Projects

Enery

Energy

Renewable Generation

Enery is a Vienna-headquartered renewable energy developer and operator with activities across the CEE region. It is focused on both the development of greenfield assets as well as the opportunistic acquisition of operational assets.

Sector

Energy

Renewable Generation

Location

Vienna, Austria

Status

Operational

Equity Ownership

Majority

Financial close

June 2021

About

Enery was founded in 2019. In 2021, 3SIIF acquired a majority stake in the company while also making a sizeable capital allocation to allow the continued growth of the business.

Enery owns a portfolio of 312MW of operating generation assets and a significant development portfolio of ~8GW+ across Central and Eastern Europe.

Enery operates an IPP-model. Rather than developing then selling assets, it seeks to build generation capacity size and scale while also pursuing vertical integration throughout the value chain. The business operates across renewable generation technologies including wind, solar and hydro generation.

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Key impacts and benefits

Clean Energy Produced (2022)

0 GWh

Avoided Emissions (2022)

0,0 tCO2e

MW in Operation (DEC-23)

0 MW

Why we invested

The CEE region is attractive to renewable energy generation operators as it offers high irradiation and wind resource, comparatively modest land pricing and a growing industrial base. At the same time, relative to Western Europe in particular, the market is comparatively under-developed.

Experienced management: Management team has a demonstrated track record from prior roles
Decarbonisation: Replacement of carbon-intensive thermal generation with clean renewable energy
Asset maturity: Operating platform with potential greenfield expansion opportunities.

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:

Outcomes

In line with global Net Zero commitments, the Central and Eastern European (‘CEE’) region is expected to present substantial opportunities for renewables investment in the near term. PV generation has yet to be widely deployed in the CEE despite the ideal conditions with high levels of irradiation and availability of suitable land.

Enery

About

Why we invested

Sustainable Development Goals (SDGs)

Outcomes

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