Eurus Energy Group, a Japanese renewable energy company, has announced it has completed the acquisition of nine wind farms in Netherlands from the Yard Energy Group, a wind energy developer in the Netherlands.
The projects, whose capacities ranges from 2.3 MW to 12 MW, has a total output capacity of 72.5 MW. The projects have signed Power Purchase Agreemments with Scholt Energy Control, Eneco, GETEC Energie.
The portfolio includes the following projects: 9 MW Zoetermeer, 5.2 MW Lely, 9.2 MW Boerderijweg, 9.9 MW Tolhuis, 9.9 MW Dalfsen, 2.3 MW IJslandweg, 5 MW Oesterdam, 10 MW Van Gog and 12 MW Netterden.
The projects are Eurus Energy’s first wind farms in the Netherlands. Eurus is determined to further business activities in the the country with the acquisition of wind farms and before the prevailing business wind firmly established for the development of renewable energies.
The Netherlands is endeavoring to ensure a stable and economic supply of energy in compliance with the energy policy of its own as well as EU's own. The Netherlands espouses, as a basic policy, the introduction and expansion of renewable energies to provide against global warming, and has already installed 3,430 MW of wind farms as of the end of 2015. Of the installed wind farm capacity, 3,000 MW is generated by onshore wind farms. It is planned to increase onshore wind farm capacity up to 6,000 MW by 2023.
In October, Eurus completed another acquisition with Yard Energy. The company took over two wind farms in Finland with a total output capacity of 27.5 MW from Maas Capital Renewables, 100% owned by ABN AMRO Bank N.V., and Yard Energy Group.
With these acquisition, Eurus extends its global operational renewable project portfolio to 11 countries.