Munich - 4 April 2017 - Goodyields Capital once again successfully supported the SZ Kapitalanlagetag 2017 on 3 and 4 April 2017 at the Hotel Vier Jahreszeiten in Munich. The event was held under the motto (as last year) “Changing paradigms in Asset Management – Investment policy in the current low interest phase”. 111 high profile participants discussed under the moderation of Andrea Rexer and Herbert Fromme on the current challenges and perspectives of the capital market.
Goodyields Capital was able to show the benefits of its specialized renewable energy investment strategy. With a conservative investment strategy tailored for institutional investors and the value creation of a specialized Asset Manager, we can generate attractive returns even in highly competitive markets.
The large, growing market for renewable energy offers a variety of investment opportunities. This growth is driven in particular by the technological developments. Managing Partner Ralph P. Seraphim impressively showed this in his presentation “Renewable Energies – Optimizing returns in a competitive environment” with a simple comparison: The rotor diameter of the largest current wind turbine is almost twice as large as the wingspan of an Airbus A380.
Mr Seraphim was very content about the results of the event: “In total, the day showed us that in the light of low interest rates, investors are increasingly moving towards alternative investment opportunities, such as the attractive sector of renewable energies. But also here it is important that optimum results can only be generated with the right strategy, structure and implementation. Those who choose to follow the beaten path only will not achieve a risk adequate return. With the right partner, “goodyields” are possible in any market scenario!”
The presentation of Goodyields Capital (in German) is available at your request under email@example.com.
Photos: Anna McMaster
Goodyields Capital and Access Capital Partners together acquire a 21.6 MW operating wind park in a first of its kind transaction in Finland
Munich, Paris, Helsinki ‐ 02.10.2015 – GCG Renewable Energy Infrastructure Fund GmbH & Co. KG (“REIF I”), a fund advised by Munich-based Goodyields Capital GmbH, and Otso Infrastructure I Ky (“Otso”), a fund advised by Access Capital Partners, have acquired an operating wind park in Finland of 21.6 MW from Taaleritehdas Plc, one of the biggest wind power developers and operators in Finland. The transaction is the first of its kind in Finland.
The acquired wind park, consisting of 9 wind turbines, is in operation since September 2013 and was sold by Taaleritehdas Group under an exclusive sales process to the consortium advised by Goodyields Capital and Access Capital Partners.
Ralph Seraphim, Co-Founder and Managing Partner of Goodyields Capital says: “The acquisition is the second wind transaction in the Nordic market for REIF I, further diversifying the REIF I portfolio. The Goodyields led transaction is bringing together excellent parties with a strong interest in renewable energy infrastructure in Finland and paving the way for future wind energy transaction of Goodyields’ renewable energy infrastructure fund family in Finland and beyond.”
Aymeric Paul, Partner Infrastructure of Access Capital Partners stated: “We see Finland as an attractive market for private investments in infrastructure. The Finnish renewable energy market in particular benefits from sound dynamics with a progressive ramp-up of investment opportunities. With 2 years of operations, an attractive load factor and a good equity partner this investment combines several of the key features we are consistently targeting in the renewable energy space.”
The parties have agreed not to disclose the selling price. T3-Voima Oy, which is part of Taaleritehdas Group, will continue to operate the wind park on behalf of the new owners as technical and commercial manager. “We are looking forward to the partnership with T3-Voima Oyand are excited to have a dedicated and experienced partner in them driving park optimization and providing excellent relationship management,” adds Christian Auer, COO of Goodyields Capital. Goodyields will act as asset manager on behalf of both co-investors Otso and REIF I.
For more information, please contact: Ralph P. Seraphim, Managing Partner of Goodyields Capital, firstname.lastname@example.org, +49 89 244 14 9710.
About Goodyields Capital – Goodyields Capital is an independent, highly specialised, Munich-based fund manager entirely focusing on investing in renewable energy infrastructure assets. The firm successfully advises the Renewable Energy Infrastructure Fund family (“REIF I and II”) with a European mandate and the mission to deliver predictable, stable returns for institutional investors. REIF I delivered earnings yield as of the year of its final close and is now fully invested. REIF II is nearing the first close which is expected by the end of 2015. Goodyields Capital has since its inception advised transactions with a total volume of EUR 500 Million and is an established player in the energy infrastructure sector with a team comprising more than 80 years of combined professional energy infrastructure financing and operational leadership experience. For more information, please see: www.goodyields.com.
About Access Capital Partners – Access Capital Partners is an independent European fund manager, active in European private equity, infrastructure and private debt, with offices in five European countries and assets under management of €6.1 billion from a diversified base of international institutional investors. The firm’s products and services encompass direct co-investments as well as primary fund investments and secondary transactions. For more information, please see: www.access-capital-partners.com.
