Pexapark receives €6m investment boost to advance post-subsidy renewables transition


BACKING has been given by BayWa r.e. Energy Ventures, Encavis, and RP Global to Pexapark’s software and advisory services that help manage financial risk in the post-subsidy renewable energy markets.

Pexapark, a software and advisory services provider for renewable energy sales, has secured additional growth capital to sustain and accelerate its expansion in the global renewable energy markets.

The business has raised €6 million in its Series B funding round, led by BayWa r.e. Energy Ventures, together with Series A investors Encavis and RP Global, the latter also serving as the seed investor.

This latest round of investment brings Pexapark’s overall funding total to €11 million.

Ulrich Seitz, Managing Director at BayWa r.e. Energy Ventures, commented: “We are excited to support the growth of a company that is advancing the renewables industry’s transition toward a post-subsidy market.

“Pexapark has already given companies a great deal of transparency into market risks in Europe via its datasets and software.

“This is a fundamental requirement for the industry in order to adapt to these risks worldwide and drive a global clean energy transition.”

Understanding and managing the financial risks of post-subsidy energy markets is increasingly vital for the renewables industry as it seeks to secure financing to develop new projects across the globe.

New tools and strategies are needed to succeed in this environment, and this latest round of investment by a consortium of industry leaders demonstrates Pexapark’s ‘clear role in helping companies manage this shift.’

Since its inception in 2017, Pexapark has used its unique quantitative analysis technology to develop software to price, analyse, source, and manage power purchase agreements (PPAs).

This ‘quant’ expertise is also channelled into Pexapark’s financial risk and portfolio management tools, alongside wider advisory services designed to help the renewables industry master energy sales and scale up development worldwide to meet global energy demand.

Michael Waldner, Co-Founder and CEO of Pexapark, commented: “I’m incredibly proud of the hard work our team has put behind making Pexapark a leader in software and advisory services for renewable energy sales over the past three years, and humbled by the support our investors, customers and partners provide everyday.

“Our solutions have helped renewable energy firms secure financing via PPAs for over 5GW of projects.

“This new round of funding will help us grow our company to support the successful development of many more gigawatts worldwide.”

Pexapark already works with leading companies, including RWE, Credit Suisse, Vestas, and EEX, across the major markets for renewables in Europe and plans to further expand its global presence.

Luca Pedretti, Co-Founder and COO at Pexapark, added: “The renewable energy industry is entering into a new phase of its development, ultimately paving the way for a fully market-based system.

“This shift is being driven by pioneering companies who are putting financial risk management at the core of their business strategy.

“At Pexapark, we have distilled over twenty years of experience in energy risk management and trading into software tools that give users mastery over these risks, and allow them to make better, faster renewable energy sales.”