Vector Renewables has completed the Technical Due Diligence (TDD) of a 112 MW PV portfolio, acquired by the global solar independent power producer (IPP), Sonnedix, from Circle Energy, Faleuma, and Ríos Renovables.
The portfolio, consisting of seven PV projects located in Valladolid (Spain), is in a well-advanced stage of development, and the commence of the construction is expected to start by the end of 2021.
In this transaction, Vector Renewables has performed the Technical Due Diligence (TDD) including the technical review, energy yield assessment, contracts review and technical assessment of the financial model, among others
With more than 15 years of experience as independent advisor, Vector Renewables has carried our more than 100 GW of technical advisory services worldwide, including solar PV, wind, biomass, storage and green hydrogen projects.
The company has provided services in more than 40 countries and reaches a portfolio of more than of 3.8 GW under management and 5 GW in M&A and Financial Advisory. Until date has been involved in more than 3,000 projects, which has allowed Vector Renewables to position itself as one of the most relevant companies in the renewable energy industry worldwideRead More
Vector Renewables has carried out the On-site Quality Control of Kahone and Kaél solar power plants; the two PV projects owned by a consortium of Engie, Meridiam and Senegal’s Fonds souverain d’investissements stratégiques (Fonsis) that started operations in early April this year.
The two facilities, with capacities of 44 MWp and 35 MWp respectively, are located in the regions of Kaolack and Diourbel and are expected to provide 540,000 people with renewable electricity, creating over 400 local jobs.
Kahone Solaire SA and Kael Solaire SA have been already connected to grid at the beginning of April, injecting 79 MW into Senegal’s national electricity market and contributing to the provision of clean and sustainable energy to the population.
In all this process, Vector Renewables has supported Engie, Meridiam and Fonsis in the construction phase of the projects, acting as Owners Engineer and carrying out the On-site Quality Control of both facilities.
These two projects join the vast experience of vector renewables in providing Owner’s Engineering services through its Technical Advisory business line. In the last 2 years, Vector Renewables has provided support during the construction of renewable facilities of over 1.2 GM during in 6 different countries.
Vector Renewables reaches a track record of more than 80 GW in technical services in over 40 countries, besides its current portfolio of 3.8 GW under management and 5 GW in M&A and Financial Advisory. The company has been involved in more than 3000 projects, which has allowed Vector Renewables to position itself as one of the most relevant companies in the renewable energy industry worldwide.Read More
Vector Renewables, asset manager of a 131 MW solar portfolio owned by Commerz Real`s impact fund Klimavest
Vector Renewables has signed an agreement with Klimavest, an impact fund that has been launched by German asset and investment manager Commerz Real end of last year, for the management of three solar PV plants in Spain, totalling 131 MW. With this new contract, Vector Renewables strengthens its portfolio under management to more than 3.8 GW.
The portfolio consists of three solar PV projects that Commerz Real acquired on behalf of Klimavest from Bruc Energy and Cero Generation in May 2021.
Of the three plants, two are located near Alvarado, southwest of Badajoz. With a capacity of 50 MW each, they have been in operation since August 2020.
The third, located in Castilla la Mancha, is currently in the development phase and is expected to be connected to the grid by the end of 2022. The latter is expected to have a nominal capacity of 31,25 MW.
With this new contract, Vector Renewables strengthens its portfolio of projects under management to more than 3.8 GW worldwide, one of the largest portfolios managed for third parties by a single company. With 15 years of experience in the sector, Vector Renewables has provided Technical Advisory services for over 70 GW in more than 40 countries and 5 GW through its M&A and Financial Advisory services. To date, the company has been involved in more than 3000 projects, which has allowed it to position itself as one of the most relevant companies in the renewable industry worldwide.
Commerz Real is the asset manager of real asset investments of Commerzbank. With almost 50 years of market experience and about 35 billion euros in assets under management, the company has already been investing in infrastructure assets for more than 20 years, focusing on three areas: transport and mobility, on-grid infrastructure, and energy generation. In total Commerz Real has successfully concluded more than 80 transactions across all three areas. With a transaction volume of about seven billion euros it is one of the largest German asset managers in this segment. The main focus of the transactions in recent years has been on the field of renewable energy. Here Commerz Real manages more than 50 solar power stations and – excluding the Klimavest portfolio – fourteen onshore and offshore wind farms. Their total installed capacity is more than 1 gigawatt.
