A partnership created by a fund managed by Impax Asset Management and Bullfinch Asset has acquired a solar system portfolio in Germany.

The partnership, known as Greenfinch, said it has bought the solar portfolio worth “millions of euros” from photovoltaic systems and electricity storage devices lessor DZ-4.

The portfolio includes about 2,200 individual rooftop systems, consisting of solar systems and battery storage.

Daniel von Preyss, the head of private equity/infrastructure at Impax Asset Management said: “The partnership with DZ-4 is an excellent addition to Greenfinch’s portfolio of decentralised generation assets, which is an exciting area of development in the renewables sector.”

Niklas Winter, managing director and COO at DZ-4, said: “Every solar system promotes decentralised generation of electricity and is an important step for the energy transition. The past few months have shown once again how important it is to rapidly expand renewable energies.

“Not just to be able to do without climate-damaging fossil fuels in the future, but also to promote independence in terms of energy policy and to slow down the sharp rise in electricity costs. With the support of Greenfinch, we are getting closer to this goal.”

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