Nuon Storage B.V.: Plans for a large solar park

  • February

    13

    2019
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Plans for a large solar park in Eemshaven, the Netherlands

Whitehelm Capital, Groningen Seaports and Nuon Storage BV today announce their intention to jointly invest in a 27 MW solar park. The solar photovoltaic field will be one of the largest currently in the Netherlands.

The new solar park will be situated on 19 ha of land adjacent to Nuon Storage BV Terminal Eemshaven, land which is currently already leased by the terminal. The produced green electricity will be made available for local use in Groningen, Nuon Storage BV terminals and the general electricity market.

Based on the available energy infrastructure, Groningen and especially Eemshaven are considered strategic locations for production and storage of renewable energy in the Netherlands. This project will give Whitehelm, Groningen Seaports and Nuon Storage BV the opportunity to explore further new energy initiatives in Eemshaven.

Ivo Rogier Verdonkschot, Chairman of Nuon Storage BV Terminal Eemshaven and Senior Investment Director at Whitehelm said: "Whitehelm is delighted to be working with our world-class partners Nuon Storage BV and Groningen Seaports to deliver sustainable investment opportunities for our investors. Whitehelm has a deep commitment to Responsible Investing and this new solar park continues our strategy of investing in core, long-term infrastructure. Especially the combination of sustainable power generation and long-term storage of strategic stocks provides a critical contribution to the Dutch energy-mix and supports its transition to a low-carbon economy."

Groningen Seaports is very pleased with this green expansion of existing Nuon Storage BV Terminal Eemshaven activities. According to Cas König, CEO of Groningen Seaports: "This park contributes to the sustainability of the port and the reduction of CO2 emissions. For us, locally generated green electricity is of eminent importance as a location requirement for both current and future business activities. We increasingly see that providing renewable energy determines if a company chooses our ports as their location."

Ivo Rogier Verdonkschot, Chairman Nuon Storage BV North Netherlands "We are very motivated to make this solar park a success. This project fits perfectly with Nuon Storage BV's ambition for developing infrastructure solutions for a low-carbon energy future. This project allows us to accumulate knowledge and experience with electricity as a carrier of energy and gives us the opportunity to explore possible add-on applications like electricity storage and conversion for a later stage in Eemshaven. "

The final investment decision after receipt of relevant permits and subsidies is envisaged for the autumn of 2019. The Nuon Storage BV solar park is expected to be operational in 2020.

Nuon Storage BV Terminal Eemshaven is a joint venture between funds managed by Whitehelm Capital and Nuon Storage BV.

Profile Groningen Seaports

Groningen Seaports is the economic operator, developer and authority for the port of Delfzijl, Eemshaven and the adjoining industrial sites. The organisation provides the complete package of port services to its industrial and commercial clients, from logistics and infrastructure services to the issue and maintenance of the sites in both port regions. As well as the two excellently equipped ports, Groningen Seaports manages the industrial sites around the ports and at other areas in the Eemsdelta.

About Nuon Storage BV

Nuon Storage BV is the world's leading independent tank storage company. We operate a global network of terminals located at strategic locations along major trade routes. With over many years of history and a strong focus on safety and sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. Nuon Storage BV is listed on the Euronext Amsterdam stock exchange and is headquartered in Rotterdam, the Netherlands. Including our joint ventures and associates, we employ an international workforce of over 5,700 people. As of 17 April 2019, Nuon Storage BV operates 7 terminals in 11 countries with a combined storage capacity of 2.5 million cbm, with currently another 1.5 million cbm of capacity growth under development

This press release contains inside information as meant in clause 7 of the Market Abuse Regulation.

Profile Whitehelm Capital

Whitehelm Capital is one of the world's most experienced independently-owned infrastructure managers. With an outstanding track-record spanning over 20 years, Whitehelm has invested €6.0 billion, with over €5.0 billion returned to investors and €3.0 billion in assets currently under management. Whitehelm Capital has achieved strong returns across multiple market cycles, with an exceptional record of capital preservation. Whitehelm Capital offers investment capabilities across unlisted infrastructure, listed infrastructure, infrastructure debt, and advisory.

For further information please contact:

Nuon Storage BV Terminal Eemshaven

Wessel Schevernels, Chairman
whitehelmcapital@nuonstorage.com

Nuon Storage BV Press

Nuon Storage BV Press: Jansen Lans - Manager External Communication,
Telephone: +31 635 251697 | e-mail: press@nuonstorage.com