Kallista Energy acquires 40% of the capital of ‘Windpark Krammer’ in the Netherlands
Press release
Kallista Energy, the independent French renewable energy producer, acquires 40% of the capital of ‘Windpark Krammer’, an onshore wind farm of 102 MW located in the province of Zeeland, around 30 km South-West of Rotterdam. With this transaction, Kallista Energy continues to expand its activities in the Netherlands, following the acquisition in 2019 of Oostflakkee wind farm (Goeree-Overflakkee), located just a few kilometres away from Krammer.
Windpark Krammer consists of 34 Enercon E-115 wind turbines (3 MW capacity and 122 metres hub height), built along the ‘Philipsdam’ dikes bordering lake Krammer. It was commissioned in March 2019. The project was initiated by residents who, after having contributed to its development and construction, manage the wind farm through the cooperatives they have created. 60% of the wind farm is owned by two cooperatives, Deltawind and Zeeuwind (DZH), which regroup around 5,000 members. Kallista Energy, backed by funds advised by Ardian on behalf of APG and AXA, its institutional shareholders, acquires the shares that were held by Enercon (EIPP GmbH).
Around 365 GWh of renewable electricity are produced each year by Windpark Krammer. The wind turbines will avoid the emission of more than 4 million tonnes of CO2e during their lifetime.
With this new acquisition and Oostflakkee wind farm, Kallista Energy will be associated with 134 MW of onshore wind energy in the Netherlands, in addition to its 213 MW in operation in France.
Frédéric Roche, President of Kallista Energy, said: “Windpark Krammer illustrates perfectly how enterprising spirit combined with expert wind technology can enable thousands of inhabitants to act for energy transition in their region. We are very proud to have been chosen by Enercon to succeed them in one of the most emblematic wind farms in the Netherlands and very enthusiastic to be involved in this project alongside the Deltawind and Zeeuwind cooperatives. The long-term commitment of Kallista Energy and of its institutional shareholders is perfectly aligned with the vision of the other partners in this project”.
Bram van Noort, Country manager Dutch Branch at ENERCON said: “We truly enjoyed working close with the entire Krammer team. It was a great experience to realize such an ambitious windfarm together with Deltawind & Zeeuwind. In Kallista we find a trustful and pragmatic partner with whom we are glad to continue to collaborate both as service provider for WindPark Krammer and as supplier and project partner for other onshore projects in the Netherlands and in other markets of our new sales region. Kallista’s engagement shows that international investors trust onshore wind energy and ENERCON technology in particular. We are looking forward to realize additional landmark projects and prototype sites and continue to drive forward the energy transition in Europe together”.
List of advisors
- M&A advisor (seller): Rem Capital
- Legal (buyer): Allen & Overy (Charles Honee & Dominique Coumans)
- Legal (seller): Stek (Jeroen Timmermans)
- Technical due diligence: Eoltech (Habib Leseney & Marion Jude), Ventolines (Casper Sparreboom)
Press contact: Nishal Ramdoo | Tel. 00 (33) 1 58 22 27 37 | nramdoo@KallistaEnergy.com
Photo: Sky Pictures Luchtfotografie
