery material that can provide automakers with a clear competitive edge. Moreover, E-magy’s technology platform allows for use in various other devices such as e-bikes and scooters, drones, computers and handheld devices, medical devices and electric energy storage systems for balancing of (renewable) energy supply and demand.

About E-magy
E-magy (www.e-magy.com) designs and manufactures nano-porous silicon material for advanced lithium-ion batteries. E-magy works with partners throughout the global automotive supply chain. The people behind E-magy have 20+ years of silicon crystallisation experience and are based in Broek op Langedijk, The Netherlands. E-magy empowers tomorrow’s batteries today.