CMS has advised SUSI Partners on the sale of a 76 MW portfolio of operational utility-scale solar PV assets in the Netherlands to Ingka Investments, the investment arm of the largest IKEA retailer Ingka Group. With this transaction, SUSI has now successfully exited 80% of the SUSI Renewable Energy Fund II’s (“SREF II”) assets.
The 76 MW portfolio consists of three utility-scale solar PV parks combining for an average annual power production of 67 GWh. This is enough to cover the electricity consumption of nearly 24,000 Dutch households, and accounts for more than 100,000 tonnes of avoided CO2e emissions to date. SUSI had acquired the assets throughout 2019 upon the sites entering commercial operations and has now sold them to Ingka Investments after 6 years of diligent asset management.
SUSI Partners is an independent, specialist investment manager with a longstanding track record in providing institutional investors with access to private, mid-market infrastructure opportunities arising from the energy transition.
The CMS team was led by Cecilia van der Weijden and comprised of Marcellina Rietvelt, Marco Boudens, Pieter de Kanter, Tijl Poen, Jenny Noordermeer, Mathijs van der Veen, Femke Stroucken, Mariëlle de Blok, Alexander IJkelenstam, Martijn van de Bie, Elisabeth von Meijenfeldt, Herman Boersen. From CMS in Germany, the following members worked on this transaction: Stefanie Heuer, Julia Runge, Holger Kraft and Matthias Sethmann.
