Alternative asset manager Conquest has marked its entry into the Nordics infrastructure market with the acquisition of a 30MW Danish solar park.

Conquest said it has agreed to buy the Naessundvej solar park in the Jutland region of northwest Denmark from European Energy, without disclosing any financial details.

According to people familiar with the matter, the €300m asset manager is investing around €20m to acquire the asset. IPE Real Assets also understands that the solar farm has signed a power purchase agreement with technology giant Google.

The deal represents Conquest’s debut Nordics infrastructure investment and follows investments in the French market in 2017 and 2018 and an investment in the Benelux region last year.

Frédéric Palanque, president and founder of Conquest, said: “This transaction perfectly illustrates our investment strategy to build long-term industrial partnerships with global developers and platforms of sustainable Infrastructure assets in Europe.

“Conquest has been involved in the energy and digital transition since 2012, and our ambition is to expand, thanks to the continuing trust and commitments of our limited partners, to finance and accelerate the transformation of our society and its essential infrastructure assets towards a more responsible growth model.”

Knud Erik Andersen, CEO of European Energy, said: “We are delighted to hand this important solar park off to Conquest and hope to work together on future investment opportunities within our broad European portfolio.

”In the meantime, we are going to take care of Conquest’s investment as we have also agreed to take on operation and management of the solar park.”

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