Blue Elephant Energy AG

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Nachricht vom 26.01.2022 | 08:00

Blue Elephant Energy expands its PV portfolio in the Netherlands by 120 MW

DGAP-News: Blue Elephant Energy AG / Key word(s): Contract
26.01.2022 / 08:00
The issuer is solely responsible for the content of this announcement.

The Hamburg-based independent operator of solar and wind plants Blue Elephant Energy AG (BEE) signed the acquisition of six ready-to build solar parks in the Netherlands with an overall capacity of 120 MWp.
The acquired portfolio consists of six photovoltaic parks located in the north-east of the Netherlands. Commissioning is planned for the second half of 2022. The seller Chint Solar developed the solar parks with the support of regional development partners as well as provincial and municipal support. CHINT is also taking on the role of lead EPC.

With an annual saving of 90,000 tons of CO2 emissions, the solar parks in the portfolio contribute to achieving the climate targets set in the Netherlands by 2035.

By acquiring the six PV parks, BEE expands its portfolio to 621 MW in the Netherlands and to 1,228 MW worldwide.

Tim Kallas, Chief Investment Officer of Blue Elephant Energy, comments: "We are pleased to add another 120 MW to our growing solar portfolio in the Netherlands with this transaction. The acquisition strengthens our overall portfolio and allows us to be part of the renewable energy expansion path in the Netherlands. With Chint, we have a long-standing partnership and a reliable partner on site."

Oliver Schweininger, Managing Director/CEO of Chint Solar Europe: "We are very proud that by developing six more solar parks, we significantly contribute to a future of sustainable and clean energy in the Netherlands. Blue Elephant Energy and Chint Solar share that same ambition, so we are very pleased to have sold our portfolio to them again."

About Blue Elephant Energy AG:
Blue Elephant Energy AG (BEE) develops, acquires, and operates solar parks and wind farms in eight countries with a focus on Western-Europe. Founded in 2016, BEE is currently operating a renewable energy portfolio of 1,228 MW, part of which is under construction. BEE's renewable energy assets contribute to a sustainable energy supply by saving 800,000 tons of CO2 annually and providing 335,000 households with clean energy. As part of its ESG strategy BEE directly contributes to social projects on a local level, particularly in Chile and in the Dominican Republic. BEE has secured around 1.500 MW of further solar farm capacity in the context of (co)-development agreements with a limited range of developers. With equity provided by BEE's shareholders and participation rights capital provided by medium sized insurance companies, BEE has been able to invest around EUR 1.2 billion since inception.

About Chint Solar:
CHINT was founded in 1984 and is a leading global provider of smart energy solutions with an extensive business network across over 140 countries with more than 30.000 employees and an annual sales revenue of
EUR 13.9 billion in 2021.

In 2006 Chint Solar was established and is listed at the stock exchange market as one of the top renewable energy companies. Chint Solar has become a key player in the solar industry with more than 6.000 employees. Besides specializing in crystalline module manufacturing, Chint Solar is also a leading global downstream project developer being active in project development, financing, realization, and operation of solar parks. With over 8.0 GWp completed projects in different regions, Chint Solar has built a significant track record. Chint Solar keeps 5.0 GWp solar projects around the world on its balance sheet, which makes it one of the largest independent renewable power producers. In 2016, Chint Solar formed a dedicated European project development team and is active in project development in Germany, Netherlands, Spain, Portugal, France, Italy, Hungary and Poland.

Blue Elephant Energy AG

Karen Westphal
Jungfernstieg 51
20354 Hamburg
Fon: +49 40 320 27 21 0
Fax: +49 40 320 27 21 02

26.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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