The partnership will allow Capital Stage to access multiple solar projects in Europe and Mexico in the next three years.
The deal will enable Capital Stage to increase its generating capacity from around 1.4GW to about 2.5GW capacity.
Capital Stage will be provided with exclusive access to European solar projects with a generating capacity of around 363MW in the first phase of the strategic partnership.
The projects comprised of a 300MW solar PV plant in Spain, 46 MW solar PV facility in Netherlands and 17MW solar PV plant in France. Around €330m will be invested in the European solar parks.
Capital Stage's existing funding facilities will be used to finance the exclusively offered solar parks in Europe.
The agreement will also allow Capital Stage to purchase 100% stake in planned solar parks by Solarcentury. It covers parks providing additional capacity of around 700MW in Europe and Mexico.
At present, projects with around 484MW generating capacity are planned in Mexico. In addition, the partnership is providing an option to access secondary renewable energy market in the UK.
Capital Stage CEO Dierk Paskert said: “The strategic partnership with Solarcentury is an important milestone for Capital Stage. It gives us exclusive access to a highly attractive asset pipeline in close cooperation with a veteran solar power developer and operator.”
Solarcentury CEO Frans van den Heuvel said: “With this framework agreement, Solarcentury becomes a fully integrated platform that develops, constructs and operates solar and storage assets.”