About Taaleritehdas – Taaleritehdas offers wealth management and financing services to institutional investors, companies and private individuals. Taaleritehdas Group consists of the parent company Taaleritehdas Plc and four operational subsidiaries: Garantia Insurance Company Ltd, Taaleritehdas Wealth Management Ltd and its subsidiaries, Taaleritehdas Private Equity Funds Group and Taaleritehdas’ investment company Taaleritehdas Investment Factory Ltd. The Group employs over 180 people with offices located in Helsinki, Tampere, Turku, Pori, Oulu, Istanbul and Nairobi. On 30 June 2015, Taaleritehdas had assets under management of EUR 3.9 billion and 3,000 wealth management clients. The entire Group’s base of direct and indirect customers totals 27,900 customer accounts. For more information, please see: www.taaleritehdas.fi/EN.
REIF I acquires 23 MW solar asset from Solairedirect, increasing the diversification of its pan-European portfolio.
Munich, Germany and Paris, France ‐ 31.03.2015 – GCG Renewable Energy Infrastructure Fund GmbH & Co. KG (“REIF I”), a fund advised by Munich-based Goodyields Capital GmbH, has acquired 2 solar park assets with combined 23 MWp from Solairedirect, one of the largest French renewable energy companies.
“The acquisition is our second transaction in France and the solar parks acquired are attractive and core renewable energy infrastructure assets, providing long‐term cash flow visibility and do ideally complement the existing portfolio by increasing the diversification of REIF I. The transaction has been developed from Goodyields Capital’s excellent industry partner network and has built the foundation for repeated business with Solairedirect on the back of their strong pipeline,” says Ralph P. Seraphim, Managing Partner of Goodyields Capital. “We are especially pleased to have an excellent and experienced partner in Solairedirect. They are a first‐class operator and we look forward to a long‐term partnership with them,” adds Christian Auer, COO of Goodyields Capital.
REIF worked on this transaction with King & Wood Mallesons (Paris) for legal matters and Evergy Engineering GmbH (Munich) as technical advisor with deep knowledge of the acquired assets from parallel engagements. Both service providers have significantly contributed to a quick and smooth execution of the transaction process. Goodyields Capital’s Renewable Energy Infrastructure Fund’s portfolio now comprises five projects with a total of 22 assets across three core European countries, including wind farms in France and Sweden as well as PV assets in northern Italy and France.
For more information, please contact: Ralph Seraphim, Managing Partner of Goodyields Capital, email@example.com, +49 89 244 14 9710.
REIF I secures debt financing from German pension fund for pan-European portfolio of renewable energy assets.
Munich, November 10, 2014 - GCG Renewable Energy Infrastructure Fund GmbH & Co. KG (“REIF”), a fund advised by Munich-based Goodyields Capital GmbH, has closed a non-recourse debt financing for the fund’s portfolio of onshore wind and solar PV assets located in France, Italy and Sweden. The financing was secured from a German pension fund and was structured to best serve the interests of REIF’s institutional investors.
"We are very pleased with the terms and conditions of the financing as well as the speed and professionalism of our counterparty. Many features of the loan, such as tenor, repayment structure or collateralization were structured such that the main goals of our institutional investors could be met - early returns from the investments and stable cash flow over the fund’s life time”, says Ralph Seraphim, Managing Partner of Goodyields Capital. “Despite the intentionally moderate leverage of the project portfolio of below 50%, we are confident to achieve a net return of 7% IRR p.a. for REIF’s investors, perfectly in line with our targets”, adds Christian Auer, COO of Goodyields Capital.
Goodyields Capital’s Renewable Energy Infrastructure Fund’s portfolio is comprised of four projects with a total of 20 assets across three core European countries, including wind farms in France and Sweden as well as PV assets in Northern Italy. By securing debt finance for the entire portfolio, Goodyields Capital not only could reduce transaction costs significantly, but also was able to extend the term of the loan as well as to keep the level of interest rates low. “With the closing of this portfolio debt financing we have demonstrated again our ability to create value for our investors, here by tapping financing sources off the beaten track”, says Seraphim.
In this transaction, REIF was advised by law firms King & Wood Mallesons, Frankfurt, Paris and Milan, as well as Vinge, Malmö.
For more information, please contact: Ralph Seraphim, Managing Partner of Goodyields Capital, firstname.lastname@example.org, +49 89 244 14 9710.
REIF I acquires 8 MW wind power asset in France
2014-01-08 Germany based fund company Renewable Energy Infrastructure Fund ("REIF I") has acquired an operating 8 MW wind asset with four wind turbines in northern France (Pas de Calais region).
“This is our first wind power investment in France. The asset comes with an attractive risk-return profile because the good wind conditions make for a favorable yield combined with a low level of risk. We also chose the asset due to REIF’s industry partner’s excellent track record in the wind power industry.” says Ralph P. Seraphim, Managing Partner of Goodyields Capital, the advisor to REIF I.
