Alterric GmbH

Company posts

Shareholders thank Dr Frank May: CEO concludes a successful tenure at Alterric

Alterric CEO Dr Frank May is leaving the company at the end of his contract on 31 March 2027. The shareholders, EWE AG and the Aloys Wobben Foundation, regret his decision and pay tribute to his work. May cites personal reasons.

Dynamics

Alterric increases syndicated green credit line to EUR 350 million

Alterric increases its syndicated green credit line from EUR 300 million to EUR 350 million. Crédit Agricole CIB strengthens its consortium with Commerzbank and ING; the unsecured facility, agreed in 2025, runs for three years with extension options and supports the project pipeline.

Dynamics Energy Private Debt

Cabinet decision on EEG amendment and grid connection package: Alterric warns of serious setback for Germany as an industrial location

The German government has adopted the 2027 amendment to the Renewable Energy Sources Act (EEG) and the grid connection package in the cabinet. Alterric criticizes higher costs, uncertainty and investment risks and calls for improvements in the Bundestag. The company assesses facilitations for co-location positively.

Energy Regulatory Statements

Alterric secures contract for all submitted projects with a total of 242 MW of installed capacity in the EEG tender

Alterric was awarded the contract for all six submitted projects in the May tender of the Federal Network Agency for onshore wind energy – a total of 242 MW in five federal states. The wind farms are scheduled to be connected to the grid in 2028, and some projects are being developed with partners.

Dynamics Energy

Danger for the industrial location: Alterric warns against full braking in wind power expansion

Alterric warns: Delayed EEG 2027 reform and a grid connection package with redispatch reservation without compensation jeopardize new wind projects and the energy supply of industry. Calls are being made for rapid network expansion, more tenders in the south and tightened up CfDs.

Energy Regulatory Statements

Ingmar Schmitt becomes CFO at Alterric

Alterric appoints Ingmar Schmitt as CFO as of July 1, 2026, completing the management team led by CEO Dr. Frank May and COO Christian Karst. The financial expert has almost 30 years of experience, most recently as interim CFO of the Tank & Rast Group.

Dynamics

Making the market for reactive power more efficient: Study sees potential for relief in grid charges

A study by Alterric and E-Bridge shows deficits in the young market for the procurement of reactive power: fragmentation, lack of standards and transparency. Four short-term measures are intended to strengthen efficiency and competition and thus relieve grid charges for industry and households.

Energy Infrastructure Markets

Alterric brings first battery storage system to the grid and strengthens its role as a system player

Alterric has put its first battery storage system into operation at the Oslebshausen wind farm near Bremen. The 2-megawatt storage system smooths the feed-in and reacts quickly to grid requirements. Six other projects over 100 MWh are being implemented, two are already under construction.

Developments Energy