ERG revealed to establish 600 MW PV portfolio in Germany
- Italian ERG SpA, via its subsidiary ERG Development Germany GmbH & Co. KG., and also Aream Advisory GmbH, part of the Aream Group, have authorized a co-development arrangement to apply an onset solar portfolio of around 600 MW in eastern Germany.
The contract is structured with a reasoning of "long-term collaboration" and also consists of the opportunity to further boost the portfolio ability.
"This agreement will permit ERG to enter the solar large market in Germany and also to boost its visibility in among our crucial nations. This also represents a solid action in the direction of the technological and geographical diversification of our portfolio", states Luca Bettonte, CEO of ERG. "In order to enhance our local structure, a team of seven people with a combined experience in the greenfield project development market will certainly enter our German branch." Information about the projects were not divulged.
ERG Group, previously a mineral oil company, is a European eco-friendly power manufacturer, having and operating wind farms with an overall mounted ability of 1,9 GW, including UK, France, Germany, Poland, Romania, Bulgaria as well as Italy. The Aream Group, based in Germany, is a completely incorporated financial investment and asset supervisor for institutional investors and also critical companions focusing on sustainable framework in the renewable energy field, consisting of wind as well as solar power, grids as well as storage space modern technology.