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.



NEDO, Sharp, And Toyota Trials Electrified Vehicles Equipped With Solar Batteries
Scatec Solar Reaches Financial Close For 55 MW Project In Ukraine
Sonnedix Increases Italy Footprint By Further 4MW
Power Electronics For The Energy Transformation
Renewables Cover 44 Percent Of Germany’s Electricity Consumption
Patent Pending For LCT Active Cleaning Vacuum System
Q CELLS Offers Businesses Direct Marketing Of Solar Power In Germany
ARPA-E Extends NREL Funding For III-V Solar Project
Oxford PV Secures 65 Million In Funding
Juwi Signs Agreement With EDL To Deliver Hybrid Project In Australia
Creating Multi-junction Solar Cells Off-the-shelf
ABB To Exit Solar Inverter Business
Surrey Researchers Clear Runway For Tin Based Perovskite Solar Cells
China, India, Japan And South Korea Set To Surpass 1 Billion Installed Smart Electricity Meters In 2025
Lidl To Invest €1m In Ireland’s Largest Ever Installation Of Solar Panels
Loughborough Expert Helps Construct New United Nations Specifications
Market Opportunities For Indoor Photovoltaics
The European Union And JUMEME Inaugurate New Solar-powered Mini-grid
Cubico Reaches Financial Close On 100 MW Solar Project In South Carolina
Students Research Cleaning Solar Collectors Without Water
ABB Helps Build A Brighter Future For Costa Rica With High Power Inverter Technology
Surrey Team Replaces Lead With Tin In Perovskite Solar Cells
Ingeteam Supplies 2 GW Of PV Inverters In The First Half 2019
Olympus Stream Software. Inspection Without Limitation

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