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Innogy agrees 50-MW-plus solar cooperation in Germany with Primus

Solar farm. Author: Alan Levine.

January 14 (Renewables Now) - German energy company Innogy SE (ETR:IGY) will acquire solar projects with a combined capacity exceeding 50 MWp as part of a recently agreed cooperation with Primus Solar GmbH.

The two parties have agreed that Primus will continue to develop the said photovoltaic (PV) projects, while Innogy will receive the rights to the assets. They have been working together on onshore wind projects since January 2018.

The latest deal concerns solar projects located in Thuringia, central Germany, and Bavaria, southern Germany. The exact number of the schemes is six and they are in different stages of development. Innogy noted that one of the projects, a 10-MWp installation, could participate in an auction this year.

In addition, Innogy said it is working on several smaller PV projects with a size of 750 kWp. Having already built one such facility in the municipality of Lembruch in Lower Saxony, the company is now constructing a second 750-kWp plant near the city of Osnabrueck in the same state. Another small project is awaiting approval near the town of Stolberg in North Rhine-Westphalia and two Rhineland-Palatinate schemes are seen to be completed in the second half of 2019. At the same time, Innogy is looking to secure land for three additional 750-kW sites this year.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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