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Self sustaining energy producer (IPP) Dice Inexperienced Vitality, a subsidiary of US funding manager I Squared Capital, has got German agrivoltaics (agriPV) developer SUNfarming.
As half of the deal, I Squared will invest over €500 million (US$537.1 million) into constructing out SUNfarming’s agriPV pipeline till 2028, which entails a full capacity of shut to 2GW. SUNfarming already has 650MW of PV projects in operation all thru Europe, and is working with the SPIE neighborhood to kill Europe’s largest agriPV project, the Klimapark Steinhöfel agriPV facility in Germany, that can dangle a full energy generation capacity of 753MW.
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I Squared famed that it has invested US$7 billion in the energy transition in the last decade, but didn’t specify the worth of the acquisition of SUNfarming. The three companies fervent question the transaction to internal sight the first quarter of 2025, and SUNfarming “founders and key management” will reduction minority shareholding positions in the corporate and continue of their present roles.
“This transaction marks an exhilarating subsequent stage for our company and brings us a undoubtedly valuable step nearer to the wanted arrangement of riding the energy transition and organising a greener future,” acknowledged SUNfarming founder Peter Schrum. “I Squared’s funding by method of Dice Inexperienced Vitality affords extra tailwind to SUNfarming’s dynamic pattern and underlines our mighty position in the agriPV market.”
Dice Inexperienced Vitality has centered its investments on the German PV sector, with bigger than 500MW of capacity beneath pattern, bigger than in any assorted country. The company currently has 80MW of capacity in operation in Germany, alongside 56MW of working capacity in France and 5MW in Italy.
Whereas Europe’s agriPV alternate has normally been touted as a sector with substantial doable, higher policy improve is more likely to be valuable if this doable is to be realised. This week, alternate physique SolarPower Europe called for the integration of agriPV into present environmental policy standards to flee the adoption of the practice internal the continent.
The European agriPV sector would possibly maybe maybe well agree to in the footsteps of assorted industries, corresponding to residential picture voltaic. This is the opinion of Roman Karbowy, who spoke to PV Tech Top price this week regarding the position of puny-scale picture voltaic and agriPV in Poland specifically, and how the deployment of the aged has benefited from supportive policy, which would possibly maybe maybe well space a precedent for agriPV in the country.
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Roman Karbowy of the Polish Photovoltaics Association spoke completely to PV Tech Top price about Poland’s picture voltaic ‘revolution’.
‘This revolution got right here not from the huge-scale PV, but began from the undoubtedly puny scale, as much as 1MW installations,’ says Roman Karbowy.
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