GERMANY: Enerparc owners eyeing total or partial sale of the company

The owners of German solar IPP Enerparc are working on a sale or partial sale of the business, it is understood.

Founded in 2008, the Hamburg-headquartered company currently retains ownership of circa 3 GW of operational solar PV capacity, largely across Europe, while it has a multi-GW development pipeline.

It also operates an EPC and O&M business, and provides energy trading services to its own portfolio and third-parties via subsidiary Sunnic Lighthouse.

The group’s three main shareholders - chief executive Christoph Koeppen, CFO Frank Müllejans and COO Stefan Mueller - are now understood to be working with financial advisor Goldman Sachs on the potential sale of a majority or minority stake at the topco level, and are currently in the process of taking indicative offers, according to market sources.

Whether or not the sellers ultimately pursue a total or partial sale is still to be decided, it is believed. Enerparc’s equity has been touted to carry a price tag in the region of EUR 1bn.

The group is concurrently progressing the sale of assets at the project-level, and is in the latter stages of divesting a circa 400 MW portfolio of late-stage development / ready-to-build projects located east of Berlin. That transaction is being run by Capcora (financial).

In Europe, Enerparc is active in France, Spain, the Netherlands, Italy, Poland, the UK, Ukraine and eastern Europe, while it also has a presence in Kazakhstan, Turkey, Jordan, India, and Australia.

Enerparc declined to comment.

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