From: Mercom India
European asset manager Demea Sustainable Investment and renewable energy developer Enovos Green Power have acquired shares in Zonnepark Lanakerveld B.V., a solar and battery energy storage project near Maastricht, the Netherlands.
The project comprises approximately 45 MW of solar photovoltaic capacity and a 25 MW/100 MWh battery energy storage system. The solar facility is expected to generate more than 45,000 MWh of renewable electricity annually.
Construction began in September 2026, and the project is expected to be commissioned in summer 2027.
Demea, formerly Demeter Investment Managers, made the investment through its Climate Infrastructure Fund and holds a majority stake in the project.
The acquisition marks the fund’s 12th transaction and its first infrastructure investment in the Netherlands.
Demea and Enovos are investing through a combination of equity and quasi-equity, while ING Bank is providing debt financing. The companies did not disclose the transaction value, financing amount, or their respective ownership percentages.
The battery storage system is designed to provide flexibility by optimizing the timing of electricity injection into the grid.
According to Demea, the solar project benefits from the Dutch SDE++ support scheme, which provides long-term revenue visibility. The battery storage system is designed to capitalize on growing demand for flexibility in the Dutch electricity market.
Frank Kusters, Managing Director at Enovos Green Power, said, “With this acquisition, Enovos Green Power and Demea Sustainable Investment combine their complementary long-term expertise at Lanakerveld. Enovos Green Power contributes its experience in the development, construction supervision, operation and management of renewable energy projects. Demea Sustainable Investment invests through the Climate Infrastructure Fund in European infrastructure that demonstrably contributes to the energy and climate transition. Energy production, safety, landscape quality, biodiversity and local embedding remain the central principles for the construction and further realization of the project.”
Enovos Green Power, part of the Encevo Group, has been developing, financing, constructing, and managing renewable energy projects since 2008. The company operates in Belgium and the Netherlands, primarily focusing on solar and wind energy.
DLA Piper, AKD, and Stek served as legal advisers for the transaction, while Afry and Straightforward provided technical and market advisory services.
According to Mercom’s 9M and Q3 2026 Solar Funding and M&A report, approximately 34.4 GW of solar projects were acquired in the first nine months of 2026, compared to 29 GW in the same period during 2025.
Recently, Sunraycer Renewables, an independent power producer and a portfolio company of Crayhill Capital Management, has acquired two utility-scale solar projects totaling 325 MW from Apricus Energy, a joint venture between NOVI Energy and Osaka Gas USA.
