Energy projects and
financing for a good climate.
Since 1997.
Saxovent can look back on a successful company history of over 25 years. Founded in Berlin in 1997, our investment company is still 100% owner-managed today. We are active in the field of renewable energies and have always relied on an international and regional network and strong partnerships. With the strength of this network and our team of diverse talents, we work every day for a good climate and a future worth living.
- Saxovent was founded in 1997 by Carsten Paatsch plus partner, directly after his mechanical engineering studies. The first project co-operations in the areas of project development and financing were formed during the founding years.
- The first 6 wind turbines were realized with a total installed capacity of 3 megawatts (MW)
- Thüringen and Brandenburg were the home of our first projects
- Saxovent has developed 61 wind turbines with a total output of 80 MW in partnership
- The projects were implemented in the focus areas of Saxony-Anhalt, Lower Saxony and Brandenburg
- Expansion of business to Eastern Europe (29 wind turbines) and market entry in France in partnership with H2air (21 windturbines)
- A further 238 turbines with a total output of 484 MW are realized in Germany
- The wind farm Neu Kosenow is being built and becomes the largest of our company in Germany in 2011 and 2012 with 30 turbines.
Milestone: By the end of 2014, we realized 355 wind turbines with a total output of 669 MW in 4 countries together with over 20 partnerships
- Realization of further wind farms
- Expansion of all self-operated plants to over 180 MW (IPP business)
- Foundation WindPunx as a 100% subsidiary for commercial and technical operations management
- Expansion of activities in three new areas relevant to climate protection: solar, real estate and agriculture
- Market entry in the USA in 2019 in partnership with Ironwood
- Foundation of Powerbude as a 100% subsidiary for space acquisition in northern Germany
- Introduction of sustainability reporting and calculation of impact targets
- Construction of the 400. wind turbine, Kunow wind farm
Milestone: The 400 wind turbines developed together with our partnerships supply over 900,000 people with clean electricity and save more than 1 million tons of CO2 every year
The infinite resource of wind inspired me from the very beginning. After reviewing the balance sheets of the first wind turbines, it was clear to me that clean electricity generation from wind is not only good for the climate, but will also play a key role in shaping the future of the entire energy industry. A certainty that inspires and drives me and our entire company to this day.
Measurable success is important to us. We therefore determine the potential greenhouse gas avoidance for each of our projects.
* SAXOVENT was involved in the development of these projects at various stages of planning, up to and including the independent operation of the facilities as an IPP (Independent Power Producer).
Expected energy production from facilities developed by SAXOVENT is estimated based on their installed nominal capacity and an average full-load hour count, regardless of SAXOVENT’s ownership share. The average household electricity consumption per person was 1,613 kWh in 2022 (Eurostat).
The potentially avoided greenhouse gas emissions are calculated from the amount of electricity generated and the so-called ‘net avoidance factor.’ This factor indicates how many CO2 equivalents are avoided per kilowatt-hour generated by wind energy, taking into account the upstream supply chains. The calculation is based on the report ‘Emission Balance of Renewable Energy Sources. Determination of Avoided Emissions in 2022’ published by the Federal Environment Agency. The net avoidance factor is 758 g CO2-eq./kWh for the year 2022.