Blue Elephant Energy acquires 120 MW of Dutch solar projects

• German solar and also wind ranch operator Blue Elephant Energy AG has agreed to obtain six ready-to-build solar projects in the Netherlands with a combined capacity of 120 MWp to broaden its portfolio in the country to 621 MW.

The parks will be situated in the northeast of the nation and also are expected to go online in the second half of this year, balancing out 90,000 tonnes of carbon exhausts yearly, Blue Elephant Energy claimed on Wednesday.

The supplier is Chint Solar which developed the projects and will be in charge of the design, purchase and also construction (EPC) works.

The acquisition will boost the renewables portfolio of the German firm to 1,228 MW. The Hamburg-based power manufacturer establishes and also runs solar and wind farms in eight countries with a focus on Western Europe.

The offer for the Dutch solar package follows Blue Elephant Energy introduced in November a brand-new financial investment partnership with insurance teams Barmenia and also uniVersa. The EUR-50-million financial investment by the insurers and also equity to be offered by the German sustainable power producer, in addition to specific project funding, will promote the possible purchase of solar and also wind parks worth around EUR 300 million (USD 338.04 m).