Nebras Power signs agreement to acquire majority stake in Dutch solar developer
Nebras Power Investment Management B.V., a Dutch affiliate of Nebras Q.S.C., has signed a binding agreement to acquire 75% equity stake in Zon Exploitatie Nederland Holding B.V. (ZEN), a developer and operator of solar power generation assets in the Netherlands.
ZEN currently has 96 MW of solar capacity in operation, under construction or ready for construction and intends to grow further, taking advantage of the supportive policy of the Netherlands government. Its large-scale projects include field installations in Great Britain and solar panels on farms and indoor ski buildings in Germany.
The acquisition provides Nebras with access to the attractive and fast-growing Netherlands renewable power market. According to political agreements, the share of sustainable energy in The Netherlands should be at least 14% in 2020, thus offering promising potential.
ZEN joins the growing portfolio of Nebras assets spread from Europe to the Middle East and South East Asia.
Country updates
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