The first three sites to be constructed will be in the communities of Echt-Susteren, Tinte and Venray in the Netherlands. Construction activities are due to begin shortly, with the Commercial Operation Date (“COD”) for all three assets expected by Q1 2024.
Dhruv Menon, AMPYR Solar Europe’s Chief Financial Officer, said: “It is very important for us to find a partner like Rabobank. We need a leading player in the project finance market who is also sensitive to the needs of the local communities taking part in the green energy transition. Rabobank’s unique global-yet-local footprint has allowed us to provide bespoke partnership solutions to local communities and local energy corporations.”
Alexander Koeman, Managing Director of AMPYR Solar Europe Netherlands, said: “Securing the financing facility enables AMPYR Solar Europe to start construction of the first set of Dutch Solar PV assets; this will help accelerating our long-term plans in terms of portfolio growth in particular and the renewable energy transition in general.”
Rabobank was represented by Pieter Plantinga, Executive Director Project Finance during the process. He said: “This was a unique structuring effort together with AMPYR Solar Europe. The financing allows AMPYR Solar Europe to build a portfolio of fully owned projects combined with projects with community participation. This fits well with the ambitions of Rabobank as it enables the local communities to have a stake in driving the energy transition.”
