PW Energy has raised capital from SSEH
The shareholders of PW Energy have raised capital from Stredoslovenská energetika Holding, a. s. (SSEH) for a geothermal project in Žiar nad Hronom. The newly formed strategic partnership aims to develop 20 MWe of installed electrical capacity and additional residual heat for future use in the municipality. The location is in the final stages of environmental impact assessment.
PW Energy operates in the field of renewable energy sources with a focus on projects that utilize geothermal energy. PW Energy’s primary objective is the production of electricity from geothermal energy sources and the subsequent cascade use of residual heat for district heating, greenhouse heating, wastewater treatment, heating of public pools and other industrial and food production processes.
SSEH is an incumbent electricity distribution and supply company in approximately one third of Slovakia. It is controlled by EPH, a Czech energy group that owns and operates assets in the Czech Republic, Slovakia, Germany, Italy, Ireland, the UK, France and Switzerland. EPH is a vertically integrated energy utility covering the complete value chain, ranging from highly efficient cogeneration, power and heat generation, natural gas transmission, gas storage, to heat and electricity distribution and supply. The scope also includes trading and logistics platforms, gas infrastructure management and real estate development.
Oaklins’ team in Slovakia acted as the exclusive advisor to the seller and the management of PW Energy in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.
Talk to the deal team
Related deals
Hærup Biogas has been acquired by Gasum
Gasum has entered the Danish biogas market with its acquisition of all shares in Hærup Biogas, which owns and operates a biogas plant in the northern part of mainland Denmark.
Learn moreJeco Energies has sold a significant minority interest to NPM Capital
NPM Capital has acquired a significant minority interest in Jeco Energies. By teaming up with NPM Capital, Jeco Energies is ready for the next step in its remarkable growth trajectory and strengthening its position as the leading industrial energy solutions provider.
Learn moreEnergy Solutions UK Ltd. has acquired Oceanic Systems (UK) Ltd.
Energy Solutions UK Ltd., a marine electrical systems supplier, has completed the acquisition of marine monitoring and control systems manufacturer, Oceanic Systems (UK) Ltd. The acquisition is designed to expand Energy Solutions’ marine technology offerings, particularly supporting their growth in marine hybrid propulsion systems.
Learn more