BERLIN, May 21, 2019 /PRNewswire/ -- By acquiring shares
of Greek holding company MAXIMUS
TERRA, Germany's leading
investment holding firm Deutsche Werte Holding successfully
taps into one of today's most promising business fields. Starting
immediately, the Berlin-based
investment company will be involved in the production of renewable
energy. This commitment includes license trades as well as project
planning, execution and controlling.
Investment in photovoltaics
Deutsche Werte Holding is especially interested in MAXIMUS TERRA's plans to license 200 MW
photovoltaic parks, which are estimated to reach their
ready-to-build stage very soon. By stepping in as co-investors, DWH
AG will support the planning and execution stage of this project
financially. Eventually, these licenses can then either be sold to
energy suppliers or will be utilized by building and running
self-owned photovoltaic infrastructure.
Considering their current market value, 1 MW PV licenses range
at around 100,000 Euros when being
sold directly. However, a 25 MW power plant generates turnaround of
around 2,000,000 Euros each year.
With these numbers on the table, MAXIMUS
TERRA has the option to either realize a significant
short-term profit, or to construct and maintain the photovoltaic
parks themselves and, thus, to calculate with about 17 million Euros turnaround per anno. Thanks to a
minimum contract duration of 20 years, these numbers would add up
to a total 340 million Euros
turnaround.
Mazars rates the deal as a lucrative investment
The renowned, multinational auditing company Mazars was selected
to audit MAXIMUS TERRA S.A. Along
with the general evaluation of investment projects, Mazars will
also carry out an intense analysis of project planning phase
concepts.
This includes structuring of budgets and time frames, but also
obligatory milestones such as land area permits, agreements with
power grid suppliers or temporally and financially binding
acceptance guarantees.
Due to comprehensive and specific challenges that come with such
investments, DWH AG as investor was specifically looking to find a
partner with long-standing traditions and a wealth of experience on
one hand, and for a specialist in the field of Due diligence on the
other - one with the capability of background-checking facts and
numbers as an external, neutral party.
DWH Managing Board: Southern
Europe offers lots of opportunities for diversified asset
portfolios
DWH's recent share acquisition goes along with their strategy
for a deeper involvement in the South EU region. "The 2008
financial crisis hit South Europe
especially hard," as DWH chairman René Pernull explains in occasion
of the deal. "However, after years of consolidation countries like
Spain, Greece and Italy now undergo a process of economic
recovery and have become EU-wide leaders in the renewable energy
segment. As a result, we currently evaluate opportunities in those
highly attractive markets. A good example is Spain, a country that throughout the last
years has become a pioneer in solar thermal technology. DWH is keen
to become a bigger part of these developments, and to ultimately
offer lucrative opportunities for our partners."
About MAXIMUS TERRA
S.A.
The Greek stock company MAXIMUS TERRA
S.A. has successfully acted as a holding company for various
projects in the renewable energy industry since 2010. The company's
founders are well-known giants in the Greek energy market, having
realized projects since 1993 in the wind energy, photovoltaics,
biomass and biogas fields with a total volume surpassing one
Gigawatt and a further 360 MW currently in project phase. The total
budget for the entire 1.36 Gigawatts amounts to approximately
2.4 billion Euros. Thus, consumers of
and investors in such projects are well-known companies, amongst
them Italian energy company ENEL and US-based Libra Group
(https://www.maximusterra.eu).
#DWH
#DWHAG
#MAXIMUSTERRA
René Pernull, +49-30-120-89-521 - 0
View original content to download
multimedia:http://www.prnewswire.com/news-releases/investment-in-renewable-energy---dwh-ag-participates-in-clean-energy-production-300853351.html
SOURCE Deutsche Werte Holding AG