Transactions - MAY 2, 2017

Dutch firm invests $200m into U.S. residential solar

by Andrea Waitrovich

PGGM, the Netherlands’ second biggest pension fund, has entered into an agreement with SolarCity on an investment in a portfolio of 38,000 solar energy systems set up in 21 states in the United States. Together it will account for about 275 megawatts of power.

The investment is approximately  €200 million ($218 million). The acquisition is part of PGGM’s plan to invest in more long-term investments in sustainable energy projects and companies. In addition, PGGM expects to achieve an “attractive and stable return.” It is the pension fund’s first investment in this form of renewable energy generation.

Tesla acquired SolarCiy in November of last year.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy