#Ukraine #Wind Power #Horizon Capital #Notus Energy #Odesa

Horizon Capital Forms Strategic Alliance with Notus Energy

Horizon Capital, a major private equity firm in Emerging Europe known for its innovative investment strategies, has confirmed its latest funding initiative in the renewable energy sector. The firm has officially partnered with Germany-based Notus Energy to finance an impressive 124 MW wind power project located in Ukraine's Odesa region. This project not only signifies a pivotal financial backing from Horizon Capital's newly established Horizon Capital Catalyst Fund (HCCF) but also stands out as a significant step toward revitalizing the energy landscape in Ukraine.

Horizon Capital, which manages assets worth $1.8 billion, marked the commencement of the Catalyst Fund with this initiative, having already secured over 50% of its target fund size of €300 million through an initial closing event. The fund aims to provide substantial capital investments ranging between €20 million to €50 million for projects requiring major funding in strategic sectors, particularly focusing on energy, digital infrastructure, and construction.

Investment Details and Impact

The partnership is crucial as it intends to mobilize over €220 million in total investment. This includes robust financial structuring supported by international development finance institutions such as the EBRD, IFC, Swedfund, BIO, and the Green for Growth Fund. Horizon Capital’s share of 45% in this wind power project not only represents its confidence in renewable energy but also its commitment to sustainable investment practices.

The Notus Energy project, one of the most structured and advanced renewable energy projects in Ukraine, is expected to generate an impressive annual output of 378 GWh. This figure translates to the electricity needs of approximately 120,000 households while significantly reducing CO₂ emissions by roughly 244,000 tons each year. Furthermore, the project is anticipated to create over 300 jobs during its construction phase, cementing its role in bolstering local economies and providing permanent positions for approximately 50 individuals.

Statements and Perspectives

Dmytro Boroday, a Partner at Horizon Capital and the Lead of the Catalyst Fund, expressed enthusiasm about this collaboration, stating, “Working together with Notus Energy highlights the potential that high-quality, bankable projects hold in attracting international investments. This initiative is designed to mobilize necessary capital for Ukraine's infrastructure, serving as a benchmark for international standards and signaling confidence in the nation's economic future.”

Heiner Dietmar Roger, Founder and CEO of Notus Energy, added, “This collaboration is a monumental step for us in launching our first project in Ukraine. The investment from the Catalyst Fund provides us with the essential equity to advance the 124 MW project that embodies our commitment to sustainable energy goals and job creation in a market with strong potential.”

Future Prospects

Looking forward, the project accounts for the first of three planned wind farms under Notus Energy's immediate pipeline in Ukraine, aiming for a cumulative output of approximately 300 MW. The company is intent on establishing a broader renewable energy development pipeline poised for exceeding 1.3 GW by 2030. Implementing this transaction now relies on completing definitive agreements and meeting regulatory requirements, which area critical steps in realizing this ambitious energy initiative.

Horizon Capital and Notus Energy’s partnership is a testament to the collaborative efforts needed to reshape Ukraine's energy sector, paving the way for sustainable development that prioritizes both economic growth and environmental stewardship.