Energy trader Hartree joins European solar power venture

NAGA AG

01/02/2021 13:02

LONDON, Feb 1 (Reuters) - Energy trading firm Hartree
Partners has joined forces with AGP Group and NaGa Solar to
develop at least 4 gigawatts of solar projects across Britain,
the Netherlands and Germany, the firm said on Monday. 
    The venture, called AMPYR Solar Europe (ASE), builds on
Hartree's existing partnership with AGP, which aims to develop
1.5 gigawatts of onshore wind, solar power and associated
battery storage in Britain. 
    Hartree said the venture would allow institutional investors
to put over 1 billion euros ($1.21 billion) in a portfolio of
projects. 
    AGP is a global fund focused on building environmentally
sustainable assets. NaGa is a solar park developer based in the
Netherlands.
    New York-based Hartree, formerly HETCO, is owned by its
senior staff, managers and Oaktree Capital, which has over $140
billion of assets under management.
    ($1 = 0.8275 euros)

 (Reporting by Julia Payne; Editing by Steve Orlofsky)
 ((julia.payne@thomsonreuters.com; +44 207 542 1836;))