Bez nových plynových elektráren to nepůjde. Energetiku čeká investiční vlna
Nový závazek EU v podobě odebírání trojnásobného množství plynu v energetice znamená jediné: plyn bude hrát v evropské energetice ústřední úlohu a budou nutné do energetiky značné investice. Evropská unie oznámila nový energetický závazek vůči Spojeným státům, podle kterého by měla každoročně dovážet americkou energii až za 250 miliard dolarů. V roce 2024 přitom EU z USA energetické produkty za přibližně 80 miliard dolarů. Tento závazek, více než trojnásobek dnešní hodnoty dovozů, vyvolává nejen otázky kolem jeho realizace, ale zejména praktické důsledky pro evropskou energetiku. Kdo spotřebuje dovážený plyn? Podstatou problému není jen samotná velikost slíbených dovozů. Evropa má aktuálně dostatečné terminálové kapacity na dovoz LNG z USA, přesto mnohé terminály v posledním roce zůstávaly výrazně pod využitím. Důvodem byl hlavně pokles poptávky po zemním plynu, zejména v elektroenergetice, která mezi roky 2021 a 2024 zaznamenala snížení spotřeby o více než pětinu. Pokud má Evropa nakoupit a odebrat slíbená množství amerického plynu, musí vzniknout nová poptávka. A ta je reálná prakticky pouze v energetice. ,,Plynové elektrárny jsou aktuálně jediný reálný sektor, kde by se mohly tyto nové objemy uplatnit,” uvádí Martin Pacovský, investiční ředitel fondu ARETE Energy Transition. ,,Bude nutné nejen transformovat elektrárny spalující uhlí na plynové, ale postavit elektrárny na zelené louce,” dodává. Nové plynové elektrárny se přitom navrhují jako vodíkově připravené (,,H₂-ready”), což znamená, že budou schopny postupně přejít od spalování zemního plynu ke směsím s vodíkem, až po případné využití čistého vodíku, a budou tedy hrát ústřední úlohu při dekarbonizaci v energetice. ,,Teplárny čeká také optimalizace provozu, kdy nebudou jen vyrábět teplo, ale ve špičkách, kdy cena spotové elektřiny dosáhne vrcholu,” uvádí Pacovský. Nové trendy v energetice tak otevírají zajímavé investiční příležitosti. ,,Energetika se může stát investičním ternem, jako dříve nemovitosti, které měly pravidelně od roku 2015 dvouciferné růsty. Zatímco u nemovitostí se možnost dalšího růstu vyčerpává, v případě energetických investic se nové možnosti otevírají,” zakončuje Pacovský. O skupině ARETE: Investiční skupina ARETE je od roku 2014 profesionálním správcem aktiv, který realizuje investiční řešení pro institucionální a kvalifikované investory ve dvou základních strategiích zaměřených na nemovitosti a energetickou transformaci. Základem investičních strategií skupiny je nastavení a dodržovaní investičních cyklů aktiv a investičních produktů. Součástí úspěšné historie jsou dva již uzavřené investiční fondy, které byly vyplacené s nadstandardním výnosem. V současnosti skupina spravuje fond ARETE INDUSTRIAL zaměřený na investice do kvalitních průmyslových nemovitostí a nově také fond ARETE ENERGY TRANSITION, který bude směřovat investice především do flexibilních zdrojů energie. Oba fondy jsou otevřeny pro investování pouze kvalifikovaným investorům. Více informací najdete na www.arete.eu. Kontakt:PR konzultant, Martin MocTel: +724 724 280Email: moc@prmoc.net
Macro Report_ARETE 06_2025
Macro Report_ARETE 05_2025
ARETE Park Rokycany I Completed, Hutchinson Expands as Final Tenant
ARETE Park Rokycany I, spanning more than 22,000 sqm, has been completed, with the final unit handed over to its tenant – once again the Czech subsidiary of the French company Hutchinson. The company has been operating in the park since last year and has now decided to expand its footprint to occupy nearly one-third of the site. ARETE Park Rokycany I is part of the ARETE INDUSTRIAL fund portfolio. The final unit, measuring approximately 2,500 sqm, is located in the park’s second hall, which has just been completed. The building comprises three rental units with a total area exceeding 15,000 sqm. Hutchinson s.r.o. will lease the last unit, expanding its total space in the park to over 7,000 sqm – nearly one-third of the park’s total leasable area. The total size of ARETE Park Rokycany I exceeds 22,000 sqm. Both halls were developed to meet high technical and environmental standards. This is evidenced by the BREEAM® New Construction sustainability certificate at the “Very Good” level awarded to the first hall. The second hall is currently undergoing the certification process. Once certified, the facilities will rank among the top 25% of comparable buildings worldwide in terms of sustainability. The park also benefits from a prime location directly off Exit 62 of the D5 highway, the key corridor connecting Prague with the German border. Hutchinson s.r.o. is the Czech subsidiary of the French company Hutchinson, part of the global TotalEnergies Group. Since 1994, Hutchinson has operated a production facility in another part of Rokycany, specializing in manufacturing rubber components for the automotive industry, including hoses for air, fuel, oil, and water systems. The company has signed a long-term lease and will share the completed hall with another tenant. Hutchinson is a global