Ingka Investments, the investment arm of Ingka Group, announced the acquisition of a 76.3 MW solar project portfolio in the Netherlands from the SUSI Renewable Energy Fund II, an investment vehicle managed by SUSI Partners, a Swiss-based infrastructure investment manager.
The portfolio comprises three operating solar projects: 54.36 MW Scaldia, 11.72 MW Achtkarspelen, and 10.20 MW De Kie.
SUSI acquired the projects in 2019 upon reaching commercial operations and has now sold them to Ingka Investments after 6 years of asset management. SUSI has now successfully exited 80% of the SUSI Renewable Energy Fund II’s assets.
The three solar projects are expected to generate approximately 67 GWh of energy per year.
According to the company, the projects have been operating successfully and profitably for over five years.
Frederik de Jong, Head of Renewable Energy at Ingka Investments, “We are thrilled to add these high-quality solar farms to our portfolio and are happy to add the Netherlands to the growing number of countries where we operate renewable energy assets. Ingka Group is deeply committed to renewable energy as a cornerstone of our sustainability strategy. By 2030, we aim to invest EUR 7.5 billion (~$8.56 billion) in renewable energy in production assets like wind and solar farms and supporting technologies such as battery storage and e-fuels
The acquisition supports Ingka Group’s broader sustainability goals, including reducing carbon emissions and promoting green energy solutions.
According to Mercom’s Q1 2025 Solar Funding and M&A report, about 13.6 GW of solar projects were acquired in Q1 2025 compared to 10.8 GW in Q1 2024.
Last month, Arena Renewables, a community and distributed solar and storage project developer, announced the sale of the 40 MW Illinois solar project portfolio to Summit Ridge Energy, a commercial solar project developer.
