In 2007, our former American partner company bought a German portfolio from the Dutch energy provider Essent, which consisted of 65 MW operational wind farms as well as approved 85 MW development projects. The buyer of these activities was Hurrikan Power Funding Holding GmbH.
After completion of all of the building projects in November 2009, Hurrikan operated an operational portfolio of 14 wind farms with an output capacity of over 150 MW. In addition to this, there was an infrastructure company with a larger substation as well as a development project with a capacity of 6 MW.
In 2010, three wind farms from the Hurrikan portfolio with a total capacity of 23.4 MW were sold by aeos energy to an institutional investor, a municipal utility company and a range of significant private investors and in the year 2011, an additional five wind farms with an output of 54.5 MW were also sold. After a refinancing in 2012, aeos energy sold the remaining Hurrikan portfolio to private investors in individual transactions between the end of 2012 and the end of 2013. The development project was partially sold at the end of 2013, with aeos energy still holding a substantial share.
On behalf of our former American partner company, aeos energy conducted the business of Hurrikan Power Funding Holding GmbH and its wind farm companies as well as the infrastructure company. The operational part of our activities included, besides the ongoing business and technical management of the existing windparks, also the monitoring of the construction of wind farm projects which were still in the construction phase from 2008.
The second major part of our activities consisted of investment management for our former American partner company. In acting as an “extended workbench” for the investors, we accomplished the following:
At the end of 2008, a significant participation in Petrotank Holding GmbH, Bremerhaven, ended for our former American partner company and aeos Energy.
At the time of the acquisition, Petrotank was, in terms of locations, the largest German oil storage company with a group turnover of over €100 million. Furthermore, at the time of acquisition, the Petrotank goup was involved in the areas of mineral oil, ship fuelling, oil recycling and biomass fuels (production and trade).
aeos energy set up the acquisition of the Petrotank Group and oversaw the integration and investment controling on behalf of Petrotank Holding GmbH. Furthermore, aeos energy supplied the head of Petrotank as an interim measure at times and also supported the Petrotank Group in their implementation of their strategic acquisitions projects.
The involvement in Petrotank was sold in two stages to Vitol between the end of 2012 and the end of 2013 and since then the business has been brought into Varo Energy, a downstream joint venture by Vitol and the Carlyle Group.
BioD Fuels International GmbH ran a Bio-Diesel production plant with a yearly capacity of 50,000 tonnes of bio-diesel in Kaufungen near Kassel. The plant was sold in two stages between 2011 and 2013 to KFS – Biodiesel Kassel GmbH & Co. KG. The shareholders of BioD were two financial investors based in the USA. aeos energy took on the role of managing the investment for the investors in 2011.
The production plant in Kaufungen is based on the concept of KOH-esterification, a closed, water-free and and extremely clean process. KFS Kassel produces Bio-Diesel from plant oils and offers its customers BioDiesel conforming to the standard DIN 14214, which corresponds to the seasonal norms (CFPP and CP values).
KFS – Biodiesel Kassel GmbH & Co. KG also offers customer-specific bio-diesel for national and international customers.