SolarQuarter Global’s Post

Earlier this year, we advised Nature Infrastructure Capital on the raise of the single-asset fund for their 50/50 joint venture with X-ELIO, a portfolio company of Brookfield, for their investment in ECO STOR GmbH, a leading German developer and operator of utility-scale battery projects. In conjunction with the new joint venture, Harris Williams advised NIC on their raise of the single-asset fund that will support ECO STOR’s near-term funding needs. X-ELIO is one of Europe’s largest renewables developers, and the JV aims to finance the construction of an advanced development pipeline of battery storage projects across Germany. The company’s investment thesis is underpinned by a growing requirement for flexible capacity on the German grid. There are strong tailwinds supporting an ambitious build-out of renewable electricity generation capacity with a view of reducing gas dependency, increasing the need for batteries to provide flexibility to the grid. Additionally, investors were attracted to the opportunity to back a market leader and early mover in the build out of battery solutions in Germany. We look forward to seeing what ECO STOR accomplishes in their next chapter under the ownership of NIC and X-ELIO. https://lnkd.in/eDu6BJ43 #privatecapitaladvisory

Mielenkiintoinen tämä FREYR Batteryn lähtö mukaan aurinkoenergiateknologian valmistukseen. Sinänsä tuollainen "integrated U.S.-owned and operated solar and battery storage company" kuulostaa tietysti hyvältä, mutta jos nyt Northvoltin kokemuksista jotain johtopäätöksiä voisi tehdä, niin kannattaisiko ensin laittaa se akkuvalmistus kunnolla käyntiin. Mutta ehkä tämä investointi vauhdittaa akkutuotannon käynnistämistä: "FREYR Battery today [Dec 24, 2024] announced the closing of the Company’s acquisition of the U.S. solar manufacturing assets of Trina Solar Co Ltd. in accordance with the previously communicated timeline. ...The Transaction creates a commercial and operating platform to establish a leading integrated U.S.-owned and operated solar and battery storage company with a pathway for value enhancing growth. ...The transaction leverages Trina Solar’s global leadership in the solar and the renewable energy industries, established U.S. commercial presence, global supply chains, advantaged technology, and a strong track record of manufacturing and project execution for U.S. customers." #akkuteollisuus #FREYRbattery #TrinaSolar https://lnkd.in/dbzyinxi

📢 Client work! Our team in the Netherlands led by Liesbeth Buiter has advised longstanding client Blue Elephant Energy GmbH (BEE) on the acquisition of a solar PV portfolio in the Netherlands from Dutch developer TPSolar Nederland B.V.. This acquisition adds three solar PV parks with a combined capacity of approximately 88 MWp to BEE’s portfolio, consisting of projects at varying stages of development and operation across the Netherlands. Once fully commissioned, the three solar parks will make a significant contribution to achieving the Netherlands' ambitious climate targets by 2035, with an expected annual saving of 48,830 tonnes of CO₂ emissions and 38,493 m³ of water. Working alongside Liesbeth our team included Lotte de Bruin, Niels Kuil, Liselotte Hommels, Dilan Ata, Pieter Leefers, Wouter Fonteijn,Charlotte Davidson-Horsten, Esmée Oldenkamp, Stern Flik and Alec Sanderson. Find out more: https://lnkd.in/ebKi5UGU #Solar #Acquisitions #EnergyAndInfrastructure #SolarEnergy #RenewableEnergy #EnergyTransition

Severn Trent Green Power (STGP) has acquired the circa 25 MWp Church Farm solar scheme in Shropshire from Elgin Energy for an undisclosed price. Savills Earth Capital Advisory advised STGP on the acquisition.

