Horizon Capital Partners with Notus Energy on a Wind Power Venture
In a significant move towards expanding renewable energy infrastructure, Horizon Capital has teamed up with Notus Energy to launch a 124 MW Wind Power Project in Ukraine. This initiative marks the first investment from the Horizon Capital Catalyst Fund, aimed at supporting reconstruction and development in emerging markets.
Initial Closing and Fund Objectives
Horizon Capital, a prominent private equity firm managing $1.8 billion, celebrated the initial closing of the Horizon Capital Catalyst Fund with a commitment of €152 million towards its €300 million target. The Catalyst Fund is designed to provide substantial growth capital ranging from €20 to €50 million for strategic sectors, including energy and digital infrastructure. This fund primarily focuses on projects requiring significant investments.
Investment Details
The Catalyst Fund is set to acquire a 45% stake in the wind project, which is projected to attract over €220 million in total investments. The financing plan includes a structured debt package organized by a consortium of international development finance institutions, showcasing strong confidence in the project’s viability and significance.
About Notus Energy
Notus Energy, based in Germany, is recognized for its extensive experience in renewable energy, having developed 1.6 GW of installed capacity globally. The collaboration with Horizon Capital represents Notus Energy's first venture into Ukraine, where the company plans to expand its footprint. This wind project is only the first of three planned wind farms as part of Notus's broader strategy, targeting approximately 300 MW in their near-term operations.
Environmental and Economic Impact
Beyond its financial implications, the wind power project offers notable environmental benefits. It is anticipated to generate about 378 GWh of clean electricity each year, enough to power approximately 120,000 households. Additionally, this initiative aims to reduce carbon dioxide emissions by around 244,000 tons annually, contributing significantly to Ukraine’s sustainability objectives. The construction phase alone is expected to create over 300 jobs, alongside 50 permanent positions, adhering to international environmental and social standards.
Statements from Leadership
Dmytro Boroday, Partner at Horizon Capital, expressed enthusiasm for this collaboration, emphasizing the project’s alignment with the Catalyst Fund’s goal of mobilizing large-scale capital for critical infrastructure. He noted that projects structured to international standards not only attract investors but also accelerate Ukraine’s recovery and growth.
Heiner Dietmar Roger, the CEO of Notus Energy, reflected positively on the partnership, viewing it as a significant step toward advancing their project in Ukraine. With the support of Horizon Capital through the Catalyst Fund, Notus Energy envisions promoting technical job creation and fulfilling the country’s renewable energy potential effectively.
About the Companies Involved
Notus Energy has been a key player in the renewable energy sector since its inception in 2001. With a presence in 18 countries, the company is dedicated to developing and operating renewable energy projects, extending its commitment to sustainable energy solutions globally.
Horizon Capital, noted for its substantial influence in Emerging Europe, manages investments totaling over $1.8 billion. Focusing on dynamic entrepreneurs in Ukraine and Moldova, Horizon aims to catalyze growth in the region’s fast-evolving business landscape, with over 190 companies benefiting from their funding and expertise.
Frequently Asked Questions
What is the main purpose of the partnership between Horizon Capital and Notus Energy?
The partnership aims to launch a 124 MW wind power project in Ukraine, promoting renewable energy and economic growth.
How much has Horizon Capital committed to the Catalyst Fund?
Horizon Capital has achieved an initial closing with a commitment of €152 million towards its €300 million target for the Catalyst Fund.
What are the expected environmental benefits of the wind power project?
The project is expected to generate 378 GWh of clean electricity, equating to powering 120,000 households and reducing CO? emissions by about 244,000 tons annually.
How many jobs will the project create?
During construction, over 300 jobs will be created, along with 50 permanent positions once the project is operational.
What are the future plans for Notus Energy in Ukraine?
Notus Energy plans to advance its development pipeline in Ukraine, with ambitions to reach 1.3 GW by 2030, following this initial project.
