Luxcara has signed a capacity reservation agreement with Siemens Gamesa for the Waterekke offshore wind project in the German North Sea. The 1.5 GW offshore wind project will deploy 97 turbines of 15.5 MW each, to be supplied by Siemens Gamesa. The project is reportedly scheduled for commissioning by 2029.
In June 2025, Luxcara acquired a 520 MW battery energy storage project in Waltrop, North Rhine-Westphalia, Germany, on an unused site that was formerly designated to develop a coal-fired power plant.
Luxcara, founded in 2009, is a German independent asset manager focused on clean energy infrastructure. The company has a portfolio of around 6 GW of renewable projects spread over 12 countries, with an investment volume of more than €7.5 billion.