Aream, Eiffel JV to Deliver 500 MWp Solar in Germany
- German renewables investor Aream Group teams up with France's Eiffel Investment Group to develop 500 MWp of solar projects, boosting solar energy growth in Germany.
German renewables investor Aream Group has partnered with France's Eiffel Investment Group to establish a joint venture, Aream Solar Ventures, with the goal of developing over 500 MWp of solar projects in Germany. The projects will include traditional ground-mounted and agri-PV plants in the states of Mecklenburg-Western Pomerania, Saxony-Anhalt, and Brandenburg. Eiffel has acquired 49% of the portfolio from Aream and will finance most of the development costs through its Eiffel Transition Infrastructure fund.
This partnership marks Eiffel Transition Infrastructure fund's sixth investment in Europe and its entry into the German market. Aream Group sees this joint venture as a significant addition to its German project development portfolio, which is expanding in both photovoltaics and batteries. Financial details of the deal were not disclosed, but the collaboration is expected to drive the growth of solar energy in Germany.
What is the goal of Aream Solar Ventures' partnership with Eiffel Investment Group?
- The goal of Aream Solar Ventures' partnership with Eiffel Investment Group is to develop over 500 MWp of solar projects in Germany.
- The projects will include traditional ground-mounted and agri-PV plants in the states of Mecklenburg-Western Pomerania, Saxony-Anhalt, and Brandenburg.
- Eiffel Investment Group has acquired 49% of the portfolio from Aream and will finance most of the development costs through its Eiffel Transition Infrastructure fund.
- This partnership marks Eiffel Transition Infrastructure fund's sixth investment in Europe and its entry into the German market.
- Aream Group sees this joint venture as a significant addition to its German project development portfolio, which is expanding in both photovoltaics and batteries.
- The collaboration is expected to drive the growth of solar energy in Germany.
