Loading
X
Contact: +49 40 320 27 210 | office@blueelephantenergy.com de en

Blue Elephant Energy enters Greek market. Acquisition of the largest operational solar park from ABO Wind AG

February 15th, 2021

Blue Elephant Energy AG ("BEE"), a Hamburg-based independent operator of solar and wind power plants and ABO Wind AG ("ABO Wind"), a global project development company for energy supply plants from renewable energy sources, have reached an agreement regarding the sale of two operational solar parks with a total capacity of 45 MWp.

The first project is located in Kossos, near Xanthi and has a capacity of 7 MWp. The second one is located in Megala Kalyvia, near Trikala with an overall capacity of 38 MWp. Together, both projects will yield an estimated output of about 80 million kilowatt hours per year. To date, Megala Kalyvia is also the largest operational solar park in Greece.

Abo Wind had acquired both projects during development in 2018 and finalised the planning, engineering, construction and grid connection between 2019 and 2020. At Megala Kalyvia, ABO Wind also constructed a new private substation to feed the generated electricity into the high-voltage grid. The project uses single tracker technology to optimize the yield.

"We are pleased to announce the acquisition of these two projects, allowing us to enter the promising Greek market, as well as further diversifying our portfolio geographically. Finally, these solar projects will allow us to further contribute to our overarching commitment towards a more sustainable and cleaner energy supply," comments Tim Kallas, Chief Investment Officer of Blue Elephant Energy AG.
"In only a few years, we have become an important part of the Greek renewable energy market," says ABO Wind's General Manager Panagiotis Sarris. "With these solar projects, we have proven that we are capable of installing even technologically challenging solar parks in record time."

About Blue Elephant Energy AG:
Blue Elephant Energy AG (BEE) acquires and operates solar parks and wind farms in eight countries with a focus on Western-Europe. Founded in 2016, BEE is currently operating a renewable energy portfolio of 1,104 MW, part of which is under construction. BEE´s renewable energy assets contribute to a sustainable energy supply by saving 800,000 tons of CO2 annually and providing 335,000 households with clean energy. As part of its ESG strategy BEE directly contributes to social projects on a local level, particularly in Chile and in the Dominican Republic. BEE has secured additional 502 MW Solar Park capacity in the context of co-development agreements with a limited range of developers. With equity provided by BEE's shareholders and participation rights capital provided by medium sized insurance companies, BEE has been able to invest around EUR 1.2 billion since inception.

About ABO Wind AG:
ABO Wind is a globally successful project developer for renewable energies with more than 700 employees. Since 1996, the company has developed and sold wind energy, solar and biogas projects with an output of 3,500 megawatts, more than 1,500 of them as turnkey projects.

Blue Elephant Energy signs joint development agreement for 237 MWp Solar in Italy and the Netherlands with Greencells Group

January 29th, 2021

Blue Elephant Energy AG (BEE), a Hamburg-based independent operator of solar and wind power plants and Greencells Group ("Greencells"), a global service provider for the development, construction, and maintenance of utility-scale solar power plants, have entered into a joint development agreement for a portfolio of 237 MWp of solar capacity in Italy and the Netherlands.

The portfolio includes six solar projects in the region of Puglia in Italy with a total planned capacity of 158 MWp and seven solar projects in the Netherlands with a total planned capacity of 79 MWp. The projects are at an advanced stage of development. The first projects will reach ready-to-built status by 2022. The complete connection of the entire portfolio to the electricity grids is expected by 2025 at the latest.

The portfolio will contribute to a reduction of global CO2 emissions by approximately 268,000 tons and will account for the annual electricity consumption of 96,000 households once completed.

"We are pleased to expand our long-standing business relationship with Greencells with the successful execution of this joint development agreement. By securing this portfolio at an advanced development stage, we will be able to expand our existing portfolio in our core markets and, moreover, do this at attractive conditions for our investors. At the same time, these projects will allow us to further contribute to a more sustainable and cleaner energy supply," comments Tim Kallas, Chief Investment Officer of Blue Elephant Energy AG.

Andreas Hoffmann, CEO of Greencells Group, adds: "The development agreement now concluded represents another important milestone in the cooperation with our long-standing partner Blue Elephant Energy. The project portfolio reflects the increased strategic commitment of our Group in the focus market of Europe. We look forward to providing full development, construction and O&M services for all projects under this cooperation, thereby leveraging our full range of services."

