DGAP-News Blue Elephant Energy expands its PV portfolio in the Netherlands by 120 MW
DGAP-News: Blue Elephant Energy AG / Key word(s): Contract
The acquired portfolio consists of six photovoltaic parks located in the north-east of the Netherlands. Commissioning is planned for the second half of 2022. The seller Chint Solar developed the solar parks with the support of regional development partners as well as provincial and municipal support. CHINT is also taking on the role of lead EPC.
With an annual saving of 90,000 tons of CO2 emissions, the solar parks in the portfolio contribute to achieving the climate targets set in the Netherlands by 2035.
By acquiring the six PV parks, BEE expands its portfolio to 621 MW in the Netherlands and to 1,228 MW worldwide.
Tim Kallas, Chief Investment Officer of Blue Elephant Energy, comments: "We are pleased to add another 120 MW to our growing solar portfolio in the Netherlands with this transaction. The acquisition strengthens our overall portfolio and allows us to be part of the renewable energy expansion path in the Netherlands. With Chint, we have a long-standing partnership and a reliable partner on site."
Oliver Schweininger, Managing Director/CEO of Chint Solar Europe: "We are very proud that by developing six more solar parks, we significantly contribute to a future of sustainable and clean energy in the Netherlands. Blue Elephant Energy and Chint Solar share that same ambition, so we are very pleased to have sold our portfolio to them again."
About Blue Elephant Energy AG:
Blue Elephant Energy AG (BEE) develops, acquires, and operates solar parks and wind farms in eight countries with a focus on Western-Europe. Founded in 2016, BEE is currently operating a renewable energy portfolio of 1,228 MW, part of which is under construction. BEE's renewable energy assets contribute to a sustainable energy supply by saving 800,000 tons of CO2 annually and providing 335,000 households with clean energy. As part of its ESG strategy BEE directly contributes to social projects on a local level, particularly in Chile and in the Dominican Republic. BEE has secured around 1.500 MW of further solar farm capacity in the context of (co)-development agreements with a limited range of developers. With equity provided by BEE's shareholders and participation rights capital provided by medium sized insurance companies, BEE has been able to invest around EUR 1.2 billion since inception.