Greenvolt secures 100MW in German PV auction

• Developer wins 5% of overall capacity available via its MaxSolar subsidiary

The Greenvolt Group has actually secured the right to develop around 100MW in the first solar auction held by Germany this year.

Via MaxSolar, it has won a total of 5% of the capacity put up for auction.

Greenvolt president João Manso Neto said: "In a very affordable auction, Greenvolt, through its subsidiary in Germany, managed to win all the designated licenses, better enhancing its pipeline of large-scale solar power projects.

" Germany is an extremely vital market for us, both due to the reference that it currently is in world terms in the renewables segment, and because of the enthusiastic objectives specified for 2030."

The Bundesnetzagentur, Germany's Federal Grid Agency, has gone ahead with this year's initial large-scale solar capacity auction, putting an overall of around 1950MW up for bid.