Together with the adjacent Q-Cells built project Finsterwalde I, the three Finsterwalde solar PV projects have a capacity of 81 MWp.

Q-Cells will continue with operations and maintenance of the solar PV plants under a long term contract.

The final purchase price has not been disclosed. The transaction is subject to closing conditions, and the financial close is expected around the yearend.

Darren Kyte, CEO of NIBC Infrastructure Partners, says: "The Finsterwalde solar PV projects build on NIBC's experience in the renewable energy infrastructure sector. This will be our fourth acquisition of an operational renewable energy infrastructure asset during the last 12 months.

“The acquisition will increase our solar PV portfolio to 86 MWp in Europe, and our total renewables exposure to almost 250 MW across operational wind, solar and waste-to-energy assets."