The recently incorporated company also revealed that its decision to locate in Andalusia was influenced by “the region’s leadership in the international renewable energy sector, the dynamism of the various public administrations in Andalusia with regard to promoting new projects, and the large number of British ex-pats in the area, who comprise a very important market for IREP”.
According to the multinational: “investing in renewables is currently the most attractive and profitable option for medium-size investors, over and above traditional funds, unstable raw materials and the real estate sector”. IREP, which has also operations in London, defines itself as “an innovative company offering different investment products in renewable energy projects, primarily solar photovoltaic power, around the world”,
The company’s CEO, Michael Rimell (on left of photo), said: “we chose Andalusia, and specifically Malaga, to expand IREP throughout the world because of the significant leadership it has shown in the renewable energy sector”. IREP also considers Malaga to be “strategically located as a bridge between Europe and Africa, and an excellent gateway to Arabic countries and emerging economies in Asia”.
A multinational with absolute faith in the future of renewables
IREP also said in a press release issued last week that renewable energy investments are attracting huge interest worldwide, especially among northern European countries and emerging economies. According to the company’s Marketing Director, Jan Zandboer (on right of photo), this is because these investments "offer guaranteed high returns in the mid to long term, driven by both the incentives to generate renewable energy being offered by leading countries around the world, as well as the imperative to reduce dependence on non-renewable fossil fuels".
The multinational, which has just started operating, says that it already has "a large portfolio of investors, mainly from the UK and key emerging countries in Asia". IREP’s declared objective for the next five years is to have “25 MW of solar projects worldwide and a portfolio of shares with an average value of €100 million".
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