Eurus Energy acquires wind projects in the Netherlands

Eurus Energy Group has acquired six operational wind farms (total output of 32.18MW) and one wind farm project currently under development (21MW) from YARD ENERGY group, a major wind energy developer in the Netherlands. Through these acquisitions, Eurus Energy Group’s wind power business in the Netherlands will grow to a total of 15 operational wind farms with a combined output of 106.48MW, and two projects under development or construction with an additional output totaling 42MW.

While 4,340 MW of wind power generation had been introduced into the Netherlands by the end of 2017, the national goal is to reach a cumulative total of 6,000vMW by 2023. Thus, the further expansion of the Dutch wind power generation market is anticipated. Eurus Energy Group plans to continue development of its wind power business in this business environment.

The following are 6 projects under operations:

• 6 MW Coevorden wind project in Drenthe
• 8 MW Buren wind project in Gelderland
• 8 MW Duiven wind project in Gelderland
• 3 MW De Lie wind project in South Holland
• 6 MW Vlaardingen wind project in South Holland
• 2 MW Vlissingen wind project in Zeeland

The following is project that is under development:

• 21 MW Deil wind project in Gelderland

The combined production of the projects is sufficient for supplying renewable electricity for more than 24,000 households

Dentons, IX Wind and PwC respectively provided Eurus with legal, technical and tax advisory services, while Stek and Cees Advocaten advised YARD on legal matters and mth accountants & adviseurs provided tax advisory services for the transaction. Horst & van de Graaff Notarissen provided all notary services.