German JV targets 'multi-GW solar pipeline'

Nov 24, 2022 11:16 AM ET
  • Galileo Enviria Solar has actually been launched to create, finance, build and also operate utility-scale PV plants in the country
German JV targets 'multi-GW solar pipeline'
Image: Unsplash/Andres Siimon

European solar developers Galileo and Enviria have developed a joint venture to establish utility-scale ground-mounted solar plants across Germany targeting a multi-GW pipe in the following five years.

Galileo Enviria Solar "positions itself as a versatile and trusted partner" for landowners, communities as well as grid drivers throughout Germany.

The new solar player will certainly cover the entire value chain for solar projects from preparing to financing and also execution completely to operations and monitoring of utility-scale solar plants.

The business consists of a group of 25.

The goal of the JV is to add around 1GW of solar energy projects to its pipeline yearly.

The joint venture is "preferably outfitted" to tailor projects to neighborhood demands, in "complete respect" of ecological considerations, including all stakeholders at an early stage of growth.

In addition, the projects will bring direct benefits to the communities and also will provide energy prices well listed below present market rates, Galileo Enviria Solar mentioned.

Melchior Schulze Brock, Enviria's creator as well as chief executive officer said: "Any type of firm that wants to add to the German energy transition needs two things.

" On the one hand, it needs an understanding of the local foibles: the demands of the communities, the requirements of nationwide guidelines and laws, and a durable network of partners and suppliers.

" That's what Enviria gives the table. On the other hand, you need to be able to zoom out and also take the broad point of view past nationwide borders, past solar, and also look at the wider European power transition.

" Galileo, with its pan-European, competence-driven multi-technology method, uses that key complementarity. That's what makes this joint venture such an all-natural suit."

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