Ampyr Solar Europe has sold a 49 percent interest in its Elsterheide solar and battery project in Saxony, Germany, to Daiwa Energy and Infrastructure, a wholly owned subsidiary of Daiwa Securities Group, the companies announced. Ampyr retains 51 percent and will continue to develop, operate and manage the asset, with Daiwa as long term investment partner for the operating phase.
Elsterheide was recently commissioned with 157 megawatts of solar capacity and an 80 megawatt hour battery, on more than 130 hectares across Elsterheide and Hoyerswerda. It began as a 20 megawatt project and was expanded in phases, adding storage and an import grid connection alongside its export capacity so the battery can charge from the grid as well as the solar plant.
Its revenue is contracted in layers: a long term power purchase agreement covering 120 megawatts, a battery tolling contract, a Guarantees of Origin sale, and support under Germany’s Renewable Energy Sources Act for a further 40 megawatts. NORD/LB provided debt financing through an existing framework facility with Ampyr, which also supplied the construction equity now partly recycled by the sell down.
Financial terms were not disclosed. The structure is the point: a Japanese securities group’s infrastructure arm takes a minority operating stake, the developer keeps control and fees, and both frame it as the first asset of a longer partnership.