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Acquisition | Distributed energy

Cleanwatts

A DWS-managed infrastructure fund acquired Portuguese energy-community business Cleanwatts, with Verdane exiting its investment.

Acquisition confirmed: 23 Feb 2026Reviewed 12 Oct 2026

The transaction

What happened

Cleanwatts publicly confirmed its new shareholder and 100% ownership on 23 February. Verdane separately confirmed its exit the next day.

The announced business plan envisages approximately €150m of investment by 2030 in decentralised renewable energy and related capabilities. That planned investment is separate from the undisclosed acquisition price.

Evidence behind the record

Public sources

  1. 1. Cleanwatts: ownership change and investment plan

    23 Feb 2026

  2. 2. Verdane: Cleanwatts exit

    24 Feb 2026

Facts are attributed to the public sources above. The Portus view is our interpretation.

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