The Hamburg-based company is a renewable energy generator that develops, acquires and operates solar and wind power assets in Europe and Latin America. BEE was founded in 2016 and has since grown rapidly in just a few years, thanks to its rapidly scaling platform. The company operates 67 solar and 13 wind power plants in eight countries with a power generation capacity of around 1.3 gigawatts. In addition, BEE already has an extensive secured project pipeline.
EU’s carbon emissions targets favour BEE
BEE benefits from the fact that the European Union has committed itself to reducing CO2 emissions by at least 55 per cent by 2030 and is aiming for climate neutrality by 2050. Against this backdrop, Antin will support BEE's experienced management team in unlocking the company's full potential in the fast-growing renewable energy market.
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BEE has a proven and scalable business model. The strategic partnership with Antin will enable the company to drive organic growth and greatly expand its generation capacity internationally. BEE is continuously expanding its development portfolio of solar and wind projects while exploring new business opportunities in adjacent areas.
No financial details disclosed
In addition to the management team, the founders and major shareholders Blue Elephant Venture GmbH, Jahr Assetmanagement GmbH and Athos will remain on board with BEE, providing consistency and continuity.
BEE is the first investment of Antins Fund V. The parties have agreed not to disclose financial details. The transaction is expected to be completed in Q4 2022 and is subject to usual regulatory approval. (mfo)
