- Eiffel Investment Group and aream Group have launched a JV called Aream Solar Ventures
- The JV is tasked with the development of more than 500 MW of solar PV projects in Germany over the next few years
- While aream will look after project development, Eiffel will finance the portfolio via the Eiffel Transition Infrastructure fund
A new joint venture (JV) established by European asset managers aream Group and Eiffel Investment Group will undertake the development of more than 500 MW of solar PV projects in Germany over the coming years.
The new venture Aream Solar Ventures’ portfolio will include both traditional open space developments as well as agrivoltaic or agri-PV systems. Focus regions will be Mecklenburg-Western Pomerania, Saxony-Anhalt, and Brandenburg.
It expects individual development phases to take between 18 months and 36 months.
France’s Eiffel will finance the majority of the JV’s future development costs and acquire 49% of the portfolio from aream via its investment fund Eiffel Transition Infrastructure. Aream Solar Ventures is the 6th investment in Europe for the fund that has a portfolio of more than €200 million.
On the other hand, aream brings its knowledge of the project development business to the table.
“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. Together, we are combining all the strengths to make this JV a great success,” said Investment Director at Eiffel, Laurent Coubret.
A year ago in April 2023, Eiffel joined hands with Green Genius to build a 500 MW solar park portfolio in Italy (see New Solar Joint Venture In Italy).
