JLL advises Green Hedge on the sale of German BESS portfolio

JLL’s Energy and Infrastructure Advisory team acted as exclusive sell-side M&A advisor to Green Hedge Infra GmbH (Green Hedge), a specialist German battery energy storage system (BESS) developer, on the sale of their 100MW Ready to Build (RtB) BESS portfolio near Senftenberg, in the Brandenburg region. Following a competitive process, the portfolio was acquired by Econergy International, an independent power producer (IPP) specialising in utility-scale renewable energy projects.

Germany’s rapid build out of solar capacity – now at 100GW with a government target of 215GW by 2030 – has driven a 50% year-on-year increase in negative pricing events, with 2024’s record of 453 hours already being surpassed. This trend is forecasted to continue, creating an attractive opportunity for the Senftenberg assets.

The successful conclusion of this transaction marks JLL’s first in Germany and brings the team’s cumulative BESS transactions to more than 12 GW across over 60 deals, further cementing JLL's position as the leading advisor in the European energy storage market.

Adrien Lebrun, Managing Director, Green Hedge, said: “We’re delighted to have completed the sale of our first Ready to Build German BESS projects to Econergy. Green Hedge is committed to developing high quality BESS projects, and that is only possible with high quality partners. JLL supported us throughout the transaction with Econergy and we look forward to growing our successful partnership as we expand our German BESS portfolio.”

Max Stirling, Director, Energy & Infrastructure Advisory, EMEA, JLL, added: “We were delighted to serve as financial advisor to the Green Hedge team on this transaction, which completed in June. They have developed an exceptional RtB portfolio which was demonstrated by the significant market interest received. This represented an exciting milestone for the German BESS market and marked our first successful transaction close in Germany. We're particularly encouraged by the momentum we're seeing, with several other advanced-stage German BESS deals in our pipeline that we expect to complete in the coming months. We look forward to continuing our partnership with Green Hedge on future opportunities and wish Econergy best of luck in now delivering the projects”

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