Wedoany.com Report-Jun 15, SUSI Partners has completed the sale of a 76MW portfolio of operational utility-scale solar photovoltaic (PV) assets in the Netherlands to Ingka Investments, the investment division of Ingka Group—the largest IKEA retailer globally. The transaction marks a significant milestone for SUSI Renewable Energy Fund II (SREF II), with 80% of the fund’s assets now divested based on invested capital.

The Dutch solar portfolio comprises three utility-scale solar PV parks with a combined average annual electricity generation of 67 gigawatt-hours (GWh). This output is sufficient to meet the annual electricity needs of nearly 24,000 households in the Netherlands. To date, the portfolio has contributed to avoiding over 100,000 tonnes of carbon dioxide emissions.

SUSI initially acquired these assets in 2019, coinciding with the beginning of their commercial operations. The company has since overseen six years of asset management. The successful sale to Ingka Investments reflects both the maturity of the assets and their strong operational performance.

The transaction is aligned with Ingka Group’s ongoing investment strategy to support renewable energy development and secure clean energy sources for its business operations. It adds to the group’s existing renewable energy portfolio, contributing to its sustainability and energy transition goals.

SREF II was launched by SUSI in 2014 and focused on investing in onshore wind and solar PV assets across Europe. Most of the fund’s projects were acquired at the ready-to-build stage. Over time, these assets have established a stable track record in terms of energy production and operational efficiency.

The sale highlights growing interest in utility-scale renewable energy assets, particularly those with established performance records. It also demonstrates continued investor confidence in the renewable energy sector in Europe, particularly in countries like the Netherlands that have supportive regulatory environments and demand for clean energy.

Through this latest transaction, SUSI Partners continues to advance its objective of managing capital in alignment with energy transition goals. Ingka Investments’ acquisition, meanwhile, strengthens its role in expanding access to renewable electricity and contributes to broader decarbonization efforts.

This development reflects a broader trend of institutional investors seeking stable, long-term assets in the renewable energy space, where performance data and environmental benefits are increasingly important factors in investment decisions.