leader in vibration control, fluid management, and sealing technologies. The company provides innovative and intelligent solutions to demanding markets, including automotive, aerospace, defense, energy, rail, and industrial sectors. With 40,000 employees in 25 countries, Hutchinson focuses on creating safer, more comfortable, and more sustainable mobility across air, land, and sea – adapting its solutions to environmental challenges. The ARETE INDUSTRIAL fund invests in premium industrial real estate. Its portfolio currently includes 11 industrial parks strategically located across regional hubs with strong infrastructure and labor availability. Geographically, the portfolio is diversified across three countries: 48% in the Czech Republic, 27% in Slovakia, and 25% in Poland. The group is now shifting part of its focus abroad, with new acquisitions planned in the coming months. “We completed construction at ARETE Park Rokycany I on schedule while maintaining high technological and ecological standards,” said Miro Barnáš, CIO of the Real Estate division at ARETE Group. “We are now focusing, among other priorities, on upcoming foreign acquisitions to maximize the overall value of the ARETE INDUSTRIAL fund portfolio,” he added. The ARETE INDUSTRIAL fund is one of the first real estate funds in the CEE region to be classified as “light green” under the EU’s SFDR regulation. For more information, please contact:Miroslav BarnášTel: +421 951 277 366Email: miroslav.barnas@arete.eu About ARETE: ARETE Group has been a professional asset manager since 2014, delivering tailored investment solutions to institutional and qualified investors through two distinct strategies focused on real estate and the energy transition. The foundation of ARETE’s investment approach lies in the disciplined structuring and management of investment cycles across all assets and products. The Group’s strong track record includes two closed-ended investment funds, both fully exited with above-market returns. ARETE currently manages the ARETE INDUSTRIAL fund, which targets high-quality industrial real estate investments, and the recently launched ARETE ENERGY TRANSITION fund, focused primarily on investments in flexible energy sources. Both funds are open exclusively to qualified investors. For more information, visit www.arete.eu.
ARETE INDUSTRIAL Fund Shifts Portfolio Focus, Sells Park Rokycany II and Targets Foreign Acquisitions
In June of this year, the investment group ARETE successfully completed the sale of its premium logistics complex, ARETE Park Rokycany II, to the REICO LONG LEASE fund managed by REICO investiční společnost Erste Asset Management, a.s. This divestment is part of the ARETE INDUSTRIAL fund’s strategy to maximize returns from assets under management. The proceeds from the transaction will be immediately reinvested into new acquisitions and further portfolio development. ARETE Park Rokycany II offers nearly 30,000 m² of warehouse and office space built to high technical and environmental standards. In June 2025, the park also obtained BREEAM® New Construction certification at the Very Good level. A key benefit is the park’s strategic location near the D5 motorway, ensuring excellent logistics connectivity between Prague and the German border. Another attractive element for the buyer was the long-term single tenant – the German logistics company Thomas Duvenbeck Immobilien, part of the British investment group Waterland. “The strategy of the ARETE INDUSTRIAL fund is to generate and deliver the highest possible returns to its investors. By selling ARETE Park Rokycany II, we are freeing up capital that will be promptly reinvested into prepared acquisitions abroad. To maximize the overall value of the portfolio upon the fund’s planned exit in 2027, increasing the share of foreign assets is clearly a positive step – and we are now shifting part of the portfolio focus in that direction,” said Miro Barnáš, CIO Real Estate at ARETE Group. “Another important factor is that this successful sale confirms the liquidity of the fund’s portfolio assets, as well as their fair market value,” Miro Barnáš added. For more information, please contact:Miroslav BarnášTel: +421 951 277 366Email: miroslav.barnas@arete.eu About ARETE: ARETE Group has been a professional asset manager since 2014, delivering tailored investment solutions to institutional and qualified investors through two distinct strategies focused on real estate and the energy transition. The foundation of ARETE’s investment approach lies in the disciplined structuring and management of investment cycles across all assets and products. The Group’s strong track record includes two closed-ended investment funds, both fully exited with above-market returns. ARETE currently manages the ARETE INDUSTRIAL fund, which targets high-quality industrial real estate investments, and the recently launched ARETE ENERGY TRANSITION fund, focused primarily on investments in flexible energy sources. Both funds are open exclusively to qualified investors. For more information, visit www.arete.eu.
