Good Energies
Power for a better world
Investment Portfolio
Good Energies is a leading global investor in the renewable energy and energy efficiency industry and a member of COFRA Group, a privately owned group of companies. The current market capitalization of its investment portfolio is more than four billion Euros (approximately five billion US dollars).
Good Energies has unparalleled expertise, a proven track record and a broad network in the renewable energy sector. It invests across all life cycles of a company and pursues a long-term investment approach. Traditionally, Good Energies focused on wind and solar developments across Western and Central Europe, Canada, and the USA. Now, Good Energies has embarked on a global growth strategy and expanded its mandate by also investing in solar downstream, concentrated solar power (CSP), project finance (wind farms and solar power stations) as well as in load management and green buildings.
By now Good Energies is building a portfolio of development, construction and operating renewable energy assets totaling after completion over 6.0 GW of renewable energy capacity (equaling the production of approximately six nuclear power plants). The current portfolio consists of both direct investments and partnerships with developers in a number of territories.
As a vertically integrated renewable energy company, Good Energies has both technical and financing expertise and seeks to apply these skills to assist developers as a long-term partner and owner of renewable energy generation assets.
Selected investments are:
Solar
Wind
Green Building and Energy Efficiency
Investments in the Developing World
Research and Development / Game Changers
Notable past investments are:
6N Silicon Inc.
6N Silicon Inc. is headquartered in the Greater Toronto Area (Canada) and has developed a disruptive process for the production of true solar grade silicon. The process offers substantial improvements in scale-up-speed, reduced capital cost and reduced operational costs. The company intends on becoming the leading global supplier of solar grade silicon to the solar industry.
The company is a recipient of the Deloitte & Touche Technology Green 15 Award as one of the top fifteen green technology companies in Canada.
Good Energies has been invested since 2008.
Concentrix Solar
Concentrix Solar GmbH, Freiburg (Germany), was founded in 2005 and produces concentrator modules for solar power plants for sun-rich locations. By means of Fresnel-lenses the sunlight is concentrated and reflected onto a small solar cell. The highly efficient solar cells transform the light, which is concentrated with a ratio of 500, directly into electric power.
Concentrix was ranked "Start-up of the Year" by German business magazine WirtschaftsWoche’s Innovation awards 2008.
Concentrix is an early stage investment. Good Energies has been invested since February 2006.
CSG Solar
CSG Solar, Thalheim (Germany) was founded in 2004 and produces Crystalline Silicon on Glass solar photovoltaic modules, so called thin film modules.
CSG is an early stage investment. Good Energies has been invested since January 2005.
Econcern
Econcern, Utrecht (The Netherlands) is the holding company of Ecofys, Evelop, Ecostream and Ecoventures. The mission of these European companies is to ensure “a sustainable energy supply for everyone”. Econcern delivers unique projects and innovative products and services for a sustainable energy supply.
Konarka
Konarka, Lowell/MA (USA) was founded in July 2001 and produces organic PV modules on flexible substrates. Konarka's innovative, light-sensitive products use next generation nano-materials that are printed on rolls of plastic at substantially lower cost than traditional photovoltaics and with many more practical applications.
Konarka is an early stage investment. Good Energies has been invested since January 2005.
Norsun
Norsun, Oslo (Norway) was founded in 2005. NorSun aims to become the leading and most cost-effective producer of mono crystalline ingots and wafers for the international solar industry. Production will be carried out in Årdal – Norway.
Norsun is an early stage investment. Good Energies has been invested since December 2006.
Q-Cells
Q-Cells, Thalheim (Germany)was founded 1999. Q-Cells AG began with the production of silicon solar cells in the first six months of 2001 with only 19 employees. As of 31 December 2006, 964 people were employed at Q-Cells. The company is the second largest solar cell manufacturer in the world, and in a comparison of independent providers, by far number one. In order to expand its sales on the Asian market, it recently opened sales offices in Hong Kong and Japan.
Q-Cells is still in its growth phase and is quoted on the Frankfurt Stock Exchange since October 2005. Good Energies has been invested since November 2002.
