Sunvest and TREF build two large solar parks in the Netherlands

Press release, 15 May 2020

Sunvest and Triodos Renewables Europe Fund will jointly build two large solar parks in the municipality of Midden-Groningen, with a total capacity of 112 MWp. Sunvest was supported by Green Giraffe for the development and financing of the projects.

On 15 May, the financing has been completed for Energiepark Duurkenakker. The solar park located in the Tussenklappenpolder near Muntendam, is approximately 44 ha (88 football fields) and will consist of more than 160,000 solar panels. The park will provide enough power for 20,000 households. The project is financed by Commerzbank and Goldbeck Solar will build it. Construction will take approximately 6 months and the project will supply first power to the grid in October / November this year. The project was developed by Sunvest and Solar Proactive. Triodos Renewables Europe Fund recently joined as a financial partner. Sunvest and Triodos Renewables Europe Fund will build and operate the project together.

At the end of last year, Sunvest and Triodos Renewables Europe Fund also took over the Zuidbroek solar project from developer Van der Valk International. Zuidbroek Energie is 39 ha in size and will contain approximately 120,000 solar panels. The generation capacity of the park equals the electricity consumption of 15,000 households. Zuidbroek Energie is located along the A7 and next to the Van der Valk hotel Zuidbroek. Zuidbroek Energie is expected to be built in 2021/2022 as additional grid capacity must first be built in the substation at Meeden.

Rene Hanssen, director Sunvest: “We are very happy with this result. The development of Energiepark Duurkenakker was particularly complex due to the continuously changing environment with the construction of wind turbines and the nitrogen factory. Another special feature is that a large wind turbine will be located in the middle of the solar park, making efficient use of the location for the generation of sustainable energy.”

Vincent van Haarlem, Fund Manager Triodos Renewables Europe Fund : “In good cooperation with Sunvest, we can now enable the construction of these leading projects. With more than 280,000 solar panels, the realization of these solar parks is an important step towards the generation of more sustainable energy in the Netherlands and as such, an important contribution to catalyzing the much needed energy transition.”

About Sunvest

Sunvest is a 100% Dutch-funded project developer specialized in the development and operation of solar energy systems. Sunvest develops and operates a large number of solar energy projects located throughout the Netherlands. Sunvest distinguishes itself by developing “natural solar parks”. Natural solar parks are parks with a great deal of attention to landscape and social integration. Sunvest is a subsidiary of ProfiNRG and was supported by Green Giraffe for the development and financing of the projects.

About Triodos Renewables Europe Fund

Triodos Renewables Europe Fund offers investors the opportunity to actively contribute to the energy transition in Europe. Launched in 2006, the fund invests with equity and / or subordinated loans with the aim of enabling projects in the field of sustainable generation, energy efficiency and flexibility. Triodos Renewables Europe Fund is managed by Triodos Investment Management. Triodos Investment Management is a globally active impact investor and a wholly owned subsidiary of Triodos Bank NV.