About Blue Elephant Energy AG:
Blue Elephant Energy AG (BEE) acquires and operates Solar Parks and Wind Farms in eight countries with a focus on Western-Europe. Founded in 2016, BEE is currently operating a renewable energy portfolio of 1,066 MW, part of which is under construction and will be grid-connected in 2021. BEE´s renewable energy assets contribute to a sustainable energy supply by saving 800,000 tons of CO2 annually and providing 335,000 households with clean energy. As part of its ESG strategy BEE directly contributes to social projects on a local level, particularly in Chile and in the Dominican Republic. BEE has secured additional 502 MW Solar Park capacity in the context of co-development agreements with a limited range of developers, based on longstanding relationships and mutual appreciation. With equity provided by BEE's shareholders and participation rights capital provided by medium sized insurance companies, BEE has been able to invest well above EUR 1.1 billion since inception.

About Greencells Group:
The Greencells Group is a global service provider for the planning, construction and maintenance of utility-scale solar power plants. Founded in 2009 and headquartered in Saarbrücken, Germany, the group employs more than 100 employees and several hundred skilled workers at the respective active construction sites. As one of the largest European providers in the photovoltaic sector, the Greencells Group has successfully participated in the construction or planning of PV power plants with a cumulative capacity of more than 2.1 GWp in over 25 countries. The Group has four regional offices to serve the growing global demand for solar and hybrid solutions.

Blue Elephant Energy enters into cooperation with oEnergy on a 119.5 MWp solar portfolio in Chile

January 28th, 2021

The Hamburg-based solar and wind farm operator Blue Elephant Energy AG (BEE) signed a joint venture agreement on 30 December 2020 to develop, build and operate a 119.5 MWp portfolio of distributed solar farms across Chile. The strategic partner is oEnergy Generación Solar Distribuida SpA (oEnergy), based in Santiago, Chile.

The portfolio will be fully developed by oEnergy, which will also be responsible for the turnkey EPC of the solar parks. In addition, oEnergy will remain involved in the long term both as a minority shareholder and as technical and commercial operator.

The portfolio consists of 12 projects located between the regions of Valparaíso and Biobío, with the majority of the parks to be built in the Maule region. The first projects started construction in January 2021 and will be operational in July 2021. The entire portfolio is scheduled for completion by September 2022. The projects will operate under Chile's small-scale distributed generation programme (known as "PMGD") and sell their energy at the regulated "stabilised price".

"We are pleased to have closed our first transaction in Chile with a strategic partner that has a solid track record in the development, EPC and operational management of small-scale solar farms," said Tim Kallas (BEE's Chief Investment Officer). "The addition of 119.5 MWp to our overall portfolio strengthens and diversifies our international footprint. We see great potential both in Chile and across Latin America to drive renewable energy projects and support the continent on its path to carbon neutrality. This cooperation underlines our global commitment to a greener future."

"We are thrilled to partner with BEE on this ethical investment that will create a greener future for Chile," said Yuri Andrade Sylvester (Chief Business Development Officer of oEnergy). "This transaction advances oEnergy's debut as an IPP and solidifies its operational track record across the PMGD project lifecycle. Our continued goal of deploying long-term capital looks more promising with BEE by our side."

Once the portfolio is completed, BEE will operate a total PV portfolio of over 177 MWp in Latin America, together with the Montecristi solar park in the Dominican Republic.

About Blue Elephant Energy AG:
Blue Elephant Energy AG (BEE) acquires and operates Solar Parks and Wind Farms in eight countries with a focus on Western-Europe. Founded in 2016, BEE is currently operating a renewable energy portfolio of 1,066 MW, part of which is under construction and will be grid-connected in 2021. BEE´s renewable energy assets contribute to a sustainable energy supply by saving 800,000 tons of CO2 annually and providing 335,000 households with clean energy. As part of its ESG strategy BEE directly contributes to social projects on a local level, particularly in Chile and in the Dominican Republic. BEE has secured additional 502 MW Solar Park capacity in the context of co-development agreements with a limited range of developers, based on longstanding relationships and mutual appreciation. With equity provided by BEE's shareholders and participation rights capital provided by medium sized insurance companies, BEE has been able to invest well above EUR 1.1 billion since inception.