Solarcentury
Solarcentury, London (UK), is the UK's leading solar energy company, specialising in the design and supply of building integrated solar technologies. Solarcentury is in business for a purpose: to help create a cleaner world and a sustainable future. Based in London, with operations in the UK, France and Spain, it has installed over 500 solar systems including those on the Eden Project, Vauxhall Cross Bus Terminal and Europe's largest vertical solar facade on the CIS Tower, Manchester.
Good Energies has been invested since August 2007.
Solarfun Power Holdings
Solarfun Power Holdings, Qidong City (China) was established in August 2004 by Linyang Electronics, one of the leading electricity-measuring instrument manufacturers in China. Solarfun is an established manufacturer of both photovoltaic cells and modules.
Solarfun is still in its growth phase and is quoted on Nasdaq since December 2006.
Sunfilm
Sunfilm, Grossröhrsdorf (Germany) was formed in December 2006 by Good Energies and NorSun. It produces PV modules by combining the production efficiencies and resulting cost advantages of ultra large size glass substrates with the higher module efficiencies of dual junction silicon thin film.
Sunfilm is an early stage investment. Good Energies has been invested since December 2006.
Trina Solar
Trina Solar, Changzhou (China) is a leading integrated PV manufacturer in China. The company has achieved a high degree of vertical integration in the solar PV value chain through the production of monocrystalline silicon ingots and wafers and through the assembly of solar modules.
Trina is still in its growth phase. It is quoted on NYSE since December 2006.
Xjet
Xjet is based in Rehovot, Israel. The company’s vision is to redefine solar cells cost efficiency through the introduction of innovative, next generation deposition technologies. Xjet is among the first companies in the world to focus on the solar fab and provide the solar cell manufacturers with dedicated highly efficient tools.
XJet is an early stage investment. Good Energies has been invested since November 2007.
Second Wind Inc.
Second Wind Inc., Somerville (USA) is a leading provider of electronics and software for the utility-scale wind energy industry.
Second Wind Inc. is a growth stage investment. Good Energies has been invested since 2007.
3TIER Environmental Forecast Group
3TIER Environmental Forecast Group, Seattle (USA) specializes in assessing and forecasting the availability of weather-driven renewable resources including hydro, solar and wind.
3TIER is a growth stage investment. Good Energies has been invested since 2006.
C-Free
C-Free Power Corp. is a renewable energy company focused on developing wind power and run-of-river waterpower projects in Western Canada. C-Free Power has offices in Vancouver, Calgary, and Saskatoon.
C-Free is a growth stage investment. Good Energies has been invested since 2007.
Continental Wind Partners
Continental Wind Partners is a leading renewable energy fund operating in Central Europe and Australasia. The primary focus is currently wind energy and CWP has a project pipeline of over 2GW in Central Europe alone.
Good Energies has been invested since April 2007.
Dummuies Windfarm Huntly Limited
This 12 MW wind farm is located on the Mains and East Mains of Dummuies, situated in the south east of Huntly in the Marr area of Aberdeenshire, Scotland and became operational in April 2007. There are seven Vestas turbines and the output has been contracted for purchase by Scottish Power.
Good Energies has been invested since March 2006.
Eolectric
Eolectric is a major player in the early stages of wind project development in Canada with the main focus on Quebec. It specializes in identifying promising areas, securing land rights, assessing the wind resource, building community support and securing permits.
Eolectric is an early stage investment. Good Energies has been invested since 2003.
EverPower
EverPower Renewables is a New York based developer of utility grade wind projects. The Company seeks to identify or acquire early stage development opportunities in the Northeastern and Mid Atlantic Regions of the United States and in other select locations where EverPower believes there is a strong strategic and investment rationale for pursuing project opportunities.
EverPower is primarily a green field developer. By identifying and developing project sites from early stages EverPower seeks to manage the inherent risks of project development and maximize value in the process.
EverPower is an early stage investment. Good Energies has been invested since 2007.
