Norwegian state-owned utility Statkraft AS has signed a 5-year year power purchase agreement (PPA) with solar energy developer Sunovis for its 30 MW solar photovoltaic project that will be located in the Western Mecklenburg-Pomerania, Germany.
The Strasen solar park is financially supported by German lender UmweltBank while investor and fund manager Oekorenta provides equity financing. Once commissioned, the project will operate entirely without subsidies under Germany’s Renewable Energy Sources Act (EEG).
The solar farm is expected to generate enough power for up to 33 GWh of energy annually which is enough for the consumption of about 11,000 local homes.
Country updates
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July 12, 2022
LEAG to develop 300 MW solar project in Germany
Lausitz Energie Bergbau AG (LEAG), a German energy company, is planning to propose a 300 MW solar park on the reclaimed land of an opencast mine in Brandenburg, Germany.
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July 12, 2022
Enapter raises EUR53mn for electrolysers factory in North Rhine-Westphalia
Enapter AG has raised about EUR53 million (US$53.511 million) of fresh capital to support its plan to develop and operate a hydrogen electrolyzer factory that will be located in the North Rhine-W...
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July 11, 2022
HH2E, MET Group plan to develop 1 GW green H2 project in Mecklenburg-Vorpommern
HH2E and MET Group have announced a joint proposal to invest in more than 1 GW of electrolyzer capacity in the eastern state of Mecklenburg-Vorpommern on Germany’s Baltic coast by 2030. The par...
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July 05, 2022
Wpd starts implementation of 927 MW Offshore wind farm in Germany
Wpd has started the realization of the 927 MW Gennaker offshore wind farm located 15 kilometers off the Baltic Sea coast near the Darß peninsula, Germany.
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July 01, 2022
Siemens Gamesa awarded firm order for 913 MW offshore wind farm in Germany
Siemens Gamesa has received a firm order from Ørsted for the 913 MW Borkum Riffgrund 3 offshore wind power project.
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