- Press Releases
December 10 (Renewables Now) - Luxembourg-based special fund FP Lux Investments has acquired a portfolio of three solar PV farms in Germany, securing 27.5 MWp of power for its RE Infrastructure Opportunities fund.
Vattenfall Deutschland GmbH, part of Swedish electric utility Vattenfall AB, developed the projects and sold the finished plants to FP Lux for an undisclosed price.
Switzerland-based re:cap global investors ag, which advised on the acquisition, announced the transaction on Thursday.
The acquired portfolio contains one solar farm of 10 MWp and another of 7.5 MWp, both benefiting from Germany’s EEG feed-in-tariff scheme. The third plant, of 10 MWp, has a long-term power purchase agreement (PPA) in place with Vattenfall Energy Trading, re:cap said.
All solar farms are located in the German state of Mecklenburg-Western Pomerania.
The RE Infrastructure Opportunities fund is aimed at institutional investors and invests in a range of renewable energy technologies, including solar, wind, hydropower and battery storage.