GreenCap Partners is delighted to have acted as exclusive financial adviser to the owners of DunoAir, the onshore wind developer based in Trier, Germany, on the sale of their 100% stake to Qualitas Energy, a leading fund manager focused on renewable energy, energy transition and sustainable infrastructure headquartered in Spain.

DunoAir has been active in the development, operation and sale of onshore wind parks since 2004. Its activities stretch across five states in the western part of Germany with a significant development pipeline. Over the years, DunoAir has developed over 200 MW in onshore wind parks.

Arjen Ploeg, CEO and owner of DunoAir, said: “We are very pleased with the outcome of the transaction with Qualitas Energy. We are looking forward to working closely with our transaction partners to ensure a smooth handover of the business in the coming months. I also want to thank GreenCap that managed a lengthy and complex process, and offered a highly professional service throughout. We are grateful for the quality of their advice and support during this transaction.”

Philipp Hirche, Partner at GreenCap, commented: “This transaction highlights the unique attractiveness of Germany for investors, being Europe’s largest renewable energy market. Throughout the highly competitive sales process, we witnessed wide-ranging interest from both international and domestic investors for this well-established onshore wind development platform.

Germany continues to be one of GreenCap’s core growth markets for our advisory business and look forward to cater for future opportunities across both wind and solar.”