Novar Holding B.v.

What Novar Holding B.v. does

Novar Holding B.v. is a Dutch developer and long-term operator of integrated green energy systems, founded in 2014 (originally as Solarfields, rebranded to Novar in 2023 following the merger of Solarfields and Soleila). The company is headquartered in Groningen and operates in the Netherlands, Germany, Sweden, and France with offices in Groningen, Rotterdam, Arnhem, Munich, Berlin, Gothenburg, Avignon, and Toulouse; it employs 150+ people and reports 600+ completed projects. DIF Capital Partners holds a majority equity stake, providing institutional backing alongside debt financing from Rabobank and re:cap global investors.

The core technical platform is the "Green Energy Systems" architecture, which integrates solar generation (rooftop, ground-mounted, floating, carport, and solar thermal), battery energy storage systems (BESS), green hydrogen production via PEM electrolysis, smart grid / closed distribution networks, and a proprietary Smart Energy Management software layer. The software layer coordinates automated bidding on Dutch energy markets (APEX, Intraday), dynamic pricing optimization, and balancing capacity provision to TenneT. Notable reference projects include the Bellingwolde Solar Park (74 MWp), the Biddinghuizen Solar Carport at Lowlands Festival (35 MWp, the world's largest), the Avermieden Battery (22 MW / 91 MWh at Eekerpolder, the Netherlands' largest solar farm), H2 Hollandia (5 MW PEM electrolyser, certified 2026 as the largest commercial green hydrogen project in the Netherlands), and Dorkwerd solar thermal.

Novar generates revenue through five streams: turn-key project development and EPC contracts (one-off), Power Purchase Agreements and Corporate PPAs (recurring), energy market participation and TenneT balancing services (transaction fees), 25–50 year land lease agreements (one-off), and ongoing management, advisory, and maintenance services (managed services). The go-to-market is enterprise B2B field sales targeting corporate/industrial clients, landowners and farmers, government and municipal institutions, energy cooperatives, and logistics companies. The company has stated an ambition to reach 4 GW of sustainable energy generation by 2030 and has secured EUR 160 million in financing as of March 2026 to support continued pipeline build-out.

Name

Novar Holding B.v.

Legal name

Novar Nederland B.V.

Website

https://novar.energy

Company type

Private

Founded year

2014

Operating status

Operating

Short description

Novar is a Dutch developer and operator of integrated green energy systems — solar farms, battery storage, green hydrogen, and smart grid management — serving corporate, industrial, governmental, and cooperative clients across the Netherlands, Germany, Sweden, and France.

Ownership category

akta.pro rank

Product category

Renewable Energy Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Renewable energy development
• Solar project development
• Battery energy storage
• Green hydrogen production
• Energy management services

Headquarters

HQ city

Groningen

HQ country

Netherlands

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Turn-key Green Energy Project Development: Novar develops, finances, builds, and manages complete green energy systems for corporate clients. Revenue is generated through project development fees, EPC (Engineering, Procurement, and Construction) contracts, and long-term asset ownership. Services span from initial site assessment and permitting through construction and ongoing O&M.
2. Power Purchase Agreements (PPA) and Corporate PPAs: Novar supplies PPAs and Corporate PPAs under which clients purchase the green energy generated by Novar's systems. Revenue is recurring based on energy volumes supplied, providing long-term revenue visibility.
3. Energy Market Participation and Balancing Services: Through Smart Energy Management, Novar automatically bids on Dutch energy markets (APEX, Intraday) and provides balancing capacity to TenneT grid operator. Revenue is generated from energy sales at dynamic prices and capacity compensation payments.
4. Land Lease Agreements: Novar leases land from farmers and landowners for 25–50 years to install solar farms. Revenue from energy generation offsets lease payments to landowners.
5. Project Management, Advisory and Maintenance Services: Ongoing management and optimisation services for solar farms, wind farms, and solar roofs. Advisory services cover energy strategy, system design, and regulatory compliance. Every asset is kept in optimal technical and financial health.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Novar develops, finances, builds, and manages integrated green energy systems for the corporate market, combining solar generation (rooftop, ground-mounted, floating, carport, and solar thermal), battery storage, green hydrogen production, smart grid distribution, and automated energy management. The company delivers turn-key renewable energy projects and supplies renewable electricity under long-term Power Purchase Agreements (PPAs) and Corporate PPAs across the Netherlands, Germany, Sweden, and France.