With Klimavest, in November 2020 Commerz Real launched the first impact fund focusing on real assets for private investors. In the course of its term, it is intended to develop a portfolio of plants for the generation of renewable energy, as well as sustainable infrastructure, mobility and forestry with a value of at least 25 billion euros, with about 10 billion euros thereof in the form of equity capital. In contrast to conventional sustainability funds, Klimavest is investing in those assets which make a tangible and thus demonstrable contribution to a reduction in carbon dioxide (CO2) emissions.
The company has closed an agreement with Eranovum Energy for the management of a solar PV project under construction totalling 169 MW. Vector Renewables increases its international asset management portfolio exceeding 3,5 GW under management.
The project, called Olmedilla solar park, was acquired in February 2020 by an investment group and its local partner in Spain, Eranovum Energy.
The solar plant, located in Cuenca, Castilla la Mancha, is currently under construction and expected to become operational by the end of 2021. The project will significantly contribute to Spain’s energy strategy to achieve 100% renewable electricity as will supply clean energy to over 52,000 spanish homes.
With this new contract, Vector Renewables reinforces its asset management portfolio, exceeding 3,5 GW under management worldwide, one of the largest portfolios managed for third parties by a single company in the renewable energy sector. The company has also provided over 70 GW of technical advisory and over 5 GW of M&A and financial advisory.Read More
The company has recently closed an agreement for the management of a 127 MW solar PV portfolio, including 30MW of Battery Energy Storage System (BESS). With this new contract, Vector Renewables establishes itself as the first independent 3rd party asset manager involved in the management of batteries in Australia.
The year 2018 was an important achievement for Vector Renewables’ international expansion. After providing some specific services in the region, the company opened its office in Sydney, as a new regional hub for its activities in the APAC Region. Today, 2 years later, Australia is one of the key markets for Vector Renewables. The company continues to reinforce its presence in providing green energy consulting services for the Asian-Pacific renewable players.
The company has recently closed an agreement for the management of a 127 MW solar PV portfolio, including 30MW of Battery Energy Storage System (BESS), positioning Vector Renewables as the first independent 3rd party asset manager involved in the management of batteries in the region.
To date, from its office located in the financial district of Sydney, the local team has also rendered engineering and commissioning services, technical advisory and owner´s engineering, totalling 1 GW in technical services provided.
Oceania is the sunniest continent on Earth with incredible wind resources. These weather conditions are attracting massive interest in Australia from developers, contractors, manufacturers and both local and international investors. In 2020 Australia reached a total installed capacity of more than 6 GW in wind and 3,2 GW of solar PV.
Currently Vector Renewables reaches a track record of 70 GW in technical services in over 40 countries, besides its current portfolio of more than 3 GW under management and 4.6 GW in M&A and Financial Advisory. To date, the company has been involved in more than 3000 projects, which has allowed Vector Renewables to position itself as one of the most relevant companies in the renewable energy industry worldwide.Read More
Vector Renewables, through its subsidiary in Japan, has participated, as Asset Manager, in the closing of a green bond and loan of 70 M USD (7,300 M JPY) for 34 operating power plants, totalling 30 MW and located in various locations of Japan.
With a contract secured for 20 years, Vector Renewables has acted as a connecting link between the Financing Parties (Hitachi Capital), Bond Arranger (Nomura Securities), Legal Advisor (Nishimura Asahi) and Rating Agency (Japan Credit Agency) among all the providers of the portfolio.
The bond, with an annual interest rate of 1.5% and a maturity of 20 years, has received a rating of BBB. On terms of Green Bond, has received the maximum qualification by Japan Credit Rating for “Greenness” evaluation (g1) and Management evaluation (m1).
The work has involved 900+ hours of the asset management team since July and has arrived at a closing with the consecution of the finance on 22nd January.