Solarfix NI Ltd has successfully acquired €1.8m in a funding package from Whiterock to increase its presence in the UK and Ireland. https://lnkd.in/dJZZ2MTt #solarenergy #renewableenergy #solareurope

EQT, a global investment firm headquartered in Sweden, has announced that EQT Transition Infrastructure has agreed to acquire Scale Microgrids, a vertically integrated developer, acquirer, owner, and operator of microgrids and distributed energy resources from Warburg Pincus and other existing shareholders. Scale Microgrids performs services for commercial & industrial (C&I) projects, EV fleets, and data centers, working with a variety of municipal, university, hospital, and agricultural customers, developers, and communities. Headquartered in Ridgewood, New Jersey, Scale’s portfolio consists of roughly 250 megawatts (MW) of operating and in-construction assets, with another 2.5 gigawatts (GWs) in its near-term pipeline. Scale deploys a variety of technologies including solar PV, battery energy storage, natural gas generators, fuel cells, and combined heat and power. https://lnkd.in/gKPXPU_w Capital Innovations, LLC #EnergyTransition

Earlier this year, we advised Nature Infrastructure Capital on the raise of the single-asset fund for their 50/50 joint venture with X-ELIO, a portfolio company of Brookfield, for the investment in ECO STOR, a leading German developer and operator of utility-scale battery projects. In conjunction with the new joint venture, Harris Williams advised NIC on their raise of the single-asset fund that will support ECO STOR’s near-term funding needs. NIC’s focus on the global energy transition market, their transparent and detailed approach, and ECO STOR’S strong management team and ambitious growth plan made this a very attractive opportunity to investors. There are strong tailwinds supporting an ambitious build out of renewable electricity generation capacity with a view of reducing gas dependency, increasing the need for batteries to provide flexibility to the grid. We look forward to seeing what ECO STOR accomplishes in their next chapter under the ownership of NIC and X-ELIO. https://lnkd.in/eaXJsu9X #privatecapitaladvisory

Nordic Solar sells solar park in France, thus completing its third strategic divestment in 2024 ☀️ Nordic Solar A/S has successfully signed a share purchase agreement for Montmayon, a 2.8 MW solar plant in France. The transaction marks Nordic Solar’s first divestment in France and aligns with the company's strategy to refocus its operating portfolio on core markets while recycling capital to continue investing in large-scale solar parks. “The first divestment of a solar park in France, as well as completing the second sale within a few weeks, is a significant achievement for us. It demonstrates our ability to execute our divestments and shows that our organization is well-equipped to deliver on the strategy laid out. These divestments are also a good example of our commitment to generating long-term returns for our investors. We have operated the plant for 8  years, with strong performance figures and concluded the process with a divestment to enhance growth and capital recycling,” says Chief Investment Officer Holger Bang. Nordic Solar remains committed to optimizing its portfolio and is actively evaluating opportunities to divest additional assets in the near future. With a total of three divestments executed in 2024, this will represent the highest number of divestments completed in a single year in the company's history.

Innova has successfully completed on the sale of Ducklington Solar to Schroders Greencoat LLP. This marks the fifth Innova project sold to Schroders Greencoat, bringing the total capacity within our partnership to over 110MWp. Christian Miller, Investment Manager at Innova, said: “This acquisition represents over 110MW of solar projects now sold to Schroders Greencoat as our strategic investment partners, which contributes significantly towards our goal to deliver the UK’s Net Zero target.” Matthew Yard, Co-Head of Solar & Storage at Schroders Greencoat, said: "The CfD-backed project underscores our commitment to delivering long-term, inflation-linked returns for our investors while also accelerating the UK’s transition to a low-carbon future." Ducklington Solar secured planning consent in March 2022. Construction is due to commence in Q1 2025, with generation targeted for early 2026. Find out more in our press release here: https://lnkd.in/eBwxPJsf #innova #schrodersgreencoat #thesmartfutureofgreenenergy

Earlier this year, we advised Nature Infrastructure Capital on the raise of the single-asset fund for their 50/50 joint venture with X-ELIO, a portfolio company of Brookfield, for the investment in ECO STOR, a leading German developer and operator of utility-scale battery projects. In conjunction with the new joint venture, Harris Williams advised NIC on their raise of the single-asset fund that will support ECO STOR’s near-term funding needs. NIC’s focus on the global energy transition market, their transparent and detailed approach, and ECO STOR’S strong management team and ambitious growth plan made this a very attractive opportunity to investors. There are strong tailwinds supporting an ambitious build out of renewable electricity generation capacity with a view of reducing gas dependency, increasing the need for batteries to provide flexibility to the grid. We look forward to seeing what ECO STOR accomplishes in their next chapter under the ownership of NIC and X-ELIO. https://lnkd.in/e_8dR7pp #privatecapitaladvisory