ENERGY STORAGE

Aream & Eiffel launch solar-storage developer Aream Solar Ventures

May 7, 2024

Investment manager Aream Group and Eiffel Investment Group, through its managed €200 million investment fund Eiffel Transition Infrastructure, have joined forces to create Aream Solar Ventures, which will develop a pipeline of PV and battery projects.

Under the terms of the agreement, Eiffel will finance the majority of the JV’s future development costs and will acquire 49 per cent of the portfolio from Aream. Aream will be responsible for the development of the PV projects.

The joint venture plans to develop more than 500 MWp of photovoltaic projects in Germany. These include both “traditional open space developments” and agri-PV systems in Mecklenburg-Western Pomerania, Saxony-Anhalt, and Brandenburg. The development phases are expected to take between 18 and 36 months.

Laurent Coubret, investment director at Eiffel, said: “We are very excited to enter the booming German market with the Eiffel Transition Infrastructure fund with Aream which has proven that it can master the entire solar PV value chain.”

Markus W. Voigt, CEO of Aream Group, added: “For Aream, the joint venture is a building block in our German project development portfolio, which continues to grow both in photovoltaics and batteries.”