In December 2018 the ČEZ Group acquired wind turbine projects in Germany with a total potential installed capacity of 190 MW.
INVEN CAPITAL is the biggest investor in tado°, the leader in smart thermostats, alongside such global giants as Amazon and Siemens.
INVEN CAPITAL, CEZ Group’s investment fund investing in promising technology companies in the “new energy” sector, became the biggest shareholder in tado°, the Germany-based leader in the European smart thermostat market. It did so in another round of capital increase with a total volume of EUR 43 million, with participants including “big shots” such as Amazon and Total Energy Ventures. This is INVEN CAPITAL’s third investment made under a joint project with the European Investment Bank (EIB).
INVEN CAPITAL and the European Investment Bank report completing another joint investment, increasing its share in the successful innovative company Cloud&Heat.
INVEN CAPITAL, CEZ Group’s investment fund seeking opportunities in the “new energy” sector, has increased its stake in German company Cloud&Heat Technologies. The Dresden-based expert provides unique solutions utilizing heat from servers for heating and hot water for commercial premises. This is also the second investment made under a joint project with the European Investment Bank (EIB). The first one was investment in French technology company Cosmo Tech in September. INVEN CAPITAL has already made a total of seven investments in the “new energy” sector.
INVEN CAPITAL and the European Investment Bank are making their first joint investment. Their joint fund is acquiring a stake in a company specializing in the optimization of critical infrastructure management.
INVEN CAPITAL, CEZ Group’s investment fund seeking opportunities in the “new energy” sector, has acquired a stake in the French company Cosmo Tech. This is the first new investment made under a joint project with the European Investment Bank (EIB). Together, it is the fund’s seventh investment in the new energy sector.
The German Elevion Group, a member of CEZ Group, will deliver complete central energy systems for combined electricity, heat, and cold generation for BMW Group’s headquarters and production facilities in Munich. The delivery should be completed in the second half of this year.
Negotiations between CEZ and Inercom about fulfilling the contract condition took place from Tuesday March 6th and finished this Friday. The main purpose of the meetings was preparation of documents for the application to the Bulgarian anti-monopoly office (KZK). During the negotiations, representatives of Inercom also presented an official enquiry, if in the current situation there exists a possibility for the Bulgarian state to enter into the transaction.
The CEZ Supervisory Board has granted consent to the sale of the Bulgarian assets to Inercom. The package contains seven companies: CEZ Bulgaria, CEZ Elektro Bulgaria, CEZ Razpredelenie, CEZ Trade Bulgaria, CEZ ICT Bulgaria, Free Energy Project Oreshetz and Bara Group. Following interest of investors in the second half of 2016, CEZ Group started the sales process, the signing of the contract is expected in a few days. Taking into account the sales price, the Group’s fourteen-year-investments in its Bulgarian operations yielded an overall positive return. The international arbitration, which CEZ initiated against the Republic of Bulgaria in July 2016, is not affected by the transaction and ČEZ continues to proceed with it.
Inven Capital is changing its legal form to meet the EIB’s condition for EUR 100 million co-investment
Inven Capital, the investment fund of the CEZ Group, has changed its legal form from a closed-end investment fund to a variable-capital joint-stock company (SICAV). With this step, the company fulfills the condition of the European Investment Bank for creation of a joint investment initiative to support the growth of small and medium-sized enterprises in the clean energy and smart technologies sectors. The agreement on co-financing was signed by both parties in mid-December in Prague. The joint investments shall amount to EUR 100 million.
Prague, 30. January 2018 – CEZ Group wind farms operated in Germany generated nearly 270 million kWh of power in 2017. The Group owns 53 wind turbines in Germany, with their installed capacity totaling some 135 MW.