Frankfurt, 1st March 2021
Prime Capital AG, the independent asset manager and financial services provider that manages EUR 18.1 bn across different asset classes, proudly announces that it was awarded as winner in no less than three categories of the 12th edition of the annual global Infrastructure Investor Awards. It is the first time that Prime Capital has become a laureate of three of these prestigious awards, which is a testament to its activities in the renewable energy sector in recent years.
Infrastructure Investor, the leading global infrastructure investment think tank, received hundreds of submissions for their annual awards and awarded Prime Capital in the following categories:
• Renewables Investor of the Year, Europe: Prime Capital AG
• Renewables Deal of the Year, Global: Björnberget wind farm; Prime Capital AG and co-investor Enlight
• Renewables Deal of the Year, Europe: Björnberget wind farm; Prime Capital AG and co-investor Enlight
Prime Capital’s Renewables Investor of the Year award can be attributed – among others – to a successful fundraising for its first commingled infrastructure fund, the Prime Green Energy Infrastructure Fund (PGEIF). Launched in 2020, the fund’s focus lies on large scale wind-powered energy assets in the Nordics, where Prime Capital has invested in turbines with a total capacity of over 1 GW to date. Also of note to its investment activities was a milestone transaction in the European junior debt space, with an underlying solar portfolio of 579 MW and a volume of EUR 106 mn.
The Global and European Deal of the Year awards go to project Björnberget, PGEIF’s seed investment. This project is a 372 MW onshore wind park in Central Sweden and a co-investment with Enlight Renewable Energy (“Enlight”). It is one of the largest onshore wind parks to be constructed in Europe and was developed by RES, the world’s largest independent renewable energy company, focused on development, construction and operation of renewable assets. Prime Capital optimised the project with cutting-edge technology from Siemens Gamesa Renewable Energy and applied its value-add strategy of commercialising the asset, including the structuring of a power-purchase-agreement and debt financing through a consortia of banks. The project is expected to reach commercial operation at the beginning of 2023 and will produce approx. 1.1 TWh of clean electricity annually.
“We thank our clients and partners for their trust and recognition”, says Dr Mathias Bimberg, Head of Infrastructure at Prime Capital. “Björnberget is another blueprint transaction for Prime Capital’s value add strategy in renewable energy, which, coupled with the economies of scale achievable in the Nordics and the region’s excellent wind resources, enables us to achieve superior market returns compared to other renewable energy investments in Europe.”
“We are delighted that our achievements and efforts to invest in sustainable projects were honoured with the coveted Infrastructure Investor Award in no less than three categories”, adds Andreas Kalusche, CEO at Prime Capital. “We are striving to extend our activities in this segment in the future, as sustainable energy has gained immensely in importance in recent years. In Europe, and in particular in Scandinavia, we have become a sizeable and recognised player, as demonstrated by these awards.”
About Prime Capital:
Prime Capital AG is an independent asset management firm and financial services provider, owned by management and employees. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure, including Renewable Energies and Private Debt. Furthermore, the company offers Asset Management Outsourcing and Access Solutions. Prime Capital was founded in 2006, currently employs around 100 people in Frankfurt and Luxembourg and is regulated by BaFin and CSSF.
As of December 2020, Prime Capital has approximately EUR 18.1 bn Assets under Management, managed and administered.
For additional information, quotes or requests please contact:
Prime Capital AG
Andreas Kalusche, CEO
Questions regarding the content please contact Dr Mathias Bimberg
Tel: 0049 69 9686 984 308