Solarcentury announces major partnership agreement with Germany’s Capital Stage
Solarcentury is joining forces with major continental investor Capital Stage AG in a move that will accelerate Solarcentury’s continued expansion overseas.
Under the terms of the jointly owned framework vehicle announced today, the initial focus will be on developing, acquiring and operating over 1GWp of major solar assets in the UK, Netherlands, France, Spain and Mexico. Our partner Capital Stage already operates over 200 solar and wind parks and has been seeking an experienced partner to expand its portfolio. Under the framework agreement both companies will jointly own the respective assets which will be realised within the next 3 years.
Frans van den Heuvel, CEO Solarcentury, said: “Today’s announcement confirms Solarcentury’s existing status as a major international developer and independent power producer. With offices in nine countries on four continents and with a development pipeline of over 2.5GWp, Solarcentury makes the perfect partner for Capital Stage. With this framework agreement Solarcentury becomes a fully integrated platform that develops, constructs and operates solar and storage assets. It’s also a huge vote of confidence in UK solar and storage experience and expertise, something that Solarcentury has been exporting successfully into multiple markets over many years. Our exciting partnership with Capital Stage will further boost Solarcentury’s advanced international expansion plans, particularly in our core target markets throughout Europe and Latin America.”
Solarcentury was advised on this partnership agreement by SDCL and Pan American Finance.