Published - June 21st, 2019
NPM Capital is acquiring a majority stake in Rooftop Energy (RTE). RTE develops and operates solar power plants in the Netherlands, mainly on the rooftops of commercial buildings. Established in 2011, the Rotterdam-based company has a track record of approximately 175 projects. RTE also develops ground-based projects such as the Bavelse Berg development, a former landfill, with approximately 100,000 solar panels being placed this year.
RTE’s founders, Leendert Florusse and Raymond Steenvoorden, will keep a share in the company and will remain involved in its activities. The Supervisory Board will be extended with the membership of Stephan van Dongen, investment director at NPM Capital, and Jeroen de Haas, the former CEO of Eneco. In addition to his supervisory role, Mr De Haas will actively advise and support the company in its pursuit of expansion. Since the establishment in 2011, RTE has grown into one of the largest developers and operators of solar power plants in the Netherlands. At the end of 2019, RTE expects to have realised a total of 200 projects with a combined capacity of over 100 MWp (Megawatt peak), enough to power 30,000 households. The company currently has 25 employees, a number that is expected to increase significantly in the next few years.
RTE distinguishes itself in the sustainable energy market by offering clients a full-service approach, from design and financing through to planning, installation and operations. This leaves clients free to focus on their core activities, in the knowledge that they are at the same time making a significant contribution to a more sustainable society.
Stephan van Dongen, investment director at NPM Capital, said: “In the next few decades we have to make the transition to a 100% sustainable energy system. We are pleased to have found this unique investment opportunity as we firmly believe that solar energy will play an important part in the energy mix of the future. We are impressed with the way the RTE team has been able to lay the foundation for further investments in the energy transition. Furthermore, we are delighted that Jeroen de Haas will also be actively involved with the company in an advisory role. We know each other well, and – even before this acquisition – have been jointly operating in the identification of suitable opportunities for investment in the world of sustainable energy.”
Photo credits: rooftopenergy.nl