The wind farm construction industry in the DACH region, comprising Germany, Austria, and Switzerland, is pivotal in facilitating the shift toward renewable energy. Companies involved in this sector range from large corporations specializing in energy solutions to nimble startups developing innovative technologies. Key activities include the design, planning, and installation of wind farms, contributing significantly to local economies and job markets. With the increasing urgency to combat climate change, investments in wind energy are set to soar. The industry is expected to witness advancements in turbine technology and grid integration, which can amplify efficiency and energy output.


This list highlights fourteen notable investors in the wind farm construction sector within DACH. They include corporate giants and investment firms, each characterized by varying headquarters, sizes, and founding years. For instance, Siemens, headquartered in Munich, boasts over 320,000 employees, while Partners Group hails from Zug with a focused investment strategy. Throughout 2024, these investors engaged in notable transactions, emphasizing a strong commitment to renewable energy initiatives, such as those from Deutsche Bank, which led as many as 32 investments.


Top 14 Wind Farm Construction Investors in DACH


1. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. The bank offers a wide range of solutions, including investment banking, corporate banking, cash management, trade finance, and securities services. In 2024, Deutsche Bank was involved in 32 investments, showcasing its active role in the financial market. Notably, Deutsche Bank has participated in significant debt financing transactions for renewable energy projects, such as a $935 million debt raise for Iberdrola, a prominent player in the wind energy sector, and a $940 million debt financing for Greenko Group, which focuses on renewable energy solutions. Additionally, Deutsche Bank led a €335 million loan for Ignis Energía to develop solar projects, indicating its commitment to financing renewable energy initiatives. These transactions highlight Deutsche Bank's involvement in the renewable energy sector, including potential contributions to wind farm construction.


2. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is an investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and is recognized for its innovative approach and commitment to sustainability. In recent years, Partners Group has made significant investments in the renewable energy sector, including the acquisition of VSB Group, a company involved in renewable energy projects, and a majority stake in Sunsure Energy, which aims to enhance its capabilities in executing renewable projects. Additionally, their investment in EnfraGen, a platform focused on power generation in Latin America, highlights their strategy to expand renewable energy assets, including wind energy, thereby reinforcing their position as a key player in the renewable energy investment landscape.


3. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a leading technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates significant revenue and operates globally. The company has made strategic acquisitions to enhance its capabilities in the energy sector, including the acquisition of Pro Integris d.o.o. za inženjering in November 2023, which may bolster their engineering services related to energy projects. Additionally, Siemens has shown interest in renewable energy through its acquisition of Marine Current Turbines in 2012, focusing on tidal power technology, and its involvement in financing renewable energy projects such as Strata Clean Energy and Dimension Renewable Energy in 2024. These transactions indicate Siemens' commitment to expanding its footprint in the renewable energy sector, including potential contributions to wind farm construction.


4. Demeter-Partners


Demeter-Partners is a venture capital and private equity firm based in Berlin, Germany, founded in 2007. The firm specializes in investments aimed at facilitating the energy and ecological transition, supporting innovative startups and small to mid-cap companies with funding and strategic guidance. Demeter-Partners manages a diverse portfolio that promotes sustainable development. Notably, they have invested in Ideol Offshore, which has raised significant funds over several rounds to develop floating wind turbine technology, indicating their active role in the wind energy sector. Additionally, their acquisition of VERGNET, a company focused on renewable energy solutions, underscores their commitment to advancing ecological initiatives, including wind energy.


5. Siemens Financial Services


Siemens Financial Services, based in Munich, Bavaria, Germany, is a corporate investor founded in 1997. As a part of Siemens, a leading technology company specializing in industry, infrastructure, mobility, and healthcare, they provide innovative financial solutions that support digital transformation and sustainability. In 2024, Siemens Financial Services was involved in several significant transactions in the renewable energy sector, including a $550 million debt financing for Clearway Energy Group, which is known for its investments in wind and solar energy. They also participated in debt financing for Aypa Power, raising $190 million, and Onyx Renewable Partners, which secured $100 million. These transactions highlight Siemens Financial Services' active role in financing projects that contribute to the energy transition, particularly in the wind farm construction context.


