New special AIF investing in US solar projects

04.11.2019

Two projects in North and South Carolina will be acquired shortly

 

hep is offering a new country-specific alternative investment funds (special AIF) for semi-professional and professional investors. Through special purpose vehicles, the AIF invests in solar parks in the United States.

 

Currently, the United States are the second largest solar market worldwide. Due to energy policy being decided on state level, many states show high growth rates in renewable energy projects. Since 2016, over 10 gigawatts of solar energy are being added each year. Analysts from the US-American research company Bloomberg predict that 43 % of the US energy demand will be covered by solar and wind energy in 2050.

 

hep maintains an office in Portland, Maine, and just recently announced a strategic partnership with US-american project developer ReNew Petra. Together, the joint venture plans to develop more than 100 megawatts of distributed solar annually.

 

Shortly, the special AIF will be acquiring the two solar projects „NC Clear“ in North Carolina and „Limelight Solar III“ in South Carolina with a combined capacity of 8.7 megawatts. Construction is expected to begin at the end of 2019.

 

About hep

hep is a renewable energy company headquartered in Germany which performs all services along the life span of a solar park: from project development to construction and long-term operation. Uniquely, hep adds financial expertise to its portfolio and designs solar investments of various durations and with different risk-return profiles. German investors enjoy the opportunity to invest in the global solar market, thereby funding project development, construction or long-term operation.

 

Due to the exclusive focus on solar parks and solar investments, the company features both in-house specialists on site in Germany, Japan, Taiwan and the USA as well as a global network of trusted business partners and service providers.