ASE acquires SEW's solar service

• The acquisition includes a pipeline of around 750MWp

AMPYR Solar Europe (ASE) has actually obtained Netherlands-based SolarEnergyWorks' (SEW's) solar business.

This consists of an extremely experienced group of 15 professionals and also a high-potential asset pipe of 100MWp of all set to develop as well as 650MWp of under-development assets.

Following this acquisition, AMPYR Solar Europe will certainly have a development pipe of solar PV assets of over 1GWp in the Netherlands, and also an aggregate development pipe of 6GWp including Germany and UK, relocating AMPYR Solar Europe a step more detailed to its objective of being a leading independent solar power producer in Europe.

After this acquisition, AMPYR Solar Europe will expand its group toughness to 22 individuals in the Netherlands as well as include Utrecht as an additional office area.

In total amount, AMPYR Solar Europe now employs 60 people throughout its procedures in the UK, the Netherlands as well as Germany, and also has a consolidated large-scale solar project pipe of over 6GWp.

" SEW has effectively set up a portfolio of high-quality solar energy generation assets throughout the Netherlands, therefore we are delighted to have completed this acquisition," said Alexander Koeman, Handling Supervisor of AMPYR Solar Europe Netherlands.

" The acquisition of SEW complements our existing Dutch business quite possibly as well as will certainly help increase our long-lasting plans in regards to portfolio growth, skill enhancement, local existence and also the renewable resource transition in general."

Rajesh Gathala, CEO of AMPYR Solar Europe as well as AGP Companion, added: "As a growing business, we remain to seek solid asset pipes and high-quality teams and also in SEW we located that ideal match. This acquisition better increases ASE's plan to release considerable funding in this sector in the close to term as we continue our trip in coming to be a market leading driver in Europe."

Eric van der Gun, SolarEnergyWorks founder, commented: "Locating a customer with the appropriate viewpoint as well as perspective was as important a part of our selection as its financial strength. In AMPYR Solar Europe, we have actually located a business with complementary capabilities, matching DNA and vision on the advancement of the solar sector in the Netherlands.

" I am positive that the expanded business will certainly bring a high quality and also expanded portfolio of Dutch solar assets to fruition."