Six German municipal utilities set up solar power JV

Representatives of the six municipal utilities sign the agreement for the solar power joint venture. Image by N‑ERGIE AG.

October 13 (Renewables Now) - Six municipal utilities in southern Germany have agreed to form a joint venture called Oekostrom Franken GmbH & Co. KG that will produce electricity from solar power and market it not under the EEG-system but through power purchase agreements (PPAs).

The partners include infra fuerth gmbh and N‑ERGIE Regenerativ GmbH each with a stake of 25.1%, Stadtwerke Schwabach GmbH and Erlanger Stadtwerke AG, each holding 14.9% of the joint company, as well as Stadtwerke Stein GmbH & Co. KG and Gemeindewerke Wendelstein KU, each with a stake of 10%.

The electricity produced by Oekostrom Franken will be purchased by the six utilities based on their share in the joint venture or marketed directly.

The first project of the joint company will be the construction of a 6.2-MW solar plant in the municipality of Roethlein in Bavaria. Located on an area of 6.5 hectares (16.06 acres), the facility is expected to supply 1,600 households with clean electricity. Construction works are scheduled to start by the end of 2021.

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