Alternus Energy Starts Construction of 14 Mwp Solar PV at Rotterdam Airport

Source: www.gulfoilandgas.com 7/7/2021, Location: Europe

Pan-European independent power producer (“IPP”), Alternus Energy Group Plc (ALT) (“Alternus”), is pleased to announce that CEO Andre Kempenaars of Unisun Energy Holding BV (“Unisun”), an Alternus company, took part in a roundtable discussion on July 5th 2021, with acting Minister of Economic Affairs and Climate Policy, Cora van Nieuwenhuijzen and Dick Benschop, president-director of the Royal Schiphol Group, among others, to mark the start of construction of a 14 MWp solar PV installation located parallel to the runway at Rotterdam The Hague Airport (“RTHA”).

This installation will be one of the largest solar parks in the Rotterdam Region and the first solar park located within an international airport boundary in the Netherlands. It will form part of a Smart Energy System (SES) for storage and the regulation of energy flows at the airport marking an important milestone in the RTHA’s journey towards becoming more sustainable. Once operational, the solar park will produce approximately three times the amount of electricity required to operate RTHA annually. The additional electricity generated will be used to power the surrounding areas.

RTHA was recently accredited with the highest level (level 4+) of Airport Carbon Accreditation (“ACA”) sustainability certificate. The ACA is the only global institutionally approved carbon management programme for airports to monitor and reduce their carbon footprints. RTHA is the first airport in the Netherlands to reach level 4+ of this accreditation and only 4 other airports in the world have reached this level.

The solar park is being constructed by Unisun under a joint venture with Rotterdam The Hague Innovation Airport (“RHIA”) partners. The park will benefit from a subsidy under the National Government Stimulation of Sustainable Energy Production and Climate Transition (SDE+) for the first 15 years and thereafter by energy sales to the national grid.

Mr. Andre Kempenaars, CEO of Unisun Energy Holding BV, commented “We’re very happy to finally take off with this special project after taxi for almost 3 years with preparations, and of course to be part of RTHA’s journey towards becoming more sustainable. We intend to have the first energy being sold to the grid by end of 2021”.

Alternus owns the solar park through a Special Purpose Vehicle (“SPV”) which is already fully funded from equity and bank debt. Uper Energy, a wholly owned subsidiary of Unisun will provide O&M services to the park for the next 30 years. The park is expected to go into production in Q4 of 2021 and to generate over EUR 1.5 million of long term annual recurring revenues to Alternus.


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