Impax offers 110MW Dutch solar website
- German pension plan fund Versicherungskammer Group gets project for a concealed sum
Impax Asset Management's renewable energy framework fund has offered the 110MW Vlagtwedde solar farm in the Netherlands to German pension fund Versicherungskammer Group for an undisclosed sum.
The Fund got the Vlagtwedde solar farm, situated in the district of Westerwolde, Netherlands, in August 2019 from Dutch designer Powerfield.
It came with a construction agreement from UK-based professional SolarCentury integrated into the purchase.
The site is composed of 350,000 panels and also covers an area of 100 hectares making it the biggest functional solar farm in the Netherlands to date, according to Impax.
The solar farm is anticipated to create power for around 30,000 households.
Impax associate supervisor within its exclusive equity/infrastructure deal group Hector Boyce stated: "As long-lasting specialist financiers in the renewable energy sector, this project becomes part of our investment viewpoint to add in the direction of the change to a zero-carbon economic situation in Europe.
" From the outset, the project has been developed in close collaboration with neighborhood events with whom we have had a terrific experience.
" Delivering the project on time as well as within budget in spite of the international pandemic is testament to our group's strong commercial skill-set.
" We anticipate building on our system in the Netherlands as well as making more financial investments in this area."
Versicherungskammer principal financial officer Isabella Pfaller included: "We are extremely happy regarding the purchase of this large solar park in the Netherlands and the resulting more regional diversification of our fund portfolio.
" For us, spending additionally means taking duty towards society and the setting."
