PowerField is a leading company in smart and innovative energy solutions whereby it develop, build and manage solar parks, charging stations and storage systems with an overarching ambition to build the largest virtual power plant in Europe over the coming years. For more information, read PowerField's press release.
The current investment made by EIG is, together with funds provided by LBBW (Landesbank Baden-Württemberg), to support PowerField’s plans to develop an integrated platform on which solar parks, charging stations for electric cars (EVs) and batteries complement each other and thereby contribute to a more sustainable world.
Although EIG’s total assets under management are over EUR 22 billion, its investment in PowerField marks just one of their first investments within the European Union.
Lead partner Harm Kerstholt commented: “This deal applied an innovative financing structure that is rarely used in the energy sector and required very close and pleasant cooperation between our corporate and finance group”.
The team further consisted of David Vietor, Stephan Huis in het Veld, Ole de Vries, Iris Kieft, David Wumkes, Redmar Warning, Keri van Ettekoven, Else Bavinck, Eline van Leeuwen and Lema Jamalov.
Het Financieele Dagblad: Zonneparkbouwer PowerField haalt €500 mln op voor verdere groei