Fabrizio Moscone joins Falck Renewables Group, as Executive Chairman of Vector Renewables, leading the Asset Management and Technical Advisory businesses globally
Fabrizio Moscone has worked in Italy, Denmark and in the United States for Accenture, Olivetti, Enel, RSA and Sella. During his experience in the IT Consulting, Energy and Financial Services industries, he worked internationally covering the role of CFO, among others, in Olivetti Denmark, Enel Latin America, Enel North America and RSA where from 2009 to 2015 he then held the role of CEO Italy. From 2016 he had a five-year experience in Sella Banking Group where he built and brought to the market Centrico, the first Italian provider of open core banking system technologies and services.
Thanks to the passion, knowledge, experience and dedication of more than 200 professionals operating from 10 international offices, Vector Renewables will continue to respond and anticipate the exciting evolution of the Renewable Energy industry by offering leading edge professional services in Asset Management and Technical Advisory.
As to date, Vector Renewables has provided services to Clients based in more than 40 countries. Vector has a portfolio under management in excess of 3 GW of Solar, Wind and Hydro assets, provided to more than 65 GW highly specialized technical advisory services, and supported the M&A for more than 5 GW providing Legal and Financial Advisory.
As one of the steps to reach its ambitious strategic plan for the following years, Falck Renewables Group is betting on Spain as one of the most attractive Renewable Energy sectors in Europe. Falck has created a new business unit that will be led by Javier Asensio as Managing Director Spain.
Javier has been serving in the group as CEO of Vector Renewables from July 2017 to January 2021 having achieved a great transformation and growth for the company. Javier’s new team will pursue the strategic growth of the Falck Group via acquisition of companies and assets, aiming at activities across all the business lines of the GroupRead More
Vector Renewables ends 2020 by exceeding 3GW of installed capacity and managing renewable projects in 12 different countries. This excellent milestone comes on top of the large portfolio that the Firm carried out through its other three business lines -Technical Advisory, Financial Advisory and Legal advisory- and that positions itself as a global reference in the renewable energy industry.
In the last quarter of the year Vector Renewables has closed several agreements enabling the company to overcome the barrier of 3.000 MW of assets under management, with a total of 1.7 GW of photovoltaic solar power, 1.2 GW of wind power and 29 MW of hydro power. Projects based in Australia, El Salvador, France, Italy, Japan, Mexico, Norway, Portugal, Spain, Sweden, the United Kingdom, and the United States.
During its 15 years of existence and after providing services to the most important players in the sector, Vector Renewables has accumulated experience of 4.2 GW and more than 540 projects managed worldwide.
With more than 220 highly qualified professionals in 10 offices worldwide, Vector Renewables has been able to adapt to a great variety of clients, which include the top investment funds, financial and industrial institutions, international sponsors, and developers in the renewable energy industry.
In the last years, Vector Renewables has bet on the incorporation of new digital tools through NUO; a platform developed by its Asset Management team and created with the objective of obtaining the maximum benefit for its clients.Read More
Vector Renewables is the name that will replace Vector Cuatro after 15 years in operation, and with which the company will strive forward to meet its objectives over the coming years.
Following the steps of its parent company, Falck Renewables, and all the companies of the group, Vector Renewables welcomes this new identity as a step towards modernization without losing sight of its most valuable asset: its clients.
The name change is united with a new graphic identity, whereby they are looking to reinforce values such as innovation, professional development, and well-being, three of the main pillars that govern the day-to-day running of the companies of Falck Renewables.
They have preserved the word “Vector” in their new venture, maintaining the identity which has served the company well during its accomplishment in taking the lead as a reference advisor in the green energy sector.
Thanks to the work of more than 200 professionals in 10 international offices, Vector Renewables will continue to adapt to the constant change in the sector in which it operates, offering services based on the trends and needs demanded by the renewable market.
As to date, Vector Renewables has provided services in more than 40 countries, holding more than 2.9GW under management, over 60 GW of technical advisory services completed, and approximately 4.6GW in M&A and Financial Advisory.Read More