Triodos Energy Transition Europe Fund has acquired a minority stake in Danish renewables developer WindSpace.
The investment also sees Triodos senior investment manager Sonja de Ruiter join the developer’s board of directors.
WindSpace has been developing onshore wind and solar projects in Europe since 2006 and has “concretely identified” opportunities in its core markets of Poland and Croatia.
Vincent van Haarlem, Fund Manager at Triodos Energy Transition Europe Fund, said: “We are very excited about this new cooperation with such an experienced wind and solar park developer as WindSpace.
“Through this investment we will contribute to the energy transition in markets that are complementary to the fund’s current exposure, making this an excellent addition to the existing portfolio.”
WindSpace chief executive Jens Elton Andersen added: “WindSpace envisions a world that runs entirely on green energy and contributes to this goal by being at the forefront of developing green field solar and wind park projects in European growth markets.
“We have a lean and dynamic approach to developing our utility-scale project pipeline in close collaboration with our local partners which enables significant scalability opportunities.
“The strategic partnership and equity investment by Triodos Energy Transition Europe Fund provides an optimal match for WindSpace. It is the next step in fulfilling our strategic aims of boosting the green energy transition in Europe.”