6. Mercuria


Mercuria Energy Group Ltd. is a global energy trading company based in Geneva, Switzerland, founded in 2004. The company operates in the commodity markets with a focus on crude oil, natural gas, and renewable energy. Mercuria provides trading services and invests in sustainable projects, helping businesses transition to net zero. In 2024, Mercuria was involved in significant transactions, including a $120 million debt financing and a $135 million Series D investment in Fervo Energy, a company likely engaged in renewable energy projects. These transactions highlight Mercuria's commitment to supporting the growth of sustainable energy solutions, which aligns with the objectives of wind farm construction. Their diverse portfolio and strategic investments in renewable energy indicate a potential interest in wind energy projects.


7. Rwe

  • Website: rwe.com
  • Type: Corporate
  • Headquarters: Essen, North Rhine-Westphalia, Germany
  • Founded year: 1898
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: rwe-

RWE is an energy company based in Essen, North Rhine-Westphalia, Germany, specializing in both renewable and conventional energy solutions. Founded in 1898, RWE has evolved to focus on sustainable energy sources, offering services that include energy generation from wind, solar, and hydropower, as well as project management and engineering services. In 2023, RWE enhanced its renewables portfolio in the U.S. by acquiring Con Edison Clean Energy Businesses, which added 8 gigawatts of operating assets and a pipeline of over 24 gigawatts in onshore wind, solar, and battery storage. Additionally, RWE increased its stake in the Rampion offshore wind farm to 50.1%, further solidifying its position in the offshore wind sector. In May 2023, RWE became the sole owner of the 1,560-MW Nordseecluster offshore wind project portfolio, with construction expected to begin in 2025. These transactions highlight RWE's strategic focus on expanding its wind energy capabilities and its active role in wind farm construction.


8. SUSI Partners

  • Website: susi-partners.com
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2009
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: susi-partners-ag

SUSI Partners is an investment management firm based in Zurich, Switzerland, specializing in energy transition infrastructure. Founded in 2009, the firm provides institutional investors, including pension funds and insurance companies, with access to mid-market private infrastructure opportunities. Their focus is on renewable energy, energy efficiency, and energy storage solutions, contributing to climate neutrality. Notably, SUSI Partners acquired a majority stake in APAL MW, a French renewable energy developer, in July 2023, which aims to enhance clean energy development capabilities. They also have a history of supporting various renewable projects, such as their investment in Starling Energy Group, an Australian solar-storage provider, and their involvement with OBE Power, which focuses on EV charging solutions. These transactions highlight SUSI's active role in the renewable energy sector, making them a relevant player in wind farm construction.


9. Verve Ventures

  • Website: verve.vc
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: investiere-venture-capital

Verve Ventures is a Zurich-based venture capital firm founded in 2010, specializing in deep tech investments across Europe. The firm provides funding and strategic support to science and technology startups, particularly in sectors such as climate tech, industrial technology, and health & bio. Notably, Verve Ventures has participated in several relevant transactions, including an angel investment in Agile Wind Power, which raised over $1.9 million in 2012, indicating their interest in wind energy technology. They have also supported Insolight through multiple funding rounds, including a Seed Round in 2018 and a Series A in 2020, which focuses on innovative energy solutions. Their recent investment in Turn2X, a startup developing RNG production plants, further demonstrates their commitment to climate tech and renewable energy solutions.


10. UVC Partners


UVC Partners is a venture capital firm based in Munich and Berlin, specializing in investing in B2B startups across Europe. Founded in 2011, the firm provides financial support and strategic guidance to early-stage companies, helping them grow in competitive markets. Their portfolio includes a diverse range of innovative startups in various sectors. Notably, UVC Partners has invested in fos4X, a Munich-based company focused on fiber optic sensor technology for the wind energy sector. This investment highlights UVC Partners' engagement in the wind energy industry, as fos4X aims to enhance the efficiency and reliability of wind farms through advanced metrology solutions. Additionally, UVC Partners has also invested in Reverion, which further indicates their interest in the renewable energy space. These transactions demonstrate UVC Partners' commitment to supporting technologies that can impact the wind farm construction and operation landscape.


