Project Horizon is a full-service contractor in floating solar and large-scale battery storage, with a leading position in horticulture

Company profile

• The company is a Dutch specialist in floating solar on greenhouse water basins and in large-scale battery storage.
• It delivers an integrated proposition combining generation, storage and on-site energy control at the customer’s site as an EPC-plus contractor that owns feasibility, engineering, procurement and development as well as contracting physical installation per project.
• A proven track record across floating solar and battery storage projects, with a growing recurring inspection and monitoring layer.
• Core market is Dutch greenhouse growers, with international expansion underway in Europe and North America.

Geography: Europe and North America

Industry: Integrated Solar Energy & Storage (EPC)

Team: 5-10 employees

Project Pipeline: ~€250m total, over €100m on a probability-weighted basis

Financial development

• The group has delivered close to €10m of revenue in a single year, demonstrating the scalability of the business model.
• Revenue is forecasted at €6m in 2026, €29m in 2027 and €38m in 2028, built bottom-up from the current pipeline rather than extrapolated from prior years.
• 2026 is largely covered by a secured order book. With the majority of 2027 covered by advanced opportunities, as part of a combined probability-weighted pipeline of over €100m.
• EBITDA margin 10-15%, with growth largely self funded through customer prepayments.

Investment highlights

• Leading niche-position: no direct competitor of comparable depth in floating solar for water basins. High barriers to entry through references, design capability and bankability.
• Structural sourcing advantage: direct factory access with exclusive and fully transferable supplier relationships, giving a material advantage on procurement.
• Dual use of space: installations sit on existing water basins and require no agricultural land,  assets that are gaining value as seasonal water storage.
• Structural demand growth: grid congestion and the energy transition in horticulture make on-site generation and storage a necessity rather than a choice for growers.
• Asset light and cash generative: customers fund the working capital through staged prepayments, so growth requires little additional capital.

Transaction

• The current shareholders intend to transfer 100% of the shares.
• A new managing director recently took office, reducing founder dependency.
• Founders are willing to remain involved for an agreed period to ensure a careful handover.
• Suitable for a strategic buyer.

For more information please contact:

Nick Pals – mail n.pals@dutchdreamgroup.nl or phone 06 11 33 24 316 

Rafael Koene – mail r.koene@dutchdreamgroup.nl or phone 06 46 08 20 36