DWS Expands European Infrastructure Portfolio with Acquisition of Solar PV Plants in Spain

DWS Expands European Infrastructure Portfolio with Acquisition of Solar PV Plants in Spain

(IN BRIEF) DWS, a prominent asset manager, has finalized an agreement with global renewable energy developer X-ELIO to acquire three solar photovoltaic (PV) plants in Spain as part of its European infrastructure investment strategy. With a combined capacity of 147 MW, these plants, situated in Medina de las Torres, Badajoz, commenced operations in mid-2023 and are projected to supply renewable energy equivalent to the needs of approximately 91,800 households annually. This acquisition aligns with DWS’s commitment to support the energy transition in Europe, following their recent investment in Germany’s Energiepark Lausitz. X-ELIO, maintaining its focus on Spain, retains a significant pipeline of renewable projects in various stages of development across the country. The partnership underscores DWS’s dedication to enabling European transformation projects and reflects X-ELIO’s commitment to fostering sustainable assets to drive the renewable transition in Spain and the wider EU.

(PRESS RELEASE) FRANKFURT, 9-Apr-2024 — /EuropaWire/ — DWS, a leading asset manager, has reached an agreement with global renewable energy developer X-ELIO to acquire three solar PV plants in Spain on behalf of its European infrastructure investment strategy. This marks additional investments for DWS’s European investment strategy, which allows German retail and institutional investors to invest directly into infrastructure projects.

The three projects, located in the municipality of Medina de las Torres, Badajoz, started operations mid-2023 which have a total capacity of 147 MW. The three plants will generate an average estimated supply of renewable energy to the equivalent of 91,800 households per year.

These acquisitions follow DWS’s recent investment in Energiepark Lausitz, one of the largest open-space solar plants in Germany, further contributing to DWS’s commitment to backing energy transition across Europe.

X-ELIO remains committed to its origin key market with a remaining portfolio of 14 GW of pipeline in different stages of advancement and diversified among different regions in the Spanish market.

Peter Brodehser, Partner Investments Infrastructure at DWS, said: “We are very pleased with three further investments for our European infrastructure strategy for German investors. Investments both from institutional and from retail clients are needed to drive change and enable European transformation projects, particularly in the energy sector. Investors in our strategy can participate in infrastructure projects, supporting Europe’s energy transition ambitions as well as receiving a return on their investment. It is a pleasure for us to be able to walk part of this path together with the team at X-ELIO.”

Nicholas Pentreath, Chief Financial Officer of X-ELIO, stated: ”We take pride in developing high quality sustainable assets and the acknowledgment of international first-in-class partners such as DWS. We are witnessing the enormous potential of Spain to lead the renewable transition in the EU, this being one of our key strategic markets. At X-ELIO we combine the natural wealth of the territory with our striving performance to support this reachable leading role towards a carbon neutral economy.”

About DWS – Private Infrastructure

DWS has been investing in infrastructure since 1994 with one of the longest track-records in the industry. As part of the Alternatives platform, the private infrastructure business provides client solutions covering private equity infrastructure and debt and currently manages €15 billion on behalf of its investors (as of 31 December 2023). Our global platform gives investors access to economic and service sectors critical to the basic functioning of local and global economies, including transformative investments in decarbonisation as well as digitalisation, and supporting demographic shifts. DWS employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, private banks, and retirement plans worldwide.

About X-ELIO

X-ELIO, a Brookfield-owned company, specialized in the development, construction, financing, and operation of renewable energy projects with a global presence in Spain, Italy, the United States, Latin America, the Middle East, Japan, and Australia. With more than 19 years of experience and 2.8 GW built, this world-leading company is strongly committed to sustainability, the reduction of greenhouse gasses, and the fight against climate change.

For more information, please visit our website at www.X-ELIO.com, our LinkedIn profile at https://www.linkedin.com/company/x-elio, or our Twitter profile at https://twitter.com/X_Elio.

Media Contact:

DWS
Nick Bone
+44 (0) 20 754 72603
nick.bone@dws.com

Klaus Thoma
+49 (0) 69 910 33405
klaus.thoma@dws.com

X-ELIO
Isabel Ruiz
+34 696 37 32 29
press@x-elio.com

Javier Garzón
+34 680 69 20 07
javier.garzonm@x-elio.com

SOURCE: DWS