About oEnergy Generación Solar Distribuida SpA (oEnergy):
oEnergy Generación Solar Distribuida SpA is a Chilean private joint stock company founded in 2013. oEnergy aims to create value for its investors and democratise the Chilean wholesale and retail energy market through the development, construction, operation and ethical investment in distributed generation. oEnergy has 135 MWp of capacity connected or under construction and a further 220 MWp of projects under development. oEnergy currently employs 130 professionals and operates 31 PMGDs projects.

Blue Elephant Energy completes acquisition of 47 MW of PV projects in the Netherlands from LC Energy

January 27th, 2021

Blue Elephant Energy AG (BEE), a Hamburg-based independent operator of solar and wind power plants completed the acquisition of four construction-ready photovoltaic parks in the Netherlands with a combined capacity of 47 MW.

The acquired portfolio consists of four photovoltaic parks located across the South East and East of the Netherlands. Construction will start in the first half of 2021 and grid connection and start of commercial operations are foreseen prior end of 2021. LC Energy will continue to support BEE through the construction process, leveraging its expertise in grid connection, permitting, and land management to support the projects' long-term success.

Within the national energy generation mix, the portfolio will help to reduce the CO2 emissions in the Netherlands by approximately 26,500 tons and serves the electricity needs of 15,000 households annually from its completion onwards.

With the acquisition of the solar portfolio BEE expands its portfolio to 500 MW in the Netherlands and to 1,066 MW worldwide.

Tim Kallas, Chief Investment Officer of Blue Elephant said: "We are delighted to have concluded the first transaction with LC Energy and to add another 47 MWp to our rapidly growing solar portfolio in the Netherlands, now summing up to roughly 500 MWp and increasing our overall renewable portfolio to around 1,066 MW. We are happy to contribute with each single renewable energy project towards a more sustainable and cleaner energy supply.

About Blue Elephant Energy AG:
Blue Elephant Energy AG (BEE) acquires and operates Solar Parks and Wind Farms in eight countries with a focus on Western-Europe. Founded in 2016, BEE is currently operating a renewable energy portfolio of 1,066 MW, part of which is under construction and will be grid-connected in 2021. BEE´s renewable energy assets contribute to a sustainable energy supply by saving 800,000 tons of CO2 annually and providing 335,000 households with clean energy. As part of its ESG strategy BEE directly contributes to social projects on a local level, particularly in Chile and in the Dominican Republic. BEE has secured additional 502 MW Solar Park capacity in the context of co-development agreements with a limited range of developers, based on longstanding relationships and mutual appreciation. With equity provided by BEE's shareholders and participation rights capital provided by medium sized insurance companies, BEE has been able to invest well above EUR 1.1 billion since inception.

About Low Carbon:
Low Carbon is a leading renewable energy investment and asset management company committed to the development and operation of renewable energy at scale. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar PV, wind, energy storage, waste-to-energy and energy efficiency.
A certified B Corp, Low Carbon has a proven track record in the development, construction, financing and management of renewable energy assets and remains involved in the projects for the long term with a dedicated asset management team that manages assets on balance sheet and for third parties. The team is actively engaged in the UK and European waste-to-energy market and with a renewable energy pipeline of more than 4GW, the business is well-positioned to capitalise on opportunities as the need for renewable energy and energy security increases.

About Qing:
Qing is a top 50 engineering firm in the Netherlands. Qing's consultants, project managers and engineers deliver innovative and sustainable solutions in the field of industrial automation, special machinery and renewable energy. Their renewable energy development team are specialists in all aspects of the development process, including land contracting, project permitting, technical design, financial and construction management.

Contact:
Blue Elephant Energy AG
Karen Westphal
Jungfernstieg 51
20354 Hamburg
Fon: +49 40 320 27 21 0
Fax: +49 40 320 27 21 02
E-Mail: IR@blueelephantenergy.com

Blue Elephant Energy completes acquisition of 146 MW of PV projects in the Netherlands from CHINT Solar

January 31st, 2020

Blue Elephant Energy AG (BEE), a Hamburg-based independent operator of solar and wind farms completed the acquisition of two photovoltaic parks in the Netherlands with a capacity of 146 MW on December 18th, 2019.

The acquired portfolio consists of two photovoltaic parks located in Groningen and Drenthe, two provinces in the north of the Netherlands. Construction start is taking place in February 2020 while grid connection and start of commercial operations are foreseen prior end of 2020.

