DWK Deutsche Wasserkraft: Germany's Sole Run-of-River Hydropower Firm Analyzed

Parmantier & Cie. Research has released its first report on DWK Deutsche Wasserkraft AG, the sole publicly listed German company dedicated exclusively to run-of-river hydropower. DWK develops small hydropower plants in Norway, a market known for its regulatory stability and low taxes. The company has a robust project pipeline exceeding 260 GWh with expected returns over 21%.

A partnership with NordVest enhances DWK's business model with infrastructure funds up to €200 million. These funds provide consistent income, unaffected by electricity price fluctuations. The management team, experienced with over 120 hydropower deals, supports DWK’s strategy of developing, building, selling, or operating plants, offering flexibility across market cycles.

Parmantier & Cie. valued DWK at €5.00 per share using a conservative model. DWK offers reliable green returns in volatile energy markets, accessing an underrepresented asset class.