Info
Info
Magazine Feature

This article was originally featured in the edition: PIC Magazine Issue 8 - March 2018

Ib Vogt And HSH Nordbank Finalize Financing

News

German-based company ib vogt, advised by Netherlands-based company Solarfields, and HSH Nordbank successfully reached financial close over a EUR 41 million debt facility for a solar power plant. HSH Nordbank provides the non-recourse project financing for the 54.5 MWp Solarpark Scaldia, located in the municipalities of Borsele and Vlissingen in Zeeland, Netherlands. In 2016 the project received its SDE+ (Stimulation of Sustainable Energy Production) in the second competitive auction of that year. ib vogt acquired the project in February 2018 from the developer Solarpark Zeeland. Energization of the project is planned in Q3 of 2018, after which the output as well as Certificates of Origin (GvO) will be acquired by Engie under a 17-year Power Purchase Agreement (PPA).

With a capacity of 54.5 MWp the solar power plant will produce an average of 51.000 MWh clean energy per year, equivalent to the demand of more than 14.000 households. During its 30-years lifetime it will prevent over 738.000 t of CO2 emissions. Next to a number of wind turbines the plant will be built below a high-voltage line in a cable and pipeline corridor extending over 38 ha around the Sloehaven. The principal land owner North Sea Port, which operates the adjacent port, supported the development of the renewable energy project. 140.000 panels of the PV power plant will be arranged in an east-west direction to optimize land use, generation profile and therefore profitability.

"We are very pleased to have achieved this milestone in a very complex project that involves multiple stakeholders, land owners and municipalities. We would like to thank our partners for their efforts in reaching the financial close, that will result in the largest solar power plant in the Netherlands to date", says Anton Milner, Managing Director of ib vogt GmbH.





"This financing underlines our competence to quickly familiarize ourselves with new markets and to consistently advance the expansion of our position", says Lars Quandel, Director Energy & Infrastructure of HSH Nordbank.

The network operator has started construction of the grid connection in February, EPC contractor and owner ib vogt will commence construction of the plant in May, while also providing O&M services after commissioning of the plant. Solarfields Nederland will provide the technical and commercial asset management after commissioning. The projects output will help the Netherlands in their transition towards renewable energies and in meeting the target of 37 % for renewables in electricity consumption by 2020.



Energy Experts Now And The Meeco Group Cooperation In Development Of Clean Energy Systems In The Dominican Republic
SolarEdge Intensifying Activity In The Japanese Market With Receipt Of JET Certification
Simple, Solar-powered Water Desalination
Rugged Stäubli Connectors Assist In Success Of Antarctic Solar Power Project
Juwi And Hellenic Petroleum Group Sign Purchase Agreement For Photovoltaic Park In Greece
Tigo’s Rapid Shutdown Solution: Over A Million Units Shipped
Zenobe Energy Partners With United Utilities To Bring Largest Battery To UK Water Industry
BayWa R.e. Delivers The First Operational Solar Park Won In Malaysia’s LSS2 Auction
Q CELLS Completes First Photovoltaic Systems For Leading German Football Club RB Leipzig
Waxman Energy Appoint New Southern Sales Executive
ABB Installs World’s First 500 KV Digital Substation In South America
Enphase Energy Partners With CREATON To Provide Residential Solar Rooftops
Sub-Saharan African Countries Saw Record Spike In Renewables Investments In 2018
University Of Queensland Sets QD Solar Record
JenaBatteries And BASF Cooperate In The Development Of Innovative Power Storage Technology
AEG Power Solutions Leads Research For Hybrid UPS To Optimize Local Energy Supply In GIS-MS Project
Cornwall Insight Ireland: RESS Will See Projects Jostle For Limited Capacity
REC Group Kicks Off Production Of Its Alpha 72 Series Solar Module
SMA Holds More Than 1,500 Patents - Protection Of Intellectual Property
ISRA VISION Forms A Strategic Partnership With Atlas Copco
Foresight Appoints Steven Hughes As Director And Head Of Portfolio
Solar Module Generates 326 W Per Square Metre
ENGIE Africa Brings Off-Grid Power To Over 4 Million People
SolarEdge To Supply Enfindus With Inverters For 1GW Of European Solar Projects

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}