Jasper Wind
Jasper is a renewable energy company that focuses on developing wind and solar projects in Greece as well as nearby countries. It has a pipeline of over 1 GW of wind projects and over 100 MW of solar projects. It also owns two wind farms in Greece that have been operating for approximately 8 years as well as various projects in construction.
Good Energies has been invested since June 2006.
Resolar
Resolar is a renewable energy company that focuses on developing solar projects in Italy and the Mediterranean countries. It has successfully moved various projects in its pipeline into construction in Southern Italy.
Good Energies has been invested since September 2007.
Sequoia Energy
Sequoia Energy Inc., headquartered in Winnipeg, Manitoba is a leading Canadian renewable energy developer. Sequoia is focused on large-scale wind energy projects in western Canada and the U.S. Midwest. Sequoia’s “community first“ approach has been instrumental in demonstrating that wind energy is a safe, reliable, economically sound, environmentally and socially responsible source of energy for North America.
Sequoia's corporate goal is to facilitate a smooth introduction of renewable energy into established energy production and transmission networks, bringing new income and economic opportunity to rural areas.
Good Energies has been invested since 2007.
Western Bio-Energy Limited
Situated in Margam, Port Talbot, Western Wood project is currently under construction. It will have a capacity of approximately 15 MW and will generate renewable electricity from burning clean wood. The project is being built by a Danish consortium and will sell its output to Scottish Power.
Good Energies has been invested since June 2006.
Development, Construction and Operation of Wind and Solar Projects
Good Energies has built a portfolio of development, construction and operating renewable energy assets totaling over 1.2 GW and is continuing to expand its project investments primarily in wind and solar. The current portfolio consists of both direct investments and partnerships with developers in a number of territories. Good Energies supports wind and solar developments across western and central Europe, Canada and the USA.
As a vertically integrated renewable energy company, Good Energies has both technical and financing expertise and seeks to apply these skills to assist developers as a long-term partner and owner of renewable energy generation assets.
Ice Energy
Ice Energy, Windsor, Colorado (USA) is an energy technology company focused on energy storage and advanced cooling. Its product is essentially an energy storage system that draws power from utilities at night (when power is cheaper), turns it into ice and then uses the ice as a coolant during the day. This process reduces the demand for electricity during peak daylight hours.
Ice Energy is a late stage startup company. Good Energies has been invested since 2007.
SAGE Electrochromics
SAGE Electrochromics is a smart glass technology company, founded in 1989, and focused solely on the development and commercialization of electrochromic technology for the building window industry.
SAGE Electrochromics is in its growth phase. Good Energies has been invested since 2007.
ActaCell, Inc.
ActaCell is based in Austin/Texas (USA) with deep roots at The University of Texas at Austin. ActaCell is pioneering refinements to battery technology that will deliver long cycle life at low cost with safety as the number one priority. Still in the development phase, ActaCell’s technology has not been publicly disclosed. Full product and technology announcements will follow in early 2009.
ActaCell is an early stage investment. Good Energies has been invested since July 2008.
G3 Energy
G3 Energy, LLC was founded in 2002 and based in Texas with offices in Dallas and Austin. G3 Energy has more than 500 MW of new projects under development in Texas, New Mexico, Nevada, Pennsylvania and Canada.
In 2005, Good Energies passed on G3 as a successful company to Babcock & Brown, one of the largest investors in wind energy power projects in the U.S. and around the world.
REC
Renewable Energies Corporation (REC) of Norway is a solar energy industry company with a presence across the entire value chain. REC is the world's largest producer of polysilicon, wafers for solar applications and the world's largest producer of solar grade polysilicon and of multicrystalline wafers with revenues of approximately 5 million Euro. Good Energies divested in 2007
Ventus Energy
Ventus Energy, Toronto (Canada) is a developer of wind farms in Canada. Currently, Ventus Energy is developing over 2000MW of potential wind power projects across the provinces of Ontario, Quebec, Nova Scotia, New Brunswick and Prince Edward Island. So far, Ventus Energy has secured land rights to over 400,000 acres of land to develop further projects.
Good Energies divested and Ventus became the platform for North American wind development for energy giant SUEZ in 2007.
© 2008 Good Energies