GreenCap Partners is pleased to have acted as exclusive financial advisor to Octopus Energy Group’s first renewable generation deal in Germany. The deal will enable Octopus Energy Generation’s fund management team to build ‘Gaishecke’, a 35 MW onshore wind farm in Hessen, near Frankfurt. Construction will kick off in the next few weeks and it will become operational by the end of 2023.

Once built, the ten wind turbines made by Vestas will generate almost 100,000 MWh and benefit from Germany’s EEG 2021 feed-in tariff for a fixed 20 years period. Octopus bought the rights for the construction of the wind farm from a consortium of sellers, LindenProjekt GmbH, FH Beteiligungs GmbH and ISB GmbH.

Sam Goss, Head of Investments at Octopus Renewables Limited says “We would like to thank GreenCap Partners for their ongoing commitment and professionalism throughout this transaction and we are looking forward to completing further deals together. GreenCap’s dedicated sector expertise and valuable advice contributed to a great result for our shareholders.”

Philipp Hirche, Founder and Partner at GreenCap Partners, commented: “We are delighted to have advised Octopus on this critical transaction, the result of a complex process which underlines our dedication and capabilities in the German market, which is one of our core markets.”

With this transaction, we continue to strengthen our position as a boutique financial adviser in the renewable energy industry. Our pan-European expertise allows us to prove our M&A proficiency to more opportunities in this highly dynamic market.”