TA3 Investment Conference: Energy of the Future
At the “Energy of the Future” conference, hosted by Slovak television TA3 on 25 May 2025, leading energy experts gathered to discuss the outlook for energy prices, energy investment, and energy security across the EU. Martin Pacovský, Chief Investment Officer at ARETE for the ENERGY TRANSITION strategy, was a guest speaker in the opening panel discussion. In his remarks, he focused on two key points: Why he sees natural gas as a critical component of modern energy generation Why investing in flexibility within the energy grid is essential You can watch the full recording of the panel discussion here: Investiční konference TA3 Energie budoucnosti The new ARETE ENERGY TRANSITION fund is built, among other things, on investments in flexible energy sources. The fund will primarily invest in flexible electricity and heat generation based on natural gas, with additional allocations to battery storage systems and renewable energy projects, especially across Central and Western European markets. Over the next four years, the ARETE ENERGY TRANSITION fund plans to invest CZK 5 billion, targeting an annual return of 11–12%.
ARETE Launches New Fund Focused on Flexible Energy Targeting CZK 5 Billion and an Annual Return of 11–12%
Prague, May 20, 2025 | Central European asset manager ARETE has launched a new investment fund, ARETE ENERGY TRANSITION, focused on strategic investments in flexible energy sources — a key pillar of the transformation of the European energy market. The fund will primarily invest in flexible electricity and heat generation based on natural gas, with additional allocations to battery storage systems and renewable energy projects, especially across Central and Western European markets. Over the next four years, the ARETE ENERGY TRANSITION fund plans to invest CZK 5 billion, targeting an annual return of 11–12%. “Energy flexibility is becoming absolutely critical for stable energy delivery, especially as Europe rapidly expands its renewable energy capacity,” said Martin Pacovský, Chief Investment Officer of ARETE Energy Transition. “We want to offer investors the opportunity to participate in the growth of a sector that will be essential to Europe’s future energy security and decarbonization goals,” he added. Investment activities will focus primarily on the Czech Republic, Slovakia, Poland, Germany, and Italy. First project The fund’s first potential acquisition is a combined heat and power plant in Poland. With an installed capacity of 6 MW, the facility supplies electricity and heat to more than 5,000 customers. Thanks to modern technology, it enables highly flexible electricity production during peak pricing periods. “This project perfectly illustrates the type of assets we aim to develop further. The combination of flexible generation and stable, regulated revenues is the core of our strategy,” added Pacovský. In total, the fund plans to invest approximately CZK 5 billion into energy projects over four years. Target Returns and Investment Horizon The fund will utilize conservative bank financing, targeting an annual return of 11–12%. The minimum investment horizon is four years, with investment shares available in Czech koruna or euros. The fund is open to qualified investors, with share classes ranging from CZK 1 million, or EUR 50,000. For more information, please contact:Martin Moc, PR ConsultantTel: +420 724 724 280 Email: moc@prmoc.net About ARETE: ARETE Group has been a professional asset manager since 2014, delivering tailored investment solutions to institutional and qualified investors through two distinct strategies focused on real estate and the energy transition. The foundation of ARETE’s investment approach lies in the disciplined structuring and management of investment cycles across all assets and products. The Group’s strong track record includes two closed-ended investment funds, both fully exited with above-market returns. ARETE currently manages the ARETE INDUSTRIAL fund, which targets high-quality industrial real estate investments, and the recently launched ARETE ENERGY TRANSITION fund, focused primarily on investments in flexible energy sources. Both funds are open exclusively to qualified investors. For more information, visit www.arete.eu.
Macro Report_ARETE 04_2025
Macro Report_ARETE 03_2025
Tariff Blitz: Genius or Madness?
