DWS acquires Cleanwatts

DWS's acquisition of Cleanwatts from Verdane represents a strategic move to expand its presence in the solar energy sector. The acquisition, announced in February 2026, involves DWS taking 100% ownership of Cleanwatts, a Portuguese company with a 30 MW solar capacity. DWS anticipates investing approximately €150 million in Cleanwatts by 2030, signaling a long-term commitment to the company's growth and the broader renewable energy market. While the deal value remains undisclosed, the investment commitment suggests a significant valuation and a strong belief in Cleanwatts' potential. This transaction is notable due to DWS's involvement as a major asset manager and Verdane's track record of successful investments in sustainable businesses. The focus on a Portuguese solar company highlights the increasing attractiveness of Southern European markets for renewable energy investments. The acquisition aligns with the growing trend of institutional investors seeking to deploy capital into renewable energy assets, driven by both environmental concerns and the potential for attractive returns. The investment commitment by DWS indicates a strategic intent to scale Cleanwatts' operations and capitalize on the expanding solar energy market.