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Hydropower
Tor Syverud
Head Investment Management | Hydropower
Aquila Capital Hamburg, Germany
"Hydropower benefits from high energy efficiency and the stable predictability of returns."

Key Facts

  • 801m EUR
    transaction volume
  • 468MW
    installed capacity
  • 116
    small scale hydropower plants
  • 84,037t
    CO2-savings in 2017
state 30.06.2018

Hydropower investments by Aquila Capital

Investment strategy
Investment strategy

Aquila Capital’s hydropower investment solutions are increasingly gaining the attention of institutional investors who are attracted by their long-term stable cash flows, low volatility and low correlation with traditional and renewable infrastructure assets. Hydropower is an efficient, low-cost and mature technology that benefits from a high conversion efficiency and if well maintained, can generate electricity for many decades, often for more than 100 years.

Team und Track Record
Team und Track Record

Aquila Capital has been an active investor in hydropower since 2009. Our dedicated hydropower team of industry and financial experts has built an extensive track record with a focus on combining well-founded technical expertise with comprehensive finance industry know-how and an ability to execute transactions successfully. To-date, we have acquired over 100 hydropower plants in Europe, giving us an edge in sourcing and securing hydropower opportunities for our institutional investors base. Thanks to an extensive sector network and long-standing relationships with market participants, Aquila Capital has built a robust portfolio and investment pipeline of operational European hydropower assets. Furthermore, Aquila Capital pursues an active asset management approach and, for example, has merged Norway's largest and second largest small hydropower companies to generate economies of scale.

Investment opportunity
Investment opportunity

With the launch of the Aquila European Hydropower Fund1, Aquila Capital offers investors access to a balanced and diversified portfolio of European hydropower assets in a regulated fund structure that co-invests in hydropower assets with our partners, among which is Europe’s largest pension fund asset manager.

In addtion to investment opportunities in fund structures we also design tailor-made investment solutions in the form of individual mandates or specific investment strategies and implement them for our clients.

1 The official name of the fund is: Aquila Capital European Hydropower Fund GmbH & Co. geschlossene Investmentkommanditgesellschaft and Aquila Capital European Hydropower Fund S.A., SICAV-SIF

Current investment opportunities

Current transactions in Hydropower

Aquila Capital acquires six Norwegian hydropower plants

24/04/2017 - The power plants, located near Bergen, produce approximately 70 gigawatt hours (GWh) of electricity per year.

To Press Release

Aquila Capital to merge Norway’s Småkraft and Norsk Grønnkraft

06/12/2016 - Aquila Capital has reinforced its commitment to Norway by planning to merge Småkraft and Norsk Grønnkraft (NGK).

To Press Release

Aquila Capital wins bid to acquire Småkraft

11/11/2015 - 45 operating plants generating over 500 GWh annually.

To Press Release

Aquila Capital acquires Norway’s second-largest operator of small-scale hydropower plants

13/01/2015 - Norsk Grønnkraft AS operates 33 small-scale facilities located in central and southern Norway.

To Press Release

ABP acquires 33% Stake in Norwegian Plant Operator Tinfos as its First Investment through APG/Aquila Capital Hydropower Venture

18/11/2014 - First investment through APG/Aquila Capital hydropower venture

To Press Release

Our hydropower plants in Norway

Our experts

Head Investment Management | Hydropower
Aquila Capital Hamburg, Germany
Senior Investment Manager | Hydropower & Head Energy Research
Aquila Capital Hamburg, Germany
Senior Asset Manager | Hydropower
Aquila Capital Hamburg, Germany
Head Fund Management | Hydropower
Aquila Capital Hamburg, Germany
Senior Asset Manager | Hydropower
Aquila Capital Hamburg, Germany
Investment Manager | Hydropower
Aquila Capital Oslo, Norway
Investment Manager | Hydropower
Aquila Capital Hamburg, Germany
Asset Manager | Hydropower
Aquila Capital Hamburg, Germany
Investment Manager | Hydropower
Aquila Capital Hamburg, Germany
Investment Manager | Hydropower
Aquila Capital Hamburg, Germany
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