BELECTRIC expands its Operations & Maintenance business by signing service contracts for utility scale PV plants in France

“Together, with us as customer, BELECTRIC developed a tailor-made service concept including maintenance engineering and preventive check-ups. This comprehensive operation and maintenance plan is a key requirement for ensuring reliable and cost-effective operations of our French solar plants”, said Christian Ahrens, Head Asset Management PV at Aquila Capital. “In BELECTRIC we have found a partner with more than 15 years of practical experience. This makes us confident that we can reach the highest levels of operational availability.”

BELECTRIC is one of the largest Operations & Maintenance providers worldwide, managing a portfolio of over 1.3 GWp of installed utility scale PV solar plants and battery storage systems worldwide. The service teams are currently enhancing solar plant production, protecting asset value, reducing operating costs and therefore maximizing the Return on Investment (ROI) of over US$2 billion of operational PV assets, with a leadership position in Europe, Africa and the Middle East.

“We are very proud that these long-term contracts have been awarded to BELECTRIC – this is perfectly in line with our strategy to significantly grow our Operations & Maintenance Business in Europe and elsewhere”, explains Ingo Alphéus, CEO of BELECTRIC Solar & Battery GmbH. “Beside services for own-developed and constructed PV projects, we focus also on growing secondary market volumes and opportunities. We offer Operations & Maintenance services as a one-stop shop – not only for state-of-the-art power plants but also for older ones.”

BELECTRIC’s core business is the design and construction of solar powered energy facilities and large-scale battery storage systems for the international power utility market and independent power plant (IPP) operators. In operating these facilities, the company targets lowest cost of energy (LCOE) at best possible ecological balance. As a natural extension of this business, BELECTRIC focusses on reducing operating costs to its full range of Solar Maintenance, Repair and Operation (MRO) services. With it outstanding service quality BELECTRIC is ranked as one of the TOP Operations & Maintenance solar providers worldwide (Bloomberg New Energy Finance PV O&M Index 2015).

About Aquila Capital: Established in 2001, Aquila Capital is committed to provide institutional investors worldwide with alternative investment solutions in real assets, financial and private markets. Applying a multi-disciplinary investment approach, Aquila Capital’s range of alternative investments is managed by dedicated specialists in their respective asset classes and underpinned by an infrastructure that combines strong operations and stringent corporate governance.

Over 200 professionals across nine offices globally implement efficient investment strategies via fund structures and individual mandates. The Aquila Group comprises Aquila Capital Investmentgesellschaft mbH, which is licensed by the Federal Financial Supervisory Authority (BaFin) to act as an alternative investment fund manager in Germany, and Alceda Fund Management S.A., which is licensed as an alternative investment fund manager and UCITS management company in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF).

Further information can be found at www.aquila-capital.com