The Hamburg-based solar and wind farm operator Blue Elephant Energy GmbH (BEE) signed the acquisition of a Dutch PV park from the Dutch developer TPSolar on 20 December 2024. The final step in the acquisition of a portfolio with a total capacity of approx. 88 MWp, consisting of three PV parks, has been successfully completed.

The acquired PV parks are spread across the Netherlands and are at different stages of development. The largest park, with a capacity of 50 MWp, is located in the north-east of the country, scheduled to be commissioned in time for the turn of the year 2025/2026. A 9 MWp project is located in the south of the country and has already been connected to the grid. The last of the acquired projects is also located in the south of the country and comprises 29 MWp. Commissioning of this solar PV park is envisioned for the second quarter of 2025. 

Once the PV portfolio is fully commissioned, annual savings of 48.830 tonnes of CO2 emissions and 38.493 m3 of water can be expected. The three parks will thus make a significant contribution to achieving the Netherlands' ambitious climate targets by 2035.

Following the realisation of this investment, BEE has expanded its total Dutch portfolio to 717 MWp. This increases BEE's existing portfolio to 1,730 MWp, which comprises PV and wind parks in nine countries.

"We are pleased to increase our portfolio in the Netherlands to more than 717 MWp," commented Tim Kallas, Chief Investment Officer of Blue Elephant Energy. "This transaction strengthens our trustworthy partnership with TP Solar and is a testimony to our successful growth strategy and is making a further contribution to our overarching commitment to a greener future."

Martin Voigt, Chief Financial Officer of TPSolar affirms: 
"We highly value the cooperation with BEE who has become a reliable partner. By constructing this portfolio we have reached our goals for 2024/2025 and continue our growth path as planned. We are proud of our fantastic team. Every team member is key to our success."

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