WindSpace has been developing wind and solar park projects in developing markets in Europe since 2006. The company has a proven track record and international network, both on the investor side as well as in the development chain. The new investment concretely identified onshore wind and solar PV projects in WindSpace’s core geographies Poland and Croatia.
Vincent van Haarlem, Fund Manager Triodos Energy Transition Europe Fund: “We are very excited about this new cooperation with such an experienced wind and solar park developer as WindSpace. Through this investment we will contribute to the energy transition in markets that are complementary to the fund’s current exposure, making this an excellent addition to the existing portfolio.”
Through the development, construction and operation of renewable energy power, WindSpace is accelerating the energy transition. Additionally, as a member of the United Nations Global Compact network, and steering on the frameworks of the Sustainable Development Goals (SDGs), the company is working to fulfil the following SDGs: 5 Gender Equality, 7 Affordable and Clean Energy, 8 Decent Work and Economic Growth, 9 Industry, Innovation and Infrastructure, 12 Responsible Consumption and Production, and 13 Climate Action.
“WindSpace envisions a world that runs entirely on green energy and contributes to this goal by being at the forefront of developing green field solar and wind park projects in European growth markets. We have a lean and dynamic approach to developing our utility-scale project pipeline in close collaboration with our local partners, which enables significant scalability opportunities. The strategic partnership and equity investment by Triodos Energy Transition Europe Fund provides an optimal match for WindSpace. It is the next step in fulfilling our strategic aims of boosting the green energy transition in Europe,” says WindSpace CEO Jens Elton Andersen.
Following this investment, Sonja de Ruiter, Senior Investment Manager at Triodos IM will join the Board of Directors of WindSpace.
For more examples of other investments of Triodos Energy Transition Europe Fund, please visit the Impact Report 2021.