Hamburg-based solar and wind park operator Capital Stage has acquired two planned solar parks in the Netherlands from Dutch project developer Sunstroom Engineering B.V. The solar parks have a total generation capacity of 47.6 MW and are expected to be connected to the grid in October of 2018
The solar parks in Melissant and Ooltgensplaat are both located in the province of South Holland, and have a generation capacity of 10.0 MW and 37.6 MW respectively. Over the first 15 years, the projects will receive a feed-in tariff of EUR-Cent 10.7 per kilowatt-hour. The solar parks are projected to generate revenue of about €5 million ($5.9 million) from the first full year of operation onwards.
The technical management in the first five years following commissioning of the solar parks will be administered by the seller. Capital Stage will be responsible for the commercial management.
“The two solar parks we acquired are among the largest projects in the Netherlands and therefore have quite a flagship effect. They form a good basis for further investment in our neighboring country,” said Dr. Dierk Paskert, CEO of Capital Stage AG.
The total investment volume, including project-related debt financing, amounts to €44.5 million ($52.9 million). With this most recent acquisition, the generating capacity of all photovoltaic installations of Capital Stage increases to over 770 MW and that of the total portfolio to some 1.5 GW.