The FP Lux Group (“FP Lux”) makes another investment for its RE Infrastructure Opportunities Fund in the Netherlands: the solar park in Schalkwijk in the province of Utrecht has a total capacity of 17.5 megawatts peak. Currently, the solar park is in the construction phase and is expected to be connected to the grid by mid-2024. Afterward, the park will be able to supply around 5,900 households with green energy and annually save up to 10,200 tons of CO2. This is already the eighth solar project that FP Lux has acquired in the Netherlands. Another project from the RE Infrastructure Opportunities portfolio in ‘t Goy is located just a few hundred meters from the newly acquired solar park.
The seller of the portfolio is BayWa r.e., which will manage the park until completion and subsequently take over its technical operation. The transaction was accompanied by re:cap global investors. The independent investment advisor has already launched its fifth fund for renewable energy projects together with FP Lux. The newest of these is the FP Lux Energy Transition Fund, which the two project partners launched last year.
Benefiting from synergies and location advantages in the Netherlands Thomas Seibel, Managing Director of re:cap, comments on the transaction: “With the transaction in Schalkwijk, we are acquiring a lucrative project that further diversifies the portfolio of our RE Infrastructure Opportunities. The Netherlands offer very good conditions as a location for solar projects, and with the proximity to our existing project in ‘t Goy, our investors also benefit from synergies in technical operations.” Regarding the project partner, BayWa r.e., Seibel adds: “I am pleased that we are again working with BayWa r.e. on the acquisition of the project in Utrecht. Together with their team, we have already successfully implemented several projects in recent years and maintain a trusting cooperation. Together, we are driving forward the energy transition in Europe.”
Fund with 1.3 gigawatts total capacity The RE Infrastructure Opportunities, for which FP Lux is purchasing the park in Utrecht, successfully completed its last closing in the previous year and is currently at the end of its investment phase. With the FP Lux Energy Transition Fund, the FP Lux Group, together with re:cap, already offers a successor fund that provides institutional investors with access to lucrative renewable energy projects in Europe. In total, the funds of FP Lux have already invested 2 billion euros in wind, solar, and battery storage projects at 80 locations in Europe. The generation capacity (onshore wind, solar, and battery storage) acquired and managed by re:cap for the FP Lux funds totals more than 1.3 GW.