REIF I worked on this transaction with Ost Italia S.r.l., a subsidiary of Ost Energy Ltd., as technical advisor and with Reed Smith France for legal matters, contributing to a smooth execution of the transaction process.
The wind farm has been built in 2013 and delivers power into the grid as of July 2013. The Vestas V90 turbines are well proven and operate at a hub height of 80 meters.
For more information, please contact: Ralph Seraphim, Managing Partner of Goodyields Capital, +49 89 244 14 9710, email@example.com
About REIF I - REIF I is a Fund investing in renewable energy infrastructure in Europe. REIF I is managed by GCG Renewable Energy Management which belongs to Goodyields Capital GmbH based in Munich. Goodyields is a Munich based, independent, highly specialized investment firm focused solely on investments in energy infrastructure. Goodyields has been established in 2009 as the Private Market Investment arm of General Capital Group.
REIF acquires 16 MW wind power
asset from O2
2013-12-04 Germany based fund company Renewable Energy Infrastructure Fund ("REIF I") has signed an acquisition contract with O2 for eight turnkey wind turbines at Mässingberget in Dalarna, Sweden.
“This is our first wind power investment in Sweden. Mässingberget is attractive from an investor’s perspective because the good wind conditions make for a favorable yield in relation to a low level of risk. We chose to work with O2 because of its excellent track record in the Swedish wind power market,” says Ralph Seraphim, Managing Partner of Goodyields Capital, advisor to REIF I.
The anticipated average production for the eight wind turbines is 55 GWh per year, which corresponds to annual consumption of household electricity for slightly more than 12,000 households.
“We are seeing increasing interest in our Swedish projects from international investors. It is extremely positive that foreign capital is now flowing into Sweden as this benefits industrial growth, local development and our possibilities to export renewable electricity,” says Paul Stormoen, CEO of O2 Vindkompaniet.
REIF’s wind turbines will be part of a wind farm with a total of 11 wind turbines. The farm is at Mässingberget, which is located in the Municipality of Orsa, Dalarna County, Sweden. The preparatory work will commence immediately, since all of the relevant permits and planning permission have been granted. The start of operations and transfer to REIF are expected to occur at the beginning of 2015. Following this, O2 will continue to manage the wind farm commercially and technically under a separate agreement.
The turbine selected is a Vestas V100-2.0 MW, which has a rotor of 100 m and an output of 2.0 MW.
For more information, please contact:
Ralph Seraphim, Managing Partner of Goodyields Capital, +49 89 244 14 9710, firstname.lastname@example.org and
Paul Stormoen, CEO of O2 Vindkompaniet, +46 (0)70-671 18 18. email@example.com
About O2 –
O2 develops, builds, finances and manages wind farms. The company is a leader in large-scale onshore windpower in the Nordic region. Together with its partners and investors, O2 continuously drives development forward towards a sustainable future. The company’s head office is in Stockholm, Sweden. For more information, please visit http://www.o2.se/en/
In Autumn 2013 the private market investment arm of the General Capital Group was transferred to Goodyields Capital GmbH.
Goodyields Capital is based in Maximilian Strasse 30, 80539 Munich. The acting founding partner is Ralph P. Seraphim.
Goodyields Capital is a company specialising in energy infrastructure investments. Goodyields Capital offers customised investment solutions in the field of energy infrastructure to institutional investors.
REIF acquires 5 solar parks in Italy from Solea AG
May 2013 - GCG Renewable Energy Infrastructure Fund GmbH & Co KG has acquired five solar parks in Italy from Solea AG with a total capacity of 4.5 MW. The transaction is completed. The parties have agreed to confidentiality of the transaction volume.
The GCG Renewable Energy Infrastructure Fund (REIF) is a fund of the "Private Market Investments' arm of the General Capital Group, Munich, with a focus in the areas of renewable energy, energy efficiency, smart grids and electric mobility. REIF offers customised investment opportunities for institutional investors in the renewable energy infrastructure. The investment strategy of the fund is based on a diversified portfolio approach, long-term partnerships with "blue chip" industry partners and an experienced investment team with high levels of expertise in the energy industry, renewable energies and investment and asset management.
Solea AG is a leading medium-sized company in the solar industry with headquarters in Plattling / Bavaria. The company specialises in the planning, implementation and maintenance of solar systems of all sizes, particularly ground-mounted solar systems. With a turnover of more than EUR 90 million, the company is one of the leading complete system providers in the photovoltaic industry in Germany with an international focus. In addition to investment priorities in Germany and Southern Europe, Solea AG is particularly active in Africa and through joint ventures in India and Turkey. In North America, the company has a successful joint venture with a Canadian partner company.