AMPYR Solar Europe (ASE) has partnered with Commerz Real鈥檚 impact real assets fund to develop solar projects in Germany.
ASE and Commerz Real鈥檚 KlimaVest have signed a strategic co-operation agreement to develop, build and commission a pipeline of large-scale solar photovoltaic (PV) projects.
As part of the agreement, ASE will be responsible for developing the projects to ready-to-build status, provide engineering, procurement and construction services for the construction and commissioning of the plants, and put in place operations and maintenance services for their operations, under KlimaVest鈥檚 ownership.
The partnership鈥檚 initial portfolio of three solar parks located in Germany will have a combined capacity of 200MWp, the companies said in a joint statement.
Andrew Gould, ASE鈥檚 executive chairman, said: 鈥淭his partnership perfectly exemplifies ASE鈥檚 mission to leverage its capability and experience in developing large-scale renewable power projects, to provide institutional investors attractive opportunities to deploy capital and generate stable, reliable, long-term income.
鈥淲e couldn鈥檛 be more proud partnering with Commerz Real to jointly contribute towards Germany鈥檚 ambitious renewable energy targets.鈥�
Jan-Peter M眉ller, the head of infrastructure investments at Commerz Real, said: 鈥淲e are really happy about this partnership, from the start we had the feeling that there is a really good fit between ASE and Commerz Real.
鈥淗opefully this is the first PV pipeline of many, since it is a perfect example for an investment that really creates a positive impact and delivers long term stable returns, just as we promised to our investors in KlimaVest.鈥�
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