|Key consolidated figures (millions of euros)||2019||2018|
|Capital and reserves|
|Capital and reserves, total||1,328.6||1,306.9|
|Debenture loans and amounts owed to credit institutions||500.0||711.1|
|Net profit for the year||67.9||63.9|
|Thereof minority interests|
(Drawn up: 13th May 2020)
Corporate Social Responsability
Annual Reports for Creos Luxembourg
Annual Reports for Enovos Luxembourg
Sustainable finance for sustainable projects
More and more investors are looking for sustainable investments. They want to make sure that their money will be used for projects that bring value to the world and their communities, like e.g. protecting the environment, developing renewable energy or supporting social inclusion. The proceeds of a Green Schuldschein, just like the one of green bonds or other green loans, can exclusively be invested into projects that are considered to be sustainable. To ensure the good use of the funds provided, green loans are frequently certified by a Second Party Opinion (SPO).
In alignment with Encevo’s strategy and sustainability vision, the company issued in 2018 a Green Schuldschein of EUR 250 million to finance and refinance projects in the field of either renewable energy, energy transmission, distribution & smart grid, sustainable real estate or clean transportation solutions. All these projects contribute to the group’s overall sustainability strategy related to greenhouse gas emissions reduction, renewable energy and improvements in the efficiency of energy infrastructure.
Encevo is very proud to have been awarded the mtn-I “Deal of the Year” for issuing the largest Green Schuldschein 2018. The goal of mtn-i awards is to recognise where the MTN (« Mid-Term Note ») market has created most value for issuers, dealers and investors as it keeps adapting and evolving solutions that meet their needs.
Geared towards the future, the Encevo Group has already deployed a number of innovative solutions across its markets. Our efforts toward the energy transition provide bold opportunities to develop dynamic partnerships with innovative and fast-growing companies. With this in mind, our in-house venture investment capabilities are geared at enforcing ties with early stage companies.
Beyond investment, the Corporate Venture Capital team is also an access point for startups who want to partner on project and solutions, thereby supporting Encevo Group’s open innovation approach
Each year, we plan to perform a limited number of direct, hand-picked, equity investments into European ventures during their international expansion stage – usually referred to as a Series A funding round – accelerating their initial market traction.
We focus on targets enforcing strategic connections with the Group’s operations, while investing as co-lead or follow-on investor alongside like-minded international partners – and, last but not least ensuring market-leading return on our portfolio.
Our areas of interest cover our entire value chain, from up to downstream:
The following sub-topics, which are regularly reviewed, include:
We foster cooperation not only between our business units and our portfolio companies (at the right intersect of maturity) but also across our portfolio companies, when relevant. Such should be considered as a strategic complement to the potential that our portfolio companies will organically develop aside from our input.
Our current portfolio companies are:
Energiency is a leading player in the AI-based industrial energy performance analytics. It currently delivers outstanding performance to tier one customers in the steel, glass, paper and chemicals verticals.
Ampacimon has the largest installed base in Dynamic Line Rating for TSO and is expanding its offering in the mid-voltage grid segment.
The Technoport promotes and supports the creation and development of innovative and technology-oriented companies in Luxembourg. Encevo is a Senior Partner of the Technoport.
Cleantech Scandinavia is the leading promoter of sustainable innovation in the Nordic and Baltic markets.
The Luxembourg Open Innovation Club is an initiative dedicated to the development of business relations between large accounts, intermediate-sized enterprises and innovative startups through open innovation.
The Luxembourg Private Equity and Venture Capital Association (LPEA) is the representative body of private equity and venture capital practitioners with a presence in Luxembourg. With 240 members, LPEA plays a leading role locally actively promotes PE and VC in Luxembourg.
We are actively scouting promising solutions within the scope defined above. Feel free to send us an outline of your project (e.g. pitch deck, investment memorandum) together with your contact details using the following email address.