Solarfields, Green-Invest and Rabobank reach financial close for the largest Dutch solar farm Vloeivelden Hollandia

15 juli 2020

Rabobank, Solarfields and Green-Invest Drenthe are proud to announce financial close for the financing of Zonnepark Vloeivelden Hollandia in the Netherlands. A unique feature of this project is the dual usage of land, facilitating both storage of excess process water of the neighboring starch potato facility of Avebe as well as the solar farm, which will be built on elevated racks above the water. The project will be connected to a private grid (GDS).

The 116 MWp solar farm, as far as we know currently the largest under construction in the Netherlands, is being constructed by Ib Vogt supported by Avitec for civil works and will provide over 30,000 households with green energy when finalized. The senior debt package will be provided by Rabobank and is partially funded by KfW under their Erneuerbare Energien program. 

We would like to thank Avebe and our advisors DLA Piper, Eversheds Sutherland, K&S Ingenieurpartnerschaft Krug & Schram, EB Assekuranz, Trip Advocaten & Notarissen, DirkZwager and Rebel for the fruitful collaboration.

About Rabobank Group

Rabobank is an international financial services provider operating based on cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. Rabobank’s Project Finance team has a global presence and a strong focus on advising on, structuring, arranging and underwriting (complex) project finance transactions. The team has a strong focus on the renewable energy and infrastructure sectors. Project Finance generates added value for our clients by combining its expertise across the entire spectrum of financing and in close co-operation with other disciplines within the bank. This is what enables us to provide our clients with services of the highest quality. For more information about the Rabobank Group go to www.rabobank.com.

About Solarfields

Solarfields is a full-service renewable energy company. We feel the urgency to support the Netherlands in reaching its sustainability goals. Therefore, we develop, finance, build, own and manage large scale solar on land, roof and water. We want to contribute to more renewable electricity, less CO2 emissions, local support by participation of the local community in the development of the projects and a stable income for the land or rooftop owners.