nebras power netherlandsfactset investor day 2018
Its mandate is to own, develop and invest, in greenfield developments and brownfield projects, in the sectors of power and water, in the Netherlands and internationally.Zon Exploitatie Nederland Holding B.V. (ZEN) is a limited liability company with its headquarter in Delft, the Netherlands and a developer, EPC contractor and operator of large scale (rooftop) solar energy projects through its subsidiaries Zonhandel B.V., Zon Exploitatie Nederland B.V. ZEN is one of the largest developers in the Netherlands. We were happy to support our Netherlands affiliate in executing this transaction for Nebras,” he added.Chief Executive Officer of ZEN Michel Peek stated: “The agreement brings ZEN to a completely new level as a developer, EPC contractor, and operator and will support the deployment of an ambitious growth strategy in solar energy projects in the Netherlands to become a European market leader.
We are very pleased with the progress achieved so far and expect it to continue. Fahad Al-Mohannadi, Chairman of the Board, stated "Nebras operates very closely with its shareholders and enjoys their full support as well as the support of the Board of Directors. We are proud of this leap forward in our performance and the strength of partnership that exists between Nebras and ZEN”.Commenting on the deal, Faisal Al Siddiqi, Business Development Director of Nebras said, “We look at ZEN primarily as an excellent new business development opportunity, building on an already sizable base, in a rapidly growing market. Nebras Power Investment Management, a Dutch affiliate of Nebras, is acquiring 75% stake in Zon Exploitatie Nederland Holding (Zen), a leading developer and operator of solar power generation assets in Netherlands. ("Nebras") has established its international business hub in the Netherlands in the form of a wholly owned subsidiary, Nebras Power Netherlands BV ("Nebras Netherlands").Nebras Netherlands has been incorporated with the purpose to invest in the global power and utilities market space. (Nebras) has signed a binding agreement to acquire 75 percent equity stake in Zon Exploitatie Nederland Holding B.V. (ZEN), a leading developer and operator of solar power generation assets in the Netherlands.The acquisition provides Nebras with access to the attractive and fast-growing Netherlands renewable power market and is in line with Nebras stated objectives of establishing itself as a leading international power developer.ZEN currently has 96MW of solar capacity in operation, under construction or ready for construction and intends to grow further, taking advantage of the supportive policy of the Netherlands government. Also, responsible for establishing and leading the compliance of the Netherland Business with relevant business plans, strategies, laws, regulations and corporate governance standards. NPIM is the international investment management platform of Nebras Power Q.P.S.C. "Faisal Al Siddiqi, Director of Business Development added "It is my pleasure to witness the setup of Nebras Power Netherlands which reflects Nebras Power’s dedication to realize the shareholders ambitions of expanding globally on a balanced and planned manner for achieving its strategic objectives".Copyright © 2017 ME Business Wire Ltd. All rights reserved. Find company research, competitor information, contact details & financial data for Nebras Power Investment Management B.V. of Amsterdam, NOORD-HOLLAND. ZEN joins the growing portfolio of Nebras assets spread from Europe to the Middle East and South East Asia.Commenting on the agreement, Chairman of the Board of Nebras Fahad Hamad Al Mohannadi said: “The acquisition by our Dutch affiliate of a controlling stake in ZEN is the first step in the direction which we have planned since the very inception of Nebras four years ago.
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