Astris Finance expands its operations in Germany by appointing Dennis Schröder as Managing Director to capitalize on the country's growing renewable energy market.

Target Information

Astris Finance, a premier independent financial advisory firm specializing in energy transition, has taken a significant step by hiring a Managing Director in Germany. This move is aimed at enhancing its operations in Europe’s largest renewable energy market and the broader DACH region, which includes Germany, Austria, and Switzerland. Astris Finance has a proven track record, managing over 150 transactions in the European renewable sector, raising more than €10 billion in senior, mezzanine, and Topco debt, and overseeing approximately 70 M&A processes across ten European countries. The firm distinguishes itself with a holistic advisory approach and extensive sector expertise, reflected in its top ranking in the IJ Global League Tables for European Renewable Energy Financial Advisory based on deal volume over the last three years.

Recently, Astris successfully closed a €150 million senior debt raise for the Bartow solar project, a significant venture developed by Encavis, a leading German player in renewables, now part of a KKR-led consortium. This 260 MWp solar facility, located 150 kilometers north of Berlin in Mecklenburg-Vorpommern, is set to supply most of its output to LyondellBasell under a 12-year power purchase agreement (PPA), marking a pivotal investment in Germany's energy landscape.

Industry Overview

Germany stands at the forefront of the renewable energy sector in Europe, characterized by robust governmental support and public policy initiatives. The amended Climate Change Act promulgated in June 2021 mandates a net-zero emissions target by 2045, steering the country towards an ambitious renewable energy agenda. This piv