Within the national energy generation mix, the portfolio will help to reduce the CO2 emissions in the Netherlands by approximately 80,000 tons and serves the electricity needs of 45,000 households annually from its completion onwards.

CHINT Solar developed the solar parks with the involvement of regional development partners and provincial and municipal support. CHINT Solar further takes over the role as Lead EPC and will remain involved as the Operations and Maintenance provider.
In total BEE has now acquired five projects with a total capacity of 280 MW from CHINT Solar. The first three parks are already connected to the grid and operating. Most recently, the 103 MW project in Midden Groningen was commissioned in early November 2019. It is as of today the largest operating solar park in the Netherlands and the only one that has been connected directly to the high voltage transmission grid.

About Blue Elephant Energy AG

Blue Elephant Energy AG acquires and operates solar farms and wind farms as well as other infrastructure projects in the field of renewable energies. BEE is currently active in five different markets and operates a renewable energy portfolio of 628 MW. BEE´s aim is to build up a high-class portfolio of renewable energy assets to contribute its share towards a bigger renewable energy supply and to provide its shareholders with attractive returns. BEE invests in sustainable projects that generate long term predictable cash flows. BEE partners in particular with project developers who value BEE's reliability and dynamic approach and are looking for repeat business. With equity and equity-like funds provided and committed by BEE's shareholders and Gothaer insurance group, approx. EUR 300 million are available to expand the portfolio. Via the use of project financings at project level, an investment volume of up to EUR 1.1 billion can be realized. BEE is investing in politically stable regions and acquires ready-to-build or operating solar farms and wind farms.

About CHINT Solar

CHINT Solar forms the Renewables division of the CHINT Electric Group, a Shanghai stock-exchange listed company that was founded in 1984 in Wenzhou, China. CHINT's renewable division started activities in 2006 with the establishment of its crystalline silicon solar module manufacturing facility branded as "Astronergy". With over 10 years of stable growth and technical innovation, CHINT holds manufacturing capacities of more than 4 GW annually for solar panels. Its Astronergy brand is listed as Tier 1 solar module provider for consecutive years by Bloomberg. With regard to its downstream activities, CHINT Solar has developed and built worldwide more than 4.5 GW of utility-scale solar projects and holds more than 3 GW in operation. In Europe, CHINT Solar has formed a dedicated project development division in the end of 2016 led by a team with long-standing experience in the development, construction, financing and operation of PV projects. CHINT Solar has established itself as a reliable development partner to local stakeholders and the Renewable Investments sector. Since, CHINT Solar has developed over 300 MW in the Netherlands and is working on an additional pipeline of more than 2 GW of large-scale projects in the Netherlands, Germany, Spain, Portugal and Eastern European countries to contribute to Europe's energy transition.

Acquisition of a wind farm portfolio with a capacity of around 20 MW in Germany

November 14th, 2019

Blue Elephant Energy AG (BEE), the Hamburg-based independent operator of solar and wind farms, acquired an German wind park portfolio with an installed capacity of 22.4 megawatt (MW) on 18 September 2019.

The portfolio consists of 6 wind turbines, which are located in the district of Ludwigslust-Parchim in Mecklenburg-Western Pomerania in the North of Germany. The wind turbines have been in operation since 2016 and 2018 and benefit from feed-in tariffs between EUR 69.7 and EUR 85.8 per megawatt hour (MWh).

BEE expects that the portfolio will contribute more than EUR 4.3 million to the group's annual revenues and will save about 72,840 tons of CO2 emissions annually.

The seller of the portfolio is the energy park developer UKA (UKA). This is already the second transaction between UKA and BEE. Stefan Kath, responsible for sales at UKA, says: "We already got to know BEE last year as a reliable and strong partner and we are pleased about the successful transaction."

With the acquisition of the wind farm BEE expand its German portfolio from 129 MW to 149 MW.

"UKA and BEE both are experienced companies in the field of renewable energies and have helped to drive the energy transition in Germany. The acquisition of the wind farm is another step in the close cooperation of the companies." Says Tim Kallas, Chief Investment Officer of BEE.

