Aream Group (aream) and Eiffel Investment Group (Eiffel), through its managed investment fund Eiffel Transition Infrastructure, have joined forces in April 2024 by creating Aream Solar Ventures. The joint venture will develop a pipeline of PV and battery projects over the coming years. Under the terms of the agreement, Eiffel will finance the majority of the JV’s future development costs and acquires 49% of the portfolio from aream. “We look forward to working with Eiffel, an experienced financial partner in the development of renewable energy projects”, comments Markus W. Voigt, CEO of aream Group.

aream who not only understands and masters the project development business well, but also thinks from a financing perspective will be responsible for the development of the PV projects. The financing partner is Eiffel Transition Infrastructure, an investment fund managed by Eiffel with a capacity of more than 200 million euros, for which Aream Solar Ventures is the 6th investment in Europe. 

The joint venture plans to develop more than 500 MWp of photovoltaic projects in Germany in the coming years. These include both traditional open space developments and agri-PV systems in Mecklenburg-Western Pomerania, Saxony-Anhalt, and Brandenburg. The individual development phases are expected to take between 18 and 36 months.

“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. Together, we are combining all the strengths to make this JV a great success,” says Laurent Coubret, Investment Director at Eiffel. “For aream, the joint venture is a building block in our German project development portfolio, which continues to grow both in photovoltaics and batteries,” says Markus W. Voigt.