Novar, a developer of integrated green energy systems, has signed an agreement to acquire a portfolio of four solar PV projects from LC Energy.
Located in the Netherlands, the portfolio consists of the projects Woudbloem, Veenweg Ter Apel 2, Amerongerwetering, and Magdalenahoeve, with a total capacity of 108 MWp. Among these, the Woudbloem project, with 50 MWp, is considered the key project and is in an advanced development stage. The company will connect the project through Avermieden, a large grid station recently built by Novar.
“With this portfolio, we can accelerate the growth of Dutch solar production and link it to the smart energy infrastructure we are building,” said Jan Martijn Buruma, Director Netherlands at Novar. “The ability to connect Woudbloem via our own Avermieden grid station demonstrates how our integrated approach, from generation to distribution, creates real momentum in the energy transition.”
The transaction is expected to strengthen Novar’s position in large-scale solar development and smart energy integration in the Netherlands.
Ian Larive, Director at LC Energy, said: “We are pleased that these projects will be further developed by Novar, a company strongly committed to the energy transition in the Netherlands. With this step, the projects will be brought to completion in capable hands.”
In 2023, DIF Capital, an independent infrastructure equity fund manager, acquired a 50% stake in Novar from ib vogt for an undisclosed amount.
In the first nine months of 2025, approximately 29 GW of solar projects were acquired compared to 28.3 GW in 9M 2024, according to Mercom’s 9M and Q3 2025 Solar Funding and M&A report.
In November 2025, Capital Dynamics, a private asset management firm, acquired a portfolio of two solar projects totaling an installed capacity of at least 121 MW in the U.K. from BayWa r.e. and Grune Energien. The portfolio comprises the 77 MWp Clump farm located in Leicestershire and the 44 MWp Yanel Solar farm situated in North Somerset.