Blue Elephant Energy AG acquires and operates solar farms and wind farms as well as other infrastructure projects in the field of renewable energies. BEE´s aim is to build up a high-class portfolio of renewable energy assets to contribute its share towards a bigger renewable energy supply and to provide its shareholders with attractive returns. BEE invests in sustainable projects that generate long term predictable cash flows. BEE partners in particular with project developers who value BEE's reliability and dynamic approach and are looking for repeat business. With equity and equity-like funds provided and committed by BEE's shareholders and Gothaer insurance group, approx. EUR 315 million are available to expand the portfolio, of which EUR 236 million are already invested. Via the use of project financings at project level, an investment volume of up to EUR 1.1 billion can be realized. BEE is investing in politically stable regions and acquires ready-to-build or operating solar farms and wind farms.

Sale of a solar park portfolio with a capacity of around 47 MW in United Kingdom

November 5th, 2019

Blue Elephant Energy AG (BEE), a Hamburg-based independent operator of solar and wind farms, sold its United Kingdom (UK) solar park portfolio with an installed capacity of 47,56 megawatt (MW) to the London-based investor Elm Trading Group, advised by Alpha Real Renewables at very favorable terms.

The portfolio was financed with Bayerische Landesbank and consists of nine operational solar parks that were commissioned between December 2015 and March 2017. The solar parks are located in the regions of South Wales (Wales), Somerset (England) and West Sussex (England). In 2018, the projects contributed EUR 1.2 million to the operating result. Sales in the same year amounted to EUR 5.9 million.

With the sale of its UK portfolio, BEE withdrew its entire operations from the UK. The sale price achieved leads to a significant profit according to IFRS and under the German Commercial Code (HGB) and confirms that BEE's active portfolio management approach increases value of the existing portfolio. The released cash will be invested in attractive opportunities currently available to BEE. In addition, the company is no longer exposed to the ongoing Brexit discussions and eliminates GBP/EUR currency risk.

"With the sale of the UK portfolio, which is just under three years old, we are demonstrating that we are in a position to invest in high-quality renewable assets that also stand up to external due diligence and have substantial hidden reserves that will be released if they are sold", comments Tim Kallas, Chief Investment Officer of Blue Elephant Energy AG.

Blue Elephant Energy AG acquires and operates solar farms and wind farms as well as other infrastructure projects in the field of renewable energies. BEE´s aim is to build up a high-class portfolio of renewable energy assets to contribute its share towards a bigger renewable energy supply and to provide its shareholders with attractive returns. BEE invests in sustainable projects that generate long term predictable cash flows. BEE partners in particular with project developers who value BEE's reliability and dynamic approach and are looking for repeat business. With equity and equity-like funds provided and committed by BEE's shareholders and Gothaer insurance group, approx. EUR 315 million are available to expand the portfolio, of which EUR 236 million are already invested. Via the use of project financings at project level, an investment volume of up to EUR 1.1 billion can be realized. BEE is investing in politically stable regions and acquires ready-to-build or operating solar farms and wind farms.

Acquisition of a solar park portfolio with a capacity of around 26 MW in Italy

July 3rd, 2019

Blue Elephant Energy AG (BEE), the Hamburg-based independent operator of solar and wind farms, acquired an Italian solar park portfolio ("Project Apricus") with an installed capacity of 26 megawatt (MW) on 03 July 2019.

The portfolio consists of 7 solar parks, which are located in Central and Southern Italy. The solar parks are operational since 2011 and 2012 and benefit from feed-in tariffs between EUR 0.108 and EUR 0.259 per kilowatt hour (kWh).

BEE expects that the portfolio will contribute more than EUR 6.5 million to the group's annual revenues and will save about 18,500 tons of CO2 emissions annually.

With the acquisition of the Apricus portfolio, BEE expands its Italian footprint from 42 MW to 68 MW. As a result, the total installed capacity of BEE's solar and wind farm portfolio increases to 508 MW.
Blue Elephant Energy AG acquires and operates solar and wind parks as well as other infrastructure projects in the field of renewable energies. BEE´s aim is to build up a high-class portfolio of renewable energy assets to contribute its share towards a bigger renewable energy supply and to provide its shareholders with attractive returns. BEE invests in sustainable projects that generate long term predictable cash flows. BEE partners in particular with project developers who value BEE's reliability and dynamic approach and are looking for repeat business. With equity and equity-like funds provided and committed by BEE's shareholders and Gothaer insurance group, more than EUR 300 million are available to expand the portfolio. Via the use of project financings at project level, an investment volume of up to EUR 1.1 billion can be realized. BEE is investing in politically stable regions and acquires ready-to-build or operating solar and wind farms.

