Enery Development GmbH (“Enery” or the “Company”), a Vienna-based renewable energy company which recently received a substantial equity investment from the Three Seas Initiative Fund (“3SIIF”), has completed the acquisition of the Energy 21 solar PV portfolio (“Energy 21” or the “Portfolio”) owned by funds managed by CEE Equity Partners Ltd (the “Seller”).

Energy 21 is the third largest operational solar PV portfolio in the Czech Republic and consists of 36 solar PV power plants with a total installed capacity of 71 MW. With this acquisition, Enery has now 45 solar PV power plants in operation under its ownership and becomes one of the leading renewable energy operators in Central and Eastern Europe (“CEE”).

The majority of the Portfolio is located in the Moravia and Bohemia regions benefiting from the most favourable solar irradiation in the country. The Portfolio will be merged with Enery’s existing six solar PV power plants in the Czech Republic which have a total capacity of 21 MW.

The acquisition of Energy 21 is a milestone transaction for Enery and continues the Company’s successful track record of renewable investments in the CEE region.

Richard König, CEO and Lukas Nemec, COO of Enery commented: „We are pleased that we could complete this transaction during a period of regulatory uncertainty in the Czech renewables market. In the next decade, the Czech power generation market will undergo a process of radical decarbonisation and will shift towards green and sustainable electricity production with solar PV representing the leading technology for this transition. We look forward to contributing to this transformation by producing green power, creating sustainable jobs, and working with the local communities to increase the positive impact of this energy transition. We would like to thank CEE Equity Partners for their trust and professional work and the Energy 21 team for their cooperative approach during the transaction. The transaction underpins our desire to continue growing our renewables portfolio via greenfield development and brownfield expansion.”

About Enery

Enery is a young, operations-led renewable energy company founded by Richard König, Lukas Nemec and RP Global. Its focus is to invest in operating and greenfield solar assets and other renewable power facilities in CEE and Austria. 3SIIF is  Enery’s new anchor shareholder next to the founding shareholders and is supporting the expansion of Enery’s renewable asset portfolio.

The Three Seas Initiative Investment Fund

3SIIF is a dedicated commercial fund targeting infrastructure investments in the CEE region. 3SIIF invests in energy, transport and digital infrastructure in European Union (‘EU’) CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU. The Fund’s investments to date comprise of Enery; Cargounit a locomotive leasing business in Poland; and, Greenergy, a data centre platform in Estonia. The Three Seas region is comprised of 12 EU CEE member states which border the Baltic, Adriatic and Black Seas.

Amber Infrastructure Group is the exclusive investment adviser to 3SIIF and is responsible for origination, asset management and capital raising services.

RP Global

RP Global is a Vienna/Madrid-based independent power producer with more than 35 years of experience in renewable energies. As a developer, investor and operator, the company’s focus is on hydro, wind and solar PV projects in Europe, Africa and South America. Currently, RP Global is actively developing a pipeline of around 9 GW.

About CEE Equity Partners

CEE Equity Partners Ltd is the investment advisor for two China-CEE Funds with committed capital in excess of $1.2 billion.