aream Group and Eiffel Investment Group Collaborate to Form Aream Solar Ventures

aream Group and Eiffel Investment Group have announced the establishment of Aream Solar Ventures, a joint venture aimed at spearheading the development of photovoltaic (PV) and battery projects in Germany. 

The partnership, solidified in April 2024, marks a significant milestone in the renewable energy sector, leveraging the expertise and financial backing of both entities.

Under the terms of the agreement, Eiffel Investment Group, through its managed investment fund Eiffel Transition Infrastructure, will play a pivotal role by financing the majority of the joint venture's future development costs and acquiring a 49 percent stake in the portfolio from Aream Group. Markus W. Voigt, CEO of aream Group, expressed enthusiasm about the collaboration, stating, "We look forward to working with Eiffel, an experienced financial partner in the development of renewable energy projects."

aream Group, renowned for its adeptness in project development and financing perspectives, will assume responsibility for the development of the PV projects within the joint venture. Backed by Eiffel Transition Infrastructure, an investment fund with a robust capacity exceeding 200 million euros, Aream Solar Ventures marks the fund's sixth investment in Europe, highlighting its commitment to fostering sustainable energy initiatives.

The joint venture's ambitious agenda entails the development of over 500 MWp of photovoltaic projects across Germany in the forthcoming years. These projects encompass both conventional open-space developments and innovative agri-PV systems situated in Mecklenburg-Western Pomerania, Saxony-Anhalt, and Brandenburg. Anticipated development phases are slated to span between 18 to 36 months, reflecting the meticulous planning and execution required for sustainable energy projects.

Laurent Coubret, Investment Director at Eiffel, expressed excitement about entering the thriving German market through the joint venture, stating, "We are very excited to enter the booming German market with the Eiffel Transition Infrastructure fund with Aream, which has proven that it can master the entire solar PV value chain." Markus W. Voigt echoed this sentiment, emphasizing the joint venture's pivotal role in aream Group's expanding German project development portfolio, encompassing both photovoltaics and batteries.