Impartial Energy Producer AMPYR Photo voltaic Europe (ASE) has acquired Netherlands-based SolarEnergyWorks (SEW) and its 750MWp asset pipeline of ready-to-build and under-development property.
The transfer establishes ASE as one of many largest photo voltaic builders within the Netherlands, based on the corporate
SEW’s asset pipeline consists of 100MW of ready-to-build and 650MW of under-construction tasks. In buying the corporate, ASE will broaden its growth pipeline to over 1GW within the Netherlands alone, and 6GW in whole together with its Germany and UK tasks. 15 members of SEW employees had been additionally part of the acquisition.
“The acquisition of SEW enhances our present Dutch enterprise very properly and can assist speed up our long-term plans by way of portfolio progress, expertise addition, native presence and the renewable vitality transition typically,” mentioned Alexander Koeman, managing director of AMPYR Photo voltaic Europe Netherlands.
Rajesh Gathala, CEO of ASE, added: “This acquisition additional accelerates ASE’s plan to deploy important capital on this sector within the close to time period as we proceed our journey in changing into a market-leading operator in Europe.”
Co-founder of SEW, Eric van der Gun, mentioned of the deal: “In AMPYR Photo voltaic Europe, we’ve discovered an organization with complementary competences, matching DNA and imaginative and prescient on the event of the photo voltaic business within the Netherlands. I’m assured that the expanded firm will carry a top quality and expanded portfolio of Dutch photo voltaic property to fruition.”
ASE has been increasing its European portfolio all through 2022. In February it secured a €400 million (US$397 million) mortgage facility with CarVal Buyers for use to put in over 2GW of photo voltaic PV throughout the continent by 2025, and In June it agreed to put in a pipeline of over 200MW of photo voltaic PV in partnership with German developer Belectric within the subsequent two years.
The London-headquartered firm has consolidated the vast majority of its property within the UK, Germany and the Netherlands, and employs 60 individuals throughout these operations, nevertheless its said aim to turn out to be a “market-leading operator in Europe” may see enlargement into different nations on the continent after the completion of its pipeline tasks in 2025.