Zonnepark Winterswijk Masterveldweg

Introduction to the project

The Masterveldweg project occupies a 61-hectare site, with 36 hectares dedicated to solar panels. This setup enables substantial energy production, generating approximately 71.4 GWh annually, enough to power around 28,800 households. The project is part of the extensive renewable energy portfolio developed by Statkraft, a Norwegian company fully owned by the Norwegian state and the largest producer of renewable energy in Europe.

Environmental impact: The site, previously used for agriculture with limited biodiversity, is now repurposed to enhance local biodiversity. Native plant species are being introduced, and habitats are created to support local wildlife.

Community engagement: The project was developed in collaboration with local residents, nature organizations, ecologists and the municipality of Winterwijk. Their input has contributed to a design that integrates well with the surroundings and addresses community concerns.

Regulatory support: The Netherlands provides strong regulatory support for renewable energy projects, fostering a stable environment for solar investment.

Optimal solar location: This site is ideal for solar energy generation due to supportive municipal policies in the municipality of Winterswijk. Additionally, the site's location in the rural landscape ensures seamless integration, minimizing environmental impact.

This favourable combination of policy support, community acceptance, and environmental exemplifies how sustainable development can support environmental and community goals.

Company Info 

Proven expertise, financial strength, and government-backed solar investment

Statkraft, 100% owned by the Norwegian state, is Europe’s largest producer of renewable energy. With over 20 years of experience, the company operates in more than 20 countries, including the Netherlands, and employs nearly 7,000 people. Statkraft focuses on hydro, wind, and solar energy, driving the global transition to sustainable power. In Europe, Statkraft is the largest producer of renewable energy.

Statkraft holds the contract and serves as the project developer for Solarpark Masterveldweg, further ensuring the project's success with their extensive expertise in renewable energy development.

The project is fully funded by Statkraft via a mix of ordinary equity and a shareholder loan and this to be partly refinanced with this bond. 

Solarpark Masterveldweg offers additional key advantages:

Government support: The Solarpark Masterveldweg project benefits from a €60.20 subsidy under the SDE++ scheme until 2039. This subsidy improves cashflow security: If the market price drops below €60.20/MWh, the project will receive subsidy to make up for the difference until a maximum price of €60.20/MWh has been received by the project.

3 advantages for investors 

Team

Company structure

You are investing in Zonnepark Winterswijk Masterveldweg B.V., which is held 100% by Statkraft AS, a Norwegian company fully owned by the Norwegian state.

Statkraft has not taken out a bank loan to finance the project. In the future, it is possible that a Dutch financial institution will provide a loan which will take priority over the bond via Invesdor.

For example, if the ownership of Zonnepark Winterswijk Masterveldweg B.V. changes in the future, the new owner or investor may wish to secure bank financing. The revenue forecasts should provide sufficient capacity to cover both interest and capital repayments for the potential future bank loan as well as the current crowd bond.

Below is the ownership structure leading to Zonnepark Winterswijk Masterveldweg BV:

Sources and use of funds

The total capital expenditure (CAPEX) for the project was approximately €52 million with the initial capital coming from partially equity and a shareholder’s loan. The project is now fully operational and aims to raise €5,000,000 through crowd financing.

Purpose of financing 

This investment round will initially be open to the immediate area, followed by local, regional, national and eventually international participants. This step-by-step approach ensures that those closest to the solar farm will be the first to benefit from this investment.

The deadline for the target amount is 27 January 2025. The subscription period ends earlier when €1,000,000 is reached. The period started with a 2-week local phase, followed by a 2-week regional phase. The bonds will now be offered to the public in the Netherlands for 1 week and then 2 weeks to the public in other EU countries, up to €1,000,000.

Planned figures

Get an insight into Zonnepark Winterswijk Masterveldweg B.V.´s financial figures, such as turnover and earnings development. Learn more about the growth forecast.

Note:

In this update section you will find new, project-relevant information that we receive.

Invesdor does not conduct a separate review of information received after the start of the financing phase.

UPDATE on 08.01.2024: Investor question & Statement Statkraft

I read in the newspaper that Statkraft has decided to cease its activities in the Netherlands. Could you please clarify what this means for investors?

Statement Statkraft: "Statkraft has decided to divest its onshore wind, solar and battery activities in the Netherlands. By focusing on fewer countries, the organization can create more focus and increase its competitiveness.  

Impact of this decision

In the short term, we will continue to invest in our existing projects. The coming period will be devoted to research into the best way in which we can guarantee the economic future of both Statkraft and our projects.

To ensure that the interests of investors are not harmed, specific provisions have been included in the bond conditions (Articles 10.3 to 10.5). These conditions guarantee the continuity and financial structure of the project, regardless of possible changes in ownership. These are also included in the Key Investment Information Sheet (KIIS)."