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Public AIF Invests in Record-breaking US Portfolio
“HEP – Solar Portfolio 2 GmbH & Co. geschlossene Investment KG“ Purchased 7 Community Solar Projects in Oregon
By means of a new country-specific special AIF, the public AIF “HEP – Solar Portfolio 2 GmbH & Co. geschlossene Investment KG“ invests in the USA, the second strongest solar market in the world. With 21 megawatts, this is the largest solar portfolio ever purchased for which hep also carries out project development and construction.
From Green Field to Completed Solar Park
After a development phase of only five months, the approximately 21 megawatt portfolio is now ready for construction and will be taken over by the “HEP – Solar Portfolio 2“ fund.
The project development company Solops, with which hep entered into a strategic partnership in February 2020, played a key role in this successful undertaking.
From now on, hep Petra, a solar company in which hep has had a majority stake since July 2020, will take over further development as well as the construction and subsequent operation.
Think Globally, act Locally
All seven projects in the portfolio are so-called community solar projects. These are solar projects in which various electricity consumers – including both private individuals and companies – jointly finance a solar project within a community.
The electricity produced is also used collectively. The financing model is similar to the “Power Purchase Agreements“ with which hep has already gained many years of experience.
Processes and remuneration are contractually stipulated for a period of 20 years. Community solar projects thus follow the basic idea of sustainable development, promoting the energy transition locally and decentralized.
Financing the Worldwide Energy Transition With hep
Falling manufacturing costs, good forecasts and saved CO2-emissions make photovoltaics the key technology of the global energy transition. In 2020 alone, hep solar parks produced around 44,155 megawatt hours of solar energy worldwide.
As a result, over 33.9 kilotons of CO2-emissions were avoided that would otherwise have been generated from fossil fuel power production.
The current public AIF of the Baden-Württemberg-based specialist for solar projects and solar investments, “HEP – Solar Portfolio 2“, enables private investors to participate in a global solar park portfolio.
Through a country-specific special AIF, “HEP – Solar Portfolio 2“ invests in the target markets such as the USA or Japan, in which the company not only has a large project pipeline but also its own company locations.