Maastricht, the Netherlands - Solarge, the Limburg-based manufacturer of lightweight, circular and PFAS-free solar panels, has secured an investment from the Limburg Energy Fund (LEF). With this investment of €1.5 million, LEF joins the shareholder structure of Solarge. The investment of LEF is an important link towards the further scaling up of the current production location in Weert and the intended construction of a second production facility. First closing of the investment round in which LEF participated took place in April 2024. At that time, the private professional (impact) investor Phase2.earth also joined the shareholder structure of Solarge.
About Solarge
Solarge was founded in 2018 by Jan Vesseur, Huib van den Heuvel and Gerard de Leede and is located in Weert, where it has been producing lightweight solar panels since 2023. Solarge's solar panels are extremely suitable as a sustainable solution for places where conventional solar panels are not an option or an inferior option due to weight. This way, Solarge makes it possible to make the built environment more sustainable and they play an important role in the energy transition.
Jan Vesseur (CEO van Solarge) about the LEF:
“The investment of the Limburg Energy Fund enables us to make our innovative, lightweight solar panels accessible to a wider audience in the long term. We are delighted that LEF shares our vision and supports us in our mission to accelerate the energy transition”
Jan-Willem König (General Manager of the Limburg Energy Fund) about the investment in Solarge:
“With their innovative, circular and PFAS-free solar panels, Solarge makes an essential contribution to the energy transition. LEF is proud to support Solarge in their further growth, with which we strive together for a greener future, made possible by Limburg innovation”
What is the Limburg Energy Fund?
The LEF was established by the Province of Limburg and is managed by Polestar Capital. The LEF is an impact fund and is classified as a dark green fund (Article 9 fund) under the Sustainable Finance Disclosure Regulation (SFDR). The fund ensures the realization of promising Limburg projects in the circular economy, energy saving, sustainable energy generation or asbestos removal. The LEF provides the project with part of the financing for this in the form of risk capital or a (subordinated) loan. LEF is a financing fund and does not provide subsidies: this allows more sustainable projects to be realized. This fund is made possible in part by the Province of Limburg, the European Investment Bank and the European Fund for Strategic Investments (EFSI).
