Ampyr Solar Europe and Commerz Real’s KlimaVest have signed a strategic co-operation agreement to develop, build and commission a pipeline of large-scale solar projects in Germany.
Under the terms of the agreement, Ampyr Solar Europe will be responsible for developing the projects to ready-to-build status, provide EPC Management services for the construction and commissioning of the plants.
Ampyr will also put in place operations and maintenance services for projects under KlimaVest’s ownership.
The initial portfolio of three solar farms located will have a combined capacity of about 200MW.
Commerz Real head of infrastructure investments Jan-Peter Muller said: “We are really happy about this partnership, from the start we had the feeling that there is a really good fit between ASE and Commerz Real.
“Hopefully this is the first PV pipeline of many, since it is a perfect example for an investment that really creates a positive impact and delivers long term stable returns, just as we promised to our investors in KlimaVest.”
Ampyr Solar Europe executive chairman Andrew Gould said: “This partnership perfectly exemplifies ASE’s mission to leverage its capability and experience in developing large-scale renewable power projects, to provide institutional investors attractive opportunities to deploy capital and generate stable, reliable, long-term income.
“We couldn’t be more proud partnering with Commerz Real to jointly contribute towards Germany’s ambitious renewable energy targets.”