Team von Walder Wyss
Das Team von Walder Wyss wurde von Ramona Wyss (Partnerin, Transaktionen) geleitet und umfasste weiter Christoph Zaugg (Senior Associate, Corporate/M&A) sowie Timon Nydegger (Senior Associate, Corporate/M&A).
Information von Pexapark über die Transaktion
Pexapark informiert wie folgt über die Transaktion:
Pexapark, a leader in software and advisory services for renewable energy sales, has completed a second round of Series B funding for a total of €8m. This round began in late 2021, bringing Pexapark’s total Series B funding to €14m, and its total equity investment to €19m, accelerating its growth in the global renewable energy market.
The funding round, formally announced this month, has seen S&P Global Commodity Insights, which includes S&P’s Platts price benchmarks, and Fluence, an energy storage and digital applications leader, join existing Series A and B investors Encavis, RP Global and BayWa r.e. Energy Ventures in backing the fast-growing business.
Furthermore, Pexapark has now secured the second half of a loan guarantee from the Swiss government’s Technology Fund. This recognizes Pexapark’s role in contributing to the energy transition towards net zero.
This substantial momentum since Pexapark launched five years ago is testament to the success and relevance of the business offering for clients, including renewable energy investors, such as developers, independent power producers (IPP) and funds, as well as offtakers, such as utilities and corporates, as they enter a new world of energy trading.
This latest funding will support the continued expansion of Pexapark – which now employs more than 80 people across Europe – into new business areas of the renewable energy ecosystem, such as storage, trading as a service and portfolio management, which are critical to fully enabling the energy transition. It will also see the business embark upon a significant expansion in headcount across Europe through the course of 2022.
Since it was founded in 2017, Pexapark has become a trusted leader in European renewable energy sales and risk management. It provides an operating system that encompasses software and advisory services to facilitate the entire energy trading and sales workflow from price discovery to analytics, execution and monitoring, covering solar and on- and offshore wind in 18 countries.
Underpinned by trusted price reference data for PPAs and Pexapark’s advanced quantitative analytics technology, the award-winning solutions of Pexapark have been adopted by leading companies such as Ardian, Brookfield’s CEE Group, CIP, Total Energies and Orsted to price PPAs, analyse hedging decisions, quantify portfolio risks and grow revenues across major European renewables markets.
Michael Waldner, Co-Founder and CEO at Pexapark said: “We are delighted to announce that with S&P and Fluence, two global leaders are joining Pexapark as strategic partners in this latest funding round. This will be a powerful combination as we seek not only to grow the company globally, but to also accelerate the energy transition.
“From our perspective this means providing funds, IPPs, developers and offtakers such as utilities and corporates, with the capabilities, tools and services that they need to manage their energy portfolios and risks, which continue to evolve in a market that is almost entirely subsidy-free now, yet also incredibly volatile and undergoing rapid, lasting change.
“With such a huge pipeline of renewables projects across the world, it is more essential than ever that developers, financiers and energy buyers are tuned into the risks, and that they have the right operating models to manage them.”
Dave Ernsberger, Head of Market Reporting and Trading Solutions at S&P Commodity Insights, said: “In a rapidly evolving energy market, we are glad to be teaming with Pexapark to help bring more transparency to prices, particularly around PPAs and the rapidly evolving renewable energy markets, where opportunities, risk assessment and investment are in a transformative stage. We look forward to leveraging the expertise of our Platts benchmarking and methodology to further Pexapark’s work in the global energy transition.”
Marek Wolek, Chief Strategy and Commercial Officer at Fluence commented: “As the pace of the energy transition quickens, and as more renewable energy players enter the merchant market, it is vital that investors and owner/operators are able to manage market volatility through both physical assets and robust digital infrastructure. Pexapark is a leader in this domain with data, software and expertise. We look forward to playing a significant role in its next chapter and supporting its expansion in the global marketplace.”
