Impax sells the Netherlands’ largest solar farm

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
SolarCentury completed the Vlagtwedde solar farm in October 2020. Image: Solarcentury.

Solar asset manager Impax has sold the Netherlands’ largest solar plant to a German pension fund, following its completion by a UK-based contractor last year.

Pension fund Versicherungskammer Group bought the 110MWp Vlagtwedde solar farm, located in the municipality of Westerwolde, with funds managed by Encavis Asset Management.

Impax had originally acquired the farm from the project’s Dutch developer Powerfield in August 2019.

The project was completed by UK-based contractor SolarCentury last summer, and comprises of 350,000 panels across 100 hectares, making it the largest operational solar plant in the country. The second largest solar farm, the 101MWp Stadskanaal facility, was completed by German solar engineering, procurement and construction (EPC) provider Greencells last month.

Hector Boyce, an associate director within the Impax Private Equity/Infrastructure Transaction team, said the project has been developed in “close cooperation with local parties with whom we have had a great experience”, and said the group would continue to look for solar investments in the Netherlands.

Isabella Pfaller, chief financial officer at Versicherungskammer, the pension fund, said the acquisition of the solar park would improve the fund’s “regional diversification”.

Elsewhere in the Netherlands, Shell’s New Energies division has awarded an EPC contract to another UK-based developer, Anesco, for a 30MWp solar farm in Sas Van Gent-Zuid, close to the border with Belgium. 

It follows the completion of Anesco’s first solar projects outside of the UK last year; a 12MWp facility in Emmen and a 14MWp installation in Friesland. Shell and Anesco had previously joined forces on a utility-scale battery storage project in the UK in 2019.

Work on the solar farm is expected to commence site work towards the end of March this year.

Anesco will also oversee the operations and maintenance (O&M) of the farm when it comes online, and will play an “integral role” in Shell New Energy’s growth in the coming years, the company said in a statement.

1 December 2021
Join this virtual conference on 1-2 December 2021 for expert presentations covering PV Module Technology, Supply & Site Optimisation for Utility-Scale. Delegates can access streamed presentations, session recordings and chat/messaging tools to connect with fellow delegates and speakers. Speakers include leading developers, manufacturers, testing and research institutes, including: NREL, Silicon Ranch, Sonnedix, Heliene, Powertis, LONGi Solar, JinkoSolar, PVEL, Risen Energy, Seraphim, STS, Trina Solar, Eternalsun Spire, QEERI, Fraunhofer, Estuary Capital Partners and VDE

Read Next

November 29, 2021
The economic viability of deploying thin-film floating solar systems at offshore locations is being explored by a new collaborative study in the Netherlands.
November 15, 2021
German energy major RWE has entered into a transaction related to the divestment of parts of solar EPC service provider Belectric.
November 8, 2021
Andor Savelkouls and Jonathan Bell of Altenex Energy, a subsidiary of Edison Energy, assess the flaws in how corporates currently procure renewable electricity, and how slight tweaks to the system can make it more accurate and cleaner.
November 4, 2021
The installed cost of solar PV, solar-plus-storage and standalone battery energy storage in the US was reduced across all market segments between 2020 and 2021, with the biggest drop seen in the utility-scale segment. 
November 2, 2021
Grid outages in Australia dented the performance of UK-based solar asset owner Foresight Solar Fund (FSFL) in the first nine months of the year.
October 29, 2021
Poland is set to hold a series of renewables auctions before the end of the year, including the country’s first that will support hybrid projects.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
December 1, 2021
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal

Cyber Monday Flash Sale – 50% off our subscriptions

24 hours only