Neas Energy has sold a 30% minority stake in the company to a consortium consisting of Via Venture Partners and ATP which will see the two firms power the energy asset management firm with a £48 million fund.
Venture capital firm Via Venture Partners will assume an 18% stake while Denmark's state pension fund ATP will take 12% in a deal worth DKK 250 million (£24 million) and ATP will also provide Neas with a loan of the same amount, totalling just over £48 million.
Neas’ 6.6GW energy portfolio comprises a number of solar assets in the UK and it is expected the company will look to increase its foothold in the UK solar market in the wake of the deal.
Last year the company announced it had penned 15-year power purchase agreements with three solar farms with a total capacity of 21MW in the UK, taking the total capacity under Neas’ management in the UK to 200MW.
Lynge Rydahl, chief executive at Neas Energy, said the deal was an endorsement of both the company and its future potential.
“Neas Energy has experienced significant growth and developed into a market leader since the current owners acquired the company in 2011. We are very happy that the investment will enable Neas Energy to continue the international expansion,” he said.