Milvio Energy Sells 81.8 MWp Solar PV Project to Saxovent Renewables in Germany

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José Joaquín Muñoz Osuna

Senior Advisor
José Joaquín holds diplomas in Economics and Actuarial Mathematics from Universidad Complutense in Madrid. He began his finance career in 2000 at HypoVereinsbank, specializing in project and structured finance within the infrastructure and renewable energy sectors. In 2010, he transitioned to the photovoltaic industry, where he led structured finance and M&A teams for international companies. In 2023, José Joaquín joined Capcora to lead transactions within the Debt and M&A team.

Hamburg-based project developer Milvio Energy has entered into sales agreement with Berlin-based Saxovent Renewables GmbH & Co.KG relating to a solar photovoltaic (PV) project totalling 81.8 MWp of ground-mounted PV, of which 20MWp has been secured under the German EEG scheme. The project has reached the ready-to-build status (RTB), and construction is expected to commence shortly. Capcora acted as the exclusive M&A advisor on the side of Milvio Energy in this transaction.

The ground-mounted photovoltaic project is situated in Mecklenburg-West Pomerania and will cover an area of approximately 57.8 hectares. This is equivalent to about 81 soccer fields, making it one of the larger PV projects in Germany.

“This sale marks another important milestone in our strategy to execute our development activities and deliver utility-scale projects in Germany. By placing high-quality RTB assets with experienced partners like Saxovent Renewables, we are strengthening both our future pipeline and the broader energy transition,” said Johannes Stahl, Founder of Milvio Energy.

“We are excited to acquire this well-prepared project, which aligns perfectly with our long-term investment approach. These projects will make a tangible contribution to Germany’s renewable energy targets, and we look forward to bringing them into operation soon,” commented Thorsten Freise, CEO at Saxovent Renewables.

Jochen Magerfleisch, Managing Partner at Capcora, added: “We are pleased to have supported Milvio Energy on this landmark project. The transaction demonstrates the strength of Milvio Energy’s project development capabilities and the continued investor appetite for high-quality RTB PV assets in Germany.”

Targeted M&A transactions are a key element of Milvio Energy’s ambitious growth strategy and strengthen the foundation for further scaling and diversification within its own portfolio. Milvio Energy reflects positively on the joint efforts with Capcora, which helped further strengthen the working relationship over the course of the transaction.

Milvio Energy received legal support by RST Rechtsanwälte, represented by Dr. Marco Tyarks.

About Milvio Energy


Milvio Energy is a renewable energy developer and operator specializing in solar PV, BESS and data center projects. With a strong track record in Germany, the company delivers high-quality projects across the renewable energy value chain, from development to operation. 

www.milvio.energy

About Saxovent Renewables

Saxovent Renewables GmbH & Co. KG is an independent renewable energy project development company based in Berlin with a regional presence throughout Germany. As an experienced full-line provider, Saxovent Renewables covers the entire value chain from land acquisition and permit planning to the implementation and operation of renewable energy projects. An agile network of experts, partner companies, and its own operating units, such as windpunx and solarpunx, creates efficient, scalable solutions for the energy transition. With a technology-neutral approach, many years of market experience, and a clear focus on quality and sustainability, Saxovent Renewables is driving forward its vision of a 100% clean energy supply.

www.saxovent.com

About Capcora

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.

www.capcora.com

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