Aream Group and Eiffel Investment Group Form Aream Solar Ventures to Develop PV and Battery Projects

Aream Group (aream) and Eiffel Investment Group announced the establishment of Aream Solar Ventures, a joint venture aimed at developing a pipeline of photovoltaic (PV) and battery projects in Europe. Under the agreement, Eiffel will finance the majority of the joint venture’s future development costs and acquire 49% of the portfolio from aream.

Markus W. Voigt, CEO of aream Group, expressed enthusiasm about the collaboration with Eiffel, citing their experience in financing renewable energy projects. aream will spearhead the development of the PV projects, leveraging its expertise in project development and financing.

Eiffel Transition Infrastructure, an investment fund managed by Eiffel with a capacity of over 200 million euros, will provide financial support to the joint venture. Aream Solar Ventures marks the fund’s 6th investment in Europe.

The joint venture aims to develop more than 500 MWp of photovoltaic projects in Germany in the coming years, including both traditional open space developments and agri-PV systems in various regions. Development phases are expected to span between 18 and 36 months.

Laurent Coubret, Investment Director at Eiffel, expressed excitement about entering the German market with Aream Solar Ventures, highlighting aream’s proven capabilities in the solar PV value chain. Markus W. Voigt emphasized the joint venture’s significance in expanding aream’s project development portfolio in Germany, encompassing both photovoltaics and batteries