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Nebras Power Investment Management BV, the Dutch subsidiary of Qatari investment firm Nebras Power QSC, has acquired a 75% stake
in Zon Exploitatie Nederland Holding B.
V.
(ZEN), a Dutch PV project developer.
The Dutch PV company currently has 96 MW of solar capacity and is under construction or in preparation
.
Qatari investment firm Nebras enters the Dutch solar market
"We are very pleased with this acquisition, which adds to our existing solar portfolio
.
" Nebra CEO Khalid Mohammed Jolo said it had not provided financial details about the terms of
the deal.
"The agreement signed today takes ZEN to a whole new level as a developer, EPC contractor and operator, and will support an ambitious growth strategy for solar projects in the Netherlands to become a leader
in the European market.
" ZEN CEO Michel Peek added
.
According to ZEN's website, the company has so far mainly developed rooftop commercial and industrial PV projects
in several locations in the Netherlands.
The largest project is a 6.
1 MW rooftop array located in Tilburg
in North Brabant.
In the press release, Nebras noted that the ZEN PV project is taking advantage of the Dutch government's supportive policies
.
This means that most projects are likely to be developed
under the SDE+ program.
，
Nebras Power Investment Management BV, the Dutch subsidiary of Qatari investment firm Nebras Power QSC, has acquired a 75% stake
in Zon Exploitatie Nederland Holding B.
V.
(ZEN), a Dutch PV project developer.
The Dutch PV company currently has 96 MW of solar capacity and is under construction or in preparation
.
Qatari investment firm Nebras enters the Dutch solar market
Qatari investment firm Nebras enters the Dutch solar market"We are very pleased with this acquisition, which adds to our existing solar portfolio
.
" Nebra CEO Khalid Mohammed Jolo said it had not provided financial details about the terms of
the deal.
"The agreement signed today takes ZEN to a whole new level as a developer, EPC contractor and operator, and will support an ambitious growth strategy for solar projects in the Netherlands to become a leader
in the European market.
" ZEN CEO Michel Peek added
.
According to ZEN's website, the company has so far mainly developed rooftop commercial and industrial PV projects
in several locations in the Netherlands.
The largest project is a 6.
1 MW rooftop array located in Tilburg
in North Brabant.
In the press release, Nebras noted that the ZEN PV project is taking advantage of the Dutch government's supportive policies
.
This means that most projects are likely to be developed
under the SDE+ program.
，
