Pexapark Infused with Funding Worth €20m in Series C Round

Pexapark Infused with Funding Worth €20m in Series C Round

Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund.

“This fresh injection of capital takes us into the next exciting phase of our mission to equip renewable energy players around the globe with the expertise, processes, and systems to thrive amid evolving market dynamics,” maintained Pexapark Chief Executive, Michael Waldner.

The funding will give an impetus to Pexapark to further innovation, which entails prices for PPAs in Europe, PPA transaction advisory services, and the firm’s energy risk and portfolio management software, PexaOS.

Pexapark Portfolio 

As per Pexapark, these services have been employed by more than 200 firms delving in renewable energy, storage and green hydrogen across Europe. These encompass leading firms like Octopus Energy Generation, Statkraft, Covestro, EDF Renewables, BP

Pexapark says it offers price transparency to 19 markets. The firm claims to aid over 30 GW worth of PPA deals as on date. The firm’s portfolio management software, PexaOS is currently in use by Independent Power Producers and funds looking into the management of 13 GW renewable energy assets across Europe.

Jennifer Webb, Swisscom Ventures Investment Director, reflected, “We have backed Pexapark because it is uniquely positioned globally to support renewable energy market participants in addressing price volatility and regulatory changes, as this market grows and matures.”

Earlier in the year, Pexapark joined Sweden based AFRY management consulting to formally launch the ‘Daily Valuation Curve’, a new pricing data offering that will give investors and lenders greater certainty over the lifetime value of renewable energy projects.