European Energy A / S has entered into an agreement for the divestment of Holmen Solar Park with a total capacity of approx. 21 MW in Denmark. The buyer is Conquest Group, which also bought Næssundsvej Solar Park from European Energy in December 2020.
Knud Erik Andersen, CEO of European Energy, says:
“We are very pleased to hand over the ownership of this solar park to Conquest and hope to continue the collaboration on future green investments in our broad European portfolio of projects. The park is already connected to the grid this Summer, and we will continue to take care of the park, as we will be responsible for the daily operation of the photovoltaic system. ”
Frédéric Palanque, Chairman and founder of Conquest comments on the purchase of Holmen solar park:
“We are pleased to announce this new acquisition with our partner, European Energy. This project demonstrates Conquest’s willingness and ability to build strong relationships with its contractual partners, project Holmen being the second transaction in 6 months with European Energy. It also illustrates our ability to secure, with private counterparties, power-purchase agreements and to gradually move away from public subsidies, and the development of a long-term partnership with European Energy, a leading partner, who will remain the operator of the solar parks.”
Established in 2012, Conquest is an alternative asset management firm invested in long-term sustainable value stemming from European infrastructure and renewables real assets. Conquest has been involved in responsible projects that accelerate the transformation of the economy and critical infrastructure – transport, digital, energy – towards a sustainable growth model on behalf of public bodies, institutions, pension funds and private investors. With a team of around 15 collaborators, based in Dublin and Paris, the firm manages assets worth approx. 300 million euros. To date, Conquest’s global investment portfolio produces around +291GWh of renewable energy each year, representing the annual consumption of over 74 000 homes, and which has avoided over 63 000 tons of CO2 emissions.
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