Enviria, Q Energy go into 500MW German PV offer

Jul 12, 2022 02:14 PM ET
  • Partners will co-develop a portfolio of greater than 30 projects anticipate to get to ready-to-build in between 2023 as well as 2025
Enviria, Q Energy go into 500MW German PV offer
Image: Unsplash/Red Zeppelin UVGE

Enviria and also Q Energy have become part of a framework contract for the co-development of a 500MW portfolio of greenfield solar projects in Germany.

The portfolio contains more than 30 ground-mounted solar PV projects spread across Germany.

The specific project sizes range in between 2-70MW, with ready-to-build dates anticipated between 2023 and also 2025.

The majority of projects are envisaged to be operated a seller or PPA basis, while some will be participate in the forthcoming EEG tenders (German renewable energy act).

Enviria said the deal stands for among the biggest seller solar project deals in the German PV market and also is the largest renewable energy project to be implemented by the firm to date.

It was structured as a framework purchase as well as co-development arrangement as well as was originally made with the Green Energy Solutions (GES), the downstream division of Hanwha Qcells in March 2022.

The contract was transferred to Q Energy, a new company into which Qcells' former GES unit has recently been transformed.

Q Energy is comprised of a holding firm as well as 2 subsidiaries, supplying "holistic green energy remedies" to its partners on the European downstream market.

Melchior Schulze Brock, owner as well as chief executive officer of Enviria, said: "With this 500MW pipeline, we have actually shown that Enviria's forward-thinking approach works.

" We successfully safeguarded the space as well as funding required, structured as well as intended the projects as well as can now move forward with their implementation.

" This is the really meaning of our ecosystem approach: developing smart matches within our network."

Sang Chull Chung, Chief Executive Officer of Q Energy, stated: "With greater than 1GW of efficiently finished solar energy plants and also an energetic pipeline of over 7GW we are presently broadening our portfolio from solar to wind to large scale energy storage space.

" Our passions on the German market are specifically high.

" We are consequently pleased to join pressures with Enviria as a co-development partner as well as add 500MW of solar project civil liberties to our growing pipeline in Germany."

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