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Vattenfall expands PV business in the Netherlands

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Vattenfall expands PV business in the Netherlands



The company’s Dutch unit, Nuon, has agreed to acquire three solar projects totaling 27.5 MW of capacity from Powerfield. The projects will be developed under the Netherlands’ SDE+ program, for large scale renewables.

Dutch power provider Nuon has further expanded its PV business in the Netherlands through the acquisition of three utility scale PV projects from local developer Powerfield, for an undisclosed sum.

The company said the projects are in Coevorden (7 MW), Gasselternijveen (3.5 MW) and Friesland (17 MW), and they will be built under the SDE+ program for large scale renewables, with the third project still requiring a final permit. The projects are expected to be finalized in early 2019.

Nuon, a unit of Swedish utility Vattenfall, started to invest in solar a year ago, after several years of experience in the wind sector. At the time, the company said it intended to implement solar projects co-located with wind farms. It also said its PV project pipeline had reached 200 MW and it had secured a permit to deploy around 12 MW of storage capacity in the Netherlands.

Nuon announced its plan to combine solar with wind power facilities in the Netherlands in February. In April it started to offer bonds to customers, as well as to customers of other power providers, to raise funds for the financing of its Netherlands solar pipeline.

The company’s solar and batteries unit is operating in three segments in the Dutch solar and renewable energy market: large scale solar, decentralized solar – B2B customers with large roofs – and batteries: large scale and decentralized on B2B premises.

As for Vattenfall, its solar plan envisages investing SEK2 billion ($226.3 million) in solar and storage energy projects. The utility also agreed in February to buy solar power from three PV farms in Uden, in the Netherlands, totaling 38 MW.

The solar plans of the Swedish energy giant were recently discussed with pv magazine by Claus Wattendrup, head of Vattenfall’s solar and batteries unit.



Source PV Magazine

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