Press release from July 25, 2024

Saxovent focuses on investments and core business in renewable energy.

Luftaufnahme des Unternehmens timpla in Eberswalde

Investments in medium-sized companies in the field of clean energy supply are moving into the investment focus

Berlin, 25. July 2024The Saxovent Smart Eco Investments GmbH announces that they focus more strongly on its core business in the field of renewable energies. As part of a comprehensive consolidation, the company has decided to discontinue its project development activities in the real estate sector, but will continue to invest in exciting projects in its role as an impact investor.

Our decision to divest from the real estate project development sector is part of a strategic realignment, allowing us to focus our commitment and resources more intensively on the growth market of renewable energy.

Carsten Paatsch – Founder and CEO

Saxovent sees itself as a company that enables, validates and manages clean energy supply and technological innovations for a climate-friendly future through its investments in medium-sized companies. This core expertise is now being increasingly focussed on the renewable energy sector.

The focus on renewable energy is a deliberate and strategic decision, aimed at staying true to our core values, while strengthening our position in a market that is not only economically but also socially and environmentally significant.

Carsten Paatsch – Founder and CEO
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Press release from October 18, 2023

Saxovent Group receives up to 70 million euros for refinancing and new wind farm projects in Germany and France.

HANSAINVEST Real Assets finances wind farm portfolio in Germany and first time in France

Berlin, 18. october 2023HANSAINVEST Real Assets is expanding its financial commitment in the field of renewable energies and is investing up to €70 million in a portfolio of 10 planned wind farms in Germany and, for the first time, in France. The mezzanine capital is channelled through subordinated loans and profit participation certificates. The Berlin-based Saxovent Group will use the funds together with its French participation H2air for the development of further windand solar parks as well as for rooftop systems. The mezzanine financing has a term of up to 22 years. The total output of the financed plants in Germany and France amounts to around 183 megawatts (MW).

This transaction results in a significant inflow of liquidity and provides capital for expanding the activities of Saxovent Group as an independent power producer (IPP). We are pleased with the trust shown by HANSAINVEST Real Assets.

Dominik Winau, CFO Saxovent Smart Eco Investments GmbH

HANSAINVEST Real Assets was advised on this transaction by fieldfisher (teams in Munich and Paris), Baker Tilly and TÜV Süd. esmera acted as exclusive financial advisor to the Saxovent Group.

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Press release from July 10, 2023

Saxovent and Ironwood Renewables expand their cooperation as part of the Ironwood Projects joint venture founded in 2019

Joint investments for the expansion of renewable energy projects in the USA

Berlin, July 10, 2023 – Saxovent and Ironwood Renewables, two leading companies in the renewable energy sector, have expanded their long-standing collaboration through their joint venture Ironwood Projects. The contracts for the expansion of the cooperation were signed during a joint offsite meeting in the Black Forest biosphere reserve.

As part of this new agreement, Saxovent will provide millions of euros in further investment for project development over the next five years. The primary goal is to expand Ironwood Renewables’ community solar and utility-scale portfolio from the current 300 MW to 1000 MW. Projects are already being planned in the states of Massachusetts, Pennsylvania, Virginia and Colorado. In addition, further states such as Illinois and California are to be added to the portfolio in the near future.

Project development is a tough business, but with Saxovent as a partner, we are in the right place at the right time to develop high-quality projects.

Adrian Ortlieb, co-founder of Ironwood Renewables

Ironwood Renewables and Saxovent are confident that the expanded cooperation will help to drive forward the energy transition and make a significant contribution to reducing carbon emissions. The joint venture Ironwood Projects will develop durable and sustainable solutions to meet the growing demand for clean energy in the coming years.

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Press release from February 05, 2024

Saxovent welcomes the innovative AgTech startup SpexAI to its investment portfolio.

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Saxovent leads seed investment round for SpexAI and focuses on sustainable cannabis production through AI technology

Berlin, 05.02.2024: Berlin-based Saxovent Smart Eco Investments GmbH is adding a promising new member to its portfolio. The innovative startup SpexAI is revolutionizing legal cannabis cultivation with the help of a combination of artificial intelligence and high-resolution spectral cameras. Together with VIGO Ventures from Poland, TGFS Technologiegründerfonds Saxony and Alumni Ventures (AV) from the USA, Saxovent is the lead investor in the seed investment round, which is primarily intended to strengthen SpexAI’s personnel and infrastructure.

SpexAI has developed a revolutionary camera that takes cannabis cultivation to a new level by detecting pests, diseases and cannabinoid content at an early stage. With the help of artificial intelligence, the information is communicated to the responsible greenhouse operators and targeted measures are suggested using a digital crop consultant. This not only leads to considerable savings in resources, but also optimizes the harvest volume. Following the successful market launch, the company plans to expand its use to other plant species such as strawberries and tomatoes.

Our decision to invest in SpexAI is based on the impressive management team, strong customer demand, and proven product-market fit.

Jesko von Viereck – Head of Corporate Development

SpexAI’s founding team, consisting of technology-experienced CTO Ben Niehaus and CEO Nadine Walther, who specialises in HR and strategy, are combining their expertise to strengthen agriculture and use their technology to bring positive change in the agricultural world. The company was founded in Dresden in 2018 and already has customers in North America, the Netherlands and Australia.

With SpexAI, we are introducing a revolutionary technology in plant cultivation that enables more efficient resource use. With the support of Saxovent, VIGO Ventures, TGFS, and AV, we are now setting a new standard in the market.

Nadine Walther, CEO SpexAI
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