11. Bayern Kapital

  • Website: bayernkapital.de
  • Type: Venture Capital
  • Headquarters: Landshut, Bavaria, Germany
  • Founded year: 1995
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: bayern-kapital-gmbh

Bayern Kapital is a venture capital firm based in Landshut, Bavaria, Germany, founded in 1995. The firm specializes in providing investment and growth capital to innovative high-tech startups and scale-ups in Bavaria. It supports its clients with financial resources and access to a network of industry experts, helping them navigate the challenges of growth and development in sectors such as life sciences and software. Notably, Bayern Kapital has participated in funding rounds for fos4X, a Munich-based company focused on fiber optic sensor technology for the wind energy sector. This includes a €8.2M Series B financing round in 2018 and a €2.3M Series B financing round in 2015, indicating its commitment to supporting advancements in wind energy technology. Additionally, Bayern Kapital's involvement in other high-tech ventures demonstrates its broader investment strategy, which may include opportunities in renewable energy.


12. Phoenix Contact Innovation Ventures GmbH


Phoenix Contact Innovation Ventures GmbH is a corporate venture capital firm based in Blomberg, North Rhine-Westphalia, Germany, founded in 2015. The firm specializes in investing in high-tech startups that focus on disruptive technologies and sustainable solutions. They provide venture capital, advisory services, and networking opportunities to help startups scale and innovate in sectors such as energy and mobility. Notably, they have invested in WindESCo, which raised funds in a Series A round in 2016, focusing on optimizing wind farm operations. Additionally, they have invested in Eologix, a green tech company that raised funds in 2024, which indicates their ongoing interest in sustainable energy solutions. These transactions highlight their commitment to supporting innovations that can enhance the efficiency and effectiveness of wind energy projects.


13. Verbund

  • Website: verbund.com
  • Type: Corporate
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 1947
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: verbundag

VERBUND is an energy company based in Vienna, Austria, specializing in electricity generation and services. Founded in 1947, the company has established itself as a key player in the energy sector, focusing on sustainable energy sources such as hydropower, wind, and solar power. In 2023, Verbund expanded its renewable energy portfolio by acquiring operative wind power plants in Spain from EDP Renewables Europe, S.L.U., which included nine wind portfolios with a total capacity of 257 MW. Additionally, in April 2024, Verbund acquired a wind farm located in Burgenland, Austria. These transactions highlight Verbund's commitment to renewable energy solutions and its strategic focus on wind energy, making it a relevant investor in the wind farm construction sector.


14. Axpo Group

  • Website: axpo.com
  • Type: Corporate
  • Headquarters: Baden, Aargau, Switzerland
  • Founded year: 1914
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: axpo-group

Axpo Group, founded in 1914 and based in Baden, Aargau, Switzerland, is a corporate investor specializing in the energy sector, particularly in the production, distribution, and trading of electricity. The company is dedicated to sustainability and the transition to renewable energy sources. Notably, Axpo has made significant strides in the wind energy sector, highlighted by its acquisition of Volkswind in 2015, which included a portfolio of 31 wind farms totaling 154MW and a robust project pipeline in Germany and France. This move was aimed at strengthening Axpo's position in renewable energies and expanding its market presence in wind power construction and development. In 2023, Axpo also acquired MetanAlpi, further diversifying its investments in the energy sector. These transactions underscore Axpo's active role in the wind farm construction industry, making it a relevant investor in this space.



Wind Farm Construction Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Partners GroupBaar, Zug, Switzerland1001-5000199619
SiemensMunich, Bavaria, Germany10001+184711
Demeter-PartnersBerlin, Berlin, Germany11-5020070
Siemens Financial ServicesMunich, Bavaria, Germany1001-5000199715
MercuriaGeneva, Geneva, Switzerland1001-500020047
RweEssen, North Rhine-Westphalia, Germany10001+18983
SUSI PartnersZurich, Zurich, Switzerland51-20020094
Verve VenturesZurich, Zurich, Switzerland11-50201025
UVC PartnersGarching, Bavaria, Germany11-50201115
Bayern KapitalLandshut, Bavaria, Germany11-50199527
Phoenix Contact Innovation Ventures GmbHBlomberg, North Rhine-Westphalia, Germany1-1020151
VerbundVienna, Vienna, Austria1001-500019472
Axpo GroupBaden, Aargau, Switzerland5001-1000019141


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