CYCAP, an asset manager specializing in renewable energies, is restructuring its management structure in the Asset Development division as part of its growth trajectory: Dr. Ole Jürgens will take over the position of Chief Development Officer (CDO) with immediate effect and thus overall responsibility for Asset Development, Technical Asset Management, EPC-M and HSSE. In the future, Frank Grafe will focus on complex work on the ground – with the network that has been built up over decades with municipalities, local politics and property owners – and will remain Managing Director of the project-related companies and other CYCAP companies.
Asset development - an important value driver of CYCAP investment funds
As the operator of Germany's largest repowering fund, CYCAP is currently repowering at least 29 existing plants – financed by a unique banking club financing of EUR 1.6 billion, which received several awards in 2026. CYCAP also offers a Core Plus strategy that can generate attractive risk-adjusted returns for investors through hybridization and expansion of its own grid connection points. The further development of the repowering and hybridization business and the associated investment funds are at the center of this listing. "We have two core competencies, both of which must be managed at the highest level. This is the consequence of our growth and the right basis for what we are planning with our repowering and hybridization funds," says Detlef Schreiber, CEO of CYCAP.
About Dr. Ole Jürgens
Dr. Ole Jürgens has been with CYCAP since 2019 – as Senior Investment Manager, Head of Project Development and most recently Head of Technical Management. He has built up the Asset Development division together with Frank Grafe since 2023 and brings with him the process and structuring expertise that a growing portfolio of this complexity requires today. Previously, he was Managing Director and Authorized Signatory at a renewable energy project developer as well as a research assistant at the University of Heidelberg, where he received his doctorate in economics. He holds degrees in business administration and economics from Kiel University.
"I am very pleased about the trust placed in me. Repowering and hybridization are complex because they take place on living systems: current funds, existing contracts, existing assets. My aim is to systematically and reliably tap into the next stage of value creation from our existing portfolio and thus achieve excellent results for our investors," adds Dr. Ole Jürgens, CDO of CYCAP.
QUOTES:
Detlef Schreiber, CEO of CYCAP: "Repowering and hybridization from existing buildings are among the most complex tasks in the renewable energy market – because they require investment, technology and development logic at the same time and the transitions between the departments must be precisely managed. Repowering also requires an intensive presence with property owners and municipalities. The current political environment in particular shows how crucial it is to build trust with local decision-makers at an early stage – this is not a side job, but a core competence. With this appointment, we have strengthened both areas in the best possible way."
Dr. Ole Jürgens, CDO of CYCAP: "I am very pleased about the trust placed in me. Repowering and hybridization are complex because they take place on living systems: current funds, existing contracts, existing assets. My aim is to systematically and reliably tap into the next level of value creation from our existing portfolio and thus achieve excellent results for our investors."