Product overview

Novar is a green energy systems developer offering integrated solutions from generation to management. The core platform is Green Energy Systems, which combines solar generation (rooftop, ground-mounted, floating, carport, and solar thermal), storage (battery and green hydrogen), distribution (smart grids, private networks), and management services. The company operates as a turnkey solution provider, managing projects from finance and permits through construction to ongoing optimization. Novar's portfolio includes market-leading solar farms, battery energy storage systems (BESS), and hydrogen production facilities. The company also offers energy procurement through Corporate PPAs and standard PPAs, along with charging infrastructure for electric vehicles. Novar Group includes sub-brands Repowered and Klaer. Services span advisory, maintenance, and algorithmic optimization for automated energy market participation.

Differentiator

Problem solved

Functional benefit

Brands

• Repowered: Subsidiary focused on green energy solutions including charging infrastructure
• Klaer

Products and services

• Green Energy Systems Integrated green energy system combining solar generation, battery storage, green hydrogen, smart grid distribution, and automated energy management; modular scalable platform enabling corporates to build green energy systems step-by-step.
• Solar on Roofs Rooftop solar panel installations for commercial and industrial buildings enabling on-site renewable energy generation.
• Solar Panels on Ground (Solar Farms) Large-scale ground-mounted solar park development, the company's flagship and market-leading offering in the Netherlands.
• Solar on Water (Floating Solar) Floating solar installations on water bodies that maximize land-use efficiency while generating renewable electricity.
• Solar Carport Dual-use solar installations over parking lots that provide shaded parking while generating solar energy, exemplified by the world's largest solar carport at Lowlands Festival.
• Solar Thermal Energy Thermal solar systems that generate heat rather than electricity for residential and industrial heating applications.
• Corporate Power Purchase Agreement (Corporate PPA) Long-term contracts enabling corporations to purchase renewable energy directly from specific Novar generation assets, providing verifiable green energy with price stability.
• Power Purchase Agreement (PPA) Standard power purchase agreements for renewable energy procurement, paired with Guarantees of Origin (GoOs) to verify sustainable sourcing.
• Charging Infrastructure EV charging station deployment and management for commercial and industrial sites, supporting fleet electrification and the transition to electric mobility.
• Battery Storage Large-scale battery energy storage systems (BESS) integrated with solar parks, industrial facilities, and the public grid via smart private networks, addressing grid congestion and enabling energy arbitrage.
• Green Hydrogen Green hydrogen production through PEM electrolysis powered by renewable electricity, stored in hydrogen batteries for later use as fuel for heavy transport and industrial processes.
• Advice Services Expert consultation on energy transition strategies, system design, and optimal green energy solutions tailored to specific organizational needs.
• Maintenance Services Technical maintenance and monitoring services for solar farms, wind farms, and solar roofs to ensure maximum returns and optimal performance.
• Optimisation Services Energy management optimization services using algorithms and market intelligence to maximize returns from green energy assets, including automated bidding on energy markets (APEX and Intraday).
• Smart Energy Management Proprietary automated energy management system using algorithms to bid on Dutch energy markets (APEX and Intraday), enabling dynamic pricing optimization and reducing energy costs while increasing revenue.
• Smart Grid Solutions Closed distribution networks and private substations that address grid congestion and intelligently coordinate supply and consumption across green energy systems.

Quantifiable outcome

• Bellingwolde Solar Park: 74 MWp installed capacity, powering thousands of households and contributing to Groningen's 5.7 TWh renewable energy target by 2030
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered major, core and minor.