Acquisition of a wind farm in Rheinland-Pfalz

February 28th, 2018

Blue Elephant Energy AG (BEE), the Hamburg-based independent operator of solar and wind farms, acquired a German wind farm located in Rheinland-Pfalz on 28 February 2018.

The wind farm with a total capacity of 9.23 MW consists of 3 Vestas V112 wind turbines of 3.0 MW each. The wind farm is operational since 2014 and benefits from an EEG feed-in-tariff in the amount of 9.0 EUR cent per kilowatt-hour (kWh).

With the acquisition of the wind farm BEE expands its portfolio to 60 MW in Germany and to 252 MW worldwide.

Blue Elephant Energy AG acquires and operates solar and wind parks as well as other infrastructure projects in the field of renewable energies. BEE´s aim is to build up a high-class portfolio of renewable energy assets to contribute its share towards a bigger renewable energy supply and to provide its shareholders with attractive returns. BEE invests in sustainable projects that generate long term predictable cash flows. BEE partners in particular with project developers who value BEE's reliability and dynamic approach and are looking for repeat business. With equity and equity-like funds provided and committed by BEE's shareholders and Gothaer insurance group, more than EUR 300 million are available to expand the portfolio. Via the use of project financings at project level, an investment volume of up to EUR 1.1 billion can be realized. BEE is investing in politically stable regions and acquires ready-to-build or operating solar and wind farms.

Acquisition of a solar park portfolio with a capacity of around 22 MW in Italy

February 5th, 2018

Blue Elephant Energy AG (BEE), the Hamburg-based independent operator of solar and wind farms, acquired an Italian solar park portfolio with an installed capacity of 22 megawatt (MW) on 25 January 2018.

The portfolio consists of 15 solar parks, which are located within a 50-km radius in the regions Abruzzo and Marche in the Center of Italy. The solar parks have been in operation since 2011 and benefit from feed-in tariffs with EUR 0.291 to EUR 0.346 per kilowatt hour (kWh).

BEE expects that the portfolio will contribute more than EUR 10 million to the group's annual revenues from 2018 onwards.

The seller of the portfolio is VIRIDIS Energia Srl (VIRIDIS), headquartered in Milan, Italy, an Independent Power Producer (IPP) with an established track record of more than 110 MW in the development, acquisition, revamping and management of renewable energy plants. VIRIDIS is an industrial player highly focused on the photovoltaic small and mid-market consolidation process.

"Consistently with our industrial strategy we successfully completed this first portfolio sale and a second one, already under management, will be marketed within 2019 to institutional investors. These sales generate additional resources to boost our green investments pipeline (>250 MW), mainly targeting the domestic renewable energies market in the coming years. We are glad that our first portfolio has been acquired by BEE that is an experienced investor and a reliable partner with whom we want to further enlarge our collaboration in the future", says Paolo Pesaresi, Chairman of the Board of VIRIDIS.

Banca IMI acted as financial advisor to VIRIDIS for the disposal of the solar assets.

With the acquisition of the VIRIDIS portfolio, BEE expands its Italian footprint from 20 MW to 42 MW. As a result, the total installed capacity of BEE's solar and wind farm portfolio increases to more than 240 MW.

"The acquired portfolio fits well into our investment strategy and we are looking forward to deepening our partnership with VIRIDIS in the future as we value their professionalism", says Tim Kallas, Chief Investment Officer (CIO) of Blue Elephant Energy AG.

Blue Elephant Energy AG acquires and operates solar and wind parks as well as other infrastructure projects in the field of renewable energies. BEE´s aim is to build up a high class portfolio of renewable energy assets to contribute its share towards a bigger renewable energy supply and to provide its shareholders with attractive returns. BEE invests in sustainable projects that generate long term predictable cash flows. BEE partners in particular with project developers who value BEE's reliability and dynamic approach and are looking for repeat business. With equity and equity-like funds provided and committed by BEE's shareholders and Gothaer insurance group, more than EUR 300 million are available to expand the portfolio. Via the use of project financings at the project level, an investment volume of up to EUR 1.1 billion can be realized. BEE is investing in politically stable regions and acquires ready-to-build or operating solar and wind farms.