London’s AMPYR Solar Europe acquires Dutch-based SolarEnergyWorks: Know more here

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UK-based AMPYR Solar Europe (ASE), a pan-European solar developer and independent power producer (IPP), announced that it has acquired the Dutch-based SolarEnergyWorks’ (SEW) solar business for an undisclosed amount.

The acquisition also includes SolarEnergyWorks’ team of 15 professionals and a 100 MWp project portfolio of ready-to-build projects and 650 MWp of projects under development.

Eric van der Gun, co-founder of SolarEnergyWorks, says, “Finding a buyer with the right philosophy and attitude was as critical to our selection as financial strength. In AMPYR Solar Europe we have found a company with complementary competencies, appropriate DNA, and vision for the development of the solar industry in the Netherlands. I am confident that the new company will create a high-quality and comprehensive portfolio of Dutch solar energy projects.”

“We make solar energy work”

As energy transition creates opportunities, SolarEnergyWorks advises, connects, and represents companies that want to convert these opportunities into projects. The company says it is a specialist with experience and knowledge in the field of project development and financial and tax structuring.

SolarEnergyWorks has already developed solar parks throughout the Netherlands. Several large and high-profile solar parks have been completed in recent years. The company is active in all processes that enable the feasibility of a project and also takes care of the application and substantiation of the environmental permit (Wabo procedure) and of the SDE++ subsidy.

Aim of this acquisition

With this deal, ASE says it will be one step closer to becoming a major independent solar power producer in Europe, with a development pipeline of solar PV assets totalling over 1 GWp in the Netherlands and 6 GWp overall, including Germany and the UK.

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Alexander Koeman, MD of ASE Netherlands, says, “SEW has successfully assembled a portfolio of high-quality solar power generation assets across the Netherlands, therefore we are delighted to have completed this acquisition. The acquisition of SEW complements our existing Dutch business very well and will help accelerate our long-term plans in terms of portfolio growth, talent addition, local presence, and the renewable energy transition in general.”

Post this acquisition, AMPYR Solar Europe will grow its team strength to 22 people in the Netherlands and add Utrecht as another office location. In total, AMPYR Solar Europe now employs 60 people across its operations in the UK, the Netherlands, and Germany, and has a combined large-scale solar project pipeline of over 6 GWp.

Brief about AMPYR Solar Europe

AMPYR Solar Europe is an Independent solar developer with in-house end-to-end capability across asset development, construction, operations, and power sales. 

In February 2021 the company announced the creation of AMPYR Solar Europe through the merger of NaGa Solar with the existing Ampyr Energy UK solar joint venture between AGP Group and Hartree Partners.

Headquartered in London and Maastricht, AMPYR brings together AGP’s experience in developing large-scale renewable power projects, Hartree’s power trading analytics, and zero carbon solutions with NaGa’s in-depth local knowledge and land development prowess. The company says, combining these skills will speed up the build-out of solar capacity and offers an opportunity for institutional investors to deploy over €1B of funds and generate a reliable, long-term income.

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Vishal Singh

Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication's social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

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