AMPYR Solar Europe, a solar project developer, and independent power producer acquired SolarEnergyWork’s solar business in the Netherlands. The acquisition includes an asset pipeline of 100 MW ready-to-build and 650 MW under-development assets.
Following this acquisition, AMPYR Solar Europe will have a development pipeline of Solar PV assets of over 1 GWp in the Netherlands, and an aggregate development pipeline of 6 GW, including Germany and the UK.
“SEW has successfully assembled a portfolio of high-quality solar power generation assets across the Netherlands, therefore we are delighted to have completed this acquisition,’’ said Alexander Koeman, Managing Director of AMPYR Solar Europe Netherlands. “The acquisition of SEW complements our existing Dutch business very well and will help accelerate our long-term plans in terms of portfolio growth, talent addition, local presence, and the renewable energy transition in general.”
Eric van der Gun, SolarEnergyWorks co-founder, commented: “Finding a buyer with the right philosophy and attitude was as critical a part of our selection as its ﬁnancial strength. In AMPYR Solar Europe, we have found a company with complementary competencies, matching DNA, and vision for the development of the solar industry in the Netherlands. I am conﬁdent that the expanded company will bring a high quality and expanded portfolio of Dutch solar assets to fruition.”
Recently, QatarEnergy, a state-owned petroleum company of Qatar, announced the signing of a share sale and purchase agreement with Qatar Electricity and Water Company (QEWC) to acquire QEWC’s 49% interest in Siraj Energy, resulting in Siraj becoming a wholly owned affiliate of QatarEnergy. The financial terms of the acquisition were not disclosed.
According to Mercom’s recently published 9M and Q3 Solar Funding and M&A Report, in 9M 2022, There were 90 solar M&A transactions compared to 83 transactions in 9M 2021.