• EntentmajorStrategic or Co-development Partner · 1 August 2026Novar and Entent launched a joint venture for the development of charging hubs for heavy electric transport. The partnership addresses the growing market for electric truck and heavy vehicle charging infrastructure, combining Novar's energy systems expertise with Entent's EV charging capabilities.
• TenneTcoreOthers · 1 January 2026TenneT is the Dutch grid operator that Novar interacts with for grid balancing services and capacity provision. Novar's battery and solar assets provide balancing capacity to TenneT in exchange for financial compensation, helping maintain grid stability.
• AvitecmajorStrategic or Co-development Partner · 1 January 2024Avitec is co-developer and part-owner of the H2 Hollandia green hydrogen project at Vloeivelden Hollandia solar park in Nieuw-Buinen. The partnership combines solar generation with on-site hydrogen production via PEM electrolysis.
• LC EnergymajorStrategic or Co-development Partner · 1 January 2024Novar acquired the Dutch solar portfolio from LC Energy, expanding its project pipeline in the Netherlands. This acquisition brought additional projects and market presence under Novar's portfolio.
• VattenfallmajorStrategic or Co-development Partner · 1 January 2024Novar took over the development of floating solar park De Molenkampen from Vattenfall, expanding its portfolio of innovative floating solar projects in the Netherlands.
• RepoweredmajorStrategic or Co-development PartnerRepowered is a co-developer partner in the H2 Hollandia green hydrogen project, alongside Novar and Avitec. Repowered brings expertise in energy storage and system integration to the project.
• Solar ProactivemajorStrategic or Co-development PartnerSolar Proactive co-developed the Avermieden Battery project with Novar at Eekerpolder — a 22 MW / 91 MWh battery storage system. The partnership demonstrates Novar's approach to co-developing battery-integrated solar projects.
• Emmett GreenmajorStrategic or Co-development PartnerEmmett Green co-developed the Avermieden Battery project with Novar and Solar Proactive, contributing to the development of large-scale battery storage integrated with the Eekerpolder solar park closed distribution system.
• EnexismajorOthersEnexis is a Dutch grid operator and Novar's partner for grid connection agreements. Novar signed a unique contract with Enexis for flexible energy delivery, addressing grid congestion challenges and enabling Novar's projects to connect to the grid.
• HVCmajorStrategic or Co-development PartnerHVC (a Dutch waste and energy company) partnered with Novar to achieve a milestone in sustainable energy infrastructure through the NNWZ (NoordWest Zon) project, developing private grid connections and solar parks in North-West Netherlands.
• BSW-Solar (Bundesverband Solarwirtschaft)minorGTM or Marketing PartnerNovar Germany GmbH is a member of BSW-Solar, the German solar industry association. Membership provides access to industry standards, regulatory developments, and networking within the German solar market.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Engie: French multinational utility with major renewable energy and hydrogen development programs across Europe. Comparable to Novar on integrated renewables + green hydrogen strategy, with vastly greater scale and European policy influence.
• RWE: German utility with large-scale renewable energy portfolio including solar, wind, and battery storage across Europe. Comparable to Novar in its integrated renewable development plus grid services strategy, with substantially greater scale and balance sheet.
• Vattenfall: Major Swedish state-owned utility with significant renewable energy development including solar, wind, and hydrogen. Comparable to Novar on solar development and hydrogen ambitions; Novar has actually taken over Vattenfall's De Molenkampen floating solar project.

Regional players

• Eolus Vind: Swedish wind and solar developer with projects across the Nordics. Comparable to Novar's Nordic presence and project development approach; complements Novar's Swedish operations through a similar Nordic market footprint.

Others

• Repowered (Novar subsidiary): Sub-brand under Novar Group focused on energy storage and charging infrastructure. Operates within Novar but addresses the same market as an independent adjacency to BESS and EV charging specialists.
• SOLARGO (Solarfields/Soleila): Predecessor brands Solarfields and Soleila were merged into Novar in 2023. Listed for historical continuity — the merged entity IS Novar, so this is the same firm, not a true peer.

Direct peers

• BayWa r.e. German-headquartered renewable energy developer with global operations across solar, wind, and storage. Closely comparable to Novar in its integrated offering of solar development, IPP ownership, and energy trading across European markets including the Netherlands.
• Energiequelle: German independent renewable energy developer active in wind, solar, and storage across Germany and Europe. Closely comparable to Novar as a mid-sized European renewable IPP with project development, EPC, and asset ownership capabilities.
• Lightsource bp: Global solar developer and operator headquartered in the UK, developing utility-scale solar projects and storage across Europe. Directly comparable to Novar as a solar EPC + asset owner with strong pipeline in multiple European geographies.
• LC Energy: Dutch solar developer whose portfolio was acquired by Novar. Comparable as a former peer now operating partially inside Novar; the surviving LC Energy entity competes in adjacent European geographies.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/solarfieldsnederland

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novar Holding B.v.