Soler: Energy from Luxembourg!

Founded in 2001, “Société Luxembourgeoise des Energies Renouvelables S.A. (Soler)”, in which SEO (Société électrique de l’Our S.A.) and Enovos Luxembourg S.A. each hold a 50 percent stake, is responsible for project development, planning, construction and operation of facilities that generate power from renewable energy sources.

By doing this, we are committed to playing our part in achieving the United Nations’ Sustainable Development Goals as well as those of the Paris Climate Agreement.

My colleagues in the Corporate Banking unit and I are extremely proud to have been able to advise and assist Soler S.A. in this area ever since the company was founded and to witness first-hand how it continues to evolve.

Soler will give the municipality of Garnich and its residents a financial stake in the company Wandpark Garnich S.A. after one year of operations.

Detailed environmental and wind studies are carried out both locally and regionally before the approval procedures, construction and operations are planned out. Spuerkeess is involved in this process from the planning stage to provide clarification about financing options.

For Soler, it is vital that all projects comply with national noise and shadow flicker limits as well as protecting the environment. Soler prides itself on delivering wind farm projects based on partnership. This means staying in regular contact with local community officials and residents in the areas concerned during development, construction and the eventual operations, and enabling residents to acquire participations in the wind farms.