AMPYR Solar Europe (ASE) and Commerz Real’s KlimaVest sign a strategic cooperation agreement to develop, build and commission a pipeline of large-scale solar photovoltaic projects in Germany.
Ampyr commits to an initial portfolio of 200 MW
Commenting on the announcement, Andrew Gould, executive chairman of ASE, says:
“This partnership perfectly illustrates ASE’s mission to leverage its capabilities and experience in the development of large-scale renewable energy projects to provide institutional investors with attractive opportunities to deploy capital and generate stable, reliable, long-term income.”
Jan-Peter Müller, Head of Infrastructure Investments at Commerz Real, added:
“I hope this is the first photovoltaic pipeline of many, as it is a perfect example of an investment that truly creates a positive impact and offers stable long-term returns, just as we promise our investors in KlimaVest.”
As part of the agreement, AMPYR Solar Europe will be responsible for the development of the projects to ready-to-build (RTB) status, provide EPC management services for the construction and commissioning of the plants, and set up operation and maintenance (O& M) services for their operations, under the ownership of KlimaVest.
The initial portfolio of three solar parks in Germany will have a combined capacity of around 200 MW.
