Solarcentury taps Rabobank for double Dutch solar deal

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Solarcentury and Rabobank signing the Apeldoorn solar financing deal. Image: Solarcentury.

Solarcentury and Dutch banking firm Rabobank have reached financial close on a €20 million (US$22.4 million) deal to support the development of two utility-scale solar farms in the Netherlands.

Both farms are located near Apeldoorn in central Netherlands, Apeldoorn Ijsseldijk and Apeldoorn Beemte-Broekland, which have a combined capacity of 33.8MW.

Construction on the projects is due to start imminently and complete before the end of the year, and Solarcentury has also confirmed it intends to roll out a crowdfunding process for the projects in the coming months, wherein members of the Apeldoorn community will be invited to support the projects financially.

The signing of senior debt for the project double comes on the back of “significant progress” Solarcentury has made on a 110MWp project in Groningen, chief executive Frans van den Heuvel said, with the Netherlands firmly in Solarcentury’s crosshairs as a market of opportunity.

“This momentum is testament to the hard work of the team in the Benelux to expand the Dutch project portfolio,” he added.

Last month Solarcentury reported record profits as it looks to pursue a 6GW-strong international pipeline of utility-scale solar projects.

Read Next

April 16, 2021
There was a more than fourfold increase in corporate solar funding in Q1 2021 compared with the same quarter last year, amid strong demand for PV assets globally, according to new analysis by Mercom Capital.
April 14, 2021
There is likely to be demand across Europe for producing hydrogen from renewable energy, but the right regulatory frameworks and legislation need to be in place for the green hydrogen industry to find success.
April 14, 2021
Solar industry players should collaborate with governments and regulators to overcome floating PV permitting and bankability issues and unlock the potential of the technology in Europe, a panel has concluded.
April 13, 2021
European solar investors are coming to terms with smaller returns, however banks, governments and grid operators could do more to help alleviate risk and ease investor concerns.
April 7, 2021
Norway’s sovereign wealth fund is eyeing potential investments in solar generation assets after making its first foray into renewables infrastructure.
April 7, 2021
Dutch energy firm Eneco is aiming to ramp up its solar energy portfolio in both the Netherlands and Belgium as part of an updated strategy aimed at accelerating the energy transition.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021