• Fund advised by EB-SIM invests in Portuguese PV project
• Plant to have an installed capacity of around 16 megawatts
  
• Wind farm expansion planned

Kassel, December 12, 2023: An Article 9 fund advised by EB – Sustainable Investment Management GmbH (EB-SIM) is investing in a ground-mounted photovoltaic project in Portugal. The project is being implemented in the Alentejo region by the experienced developer Teixeira & Lima, S.A. The PV park is scheduled for completion in February 2024 and will have a maximum capacity of almost 16 megawatts.

With this investment, EB-SIM is further expanding its Europe-wide expertise in the field of renewable energies. It now manages investments in 47 plants with a total output of 2.93 gigawatts in seven countries outside Germany.

The project in Alentejo is to be expanded to include a wind farm with an installed capacity of up to 12.4 megawatts by April 2026. When the project was awarded to EB-SIM, its flexibility and willingness to deal with the specific project in detail were decisive factors in order to adequately assess the value of this complex overall project and manage its further implementation. The fact that EB-SIM only offers and manages sustainable and impact-oriented funds was also important.

“This project shows that our aim of achieving a double return for investors – a positive ecological and a positive economic return – is also working internationally,” says Dr. Bernhard Graeber, Managing Director and Head of Alternative Assets at EB-SIM. “The location is particularly efficient due to the high level of solar radiation together with wind in the morning and evening hours and can therefore be expected to generate good yields. We can also use the project to further diversify the portfolio of a fund we advise.”

The PV project has a planned capacity of 15.59 megawatts peak and is to be built with bifacial monocrystalline Perc PV modules with tracking from the manufacturer Risen Energy and inverters from the market leader Huawai. The PV park will also include the construction of an 8.65-kilometer transmission line connecting the project to the feed-in point at the entrance to the next largest town.

In total, the electricity generated by the project can avoid around 12,540 tons_{of CO2 equivalents} per year based on Portugal’s national electricity mix and supply around 10,800 four-person households.

“We thank EB-SIM for the trust they have placed in us,” says Antonio Lima Teixeira, owner and CEO of Teixeira & Lima, S.A. “We are very pleased to continue implementing the project together with EB-SIM, providing high level technical services to the PV park and preparing further development aimed at the installation of a future wind farm as part of a hybridization process.”