Lichtblick seeks to accumulate to 1-GW portfolio of German wind, solar

• Germany's Lichtblick SE aims to develop a portfolio of wind and solar plants with a consolidated result of approximately 1 GW in the home market by 2026 as the business is looking for to develop from a green electrical power representative right into a vertically incorporated energy business.

To fund its solar as well as wind power development throughout Germany, Lichtblick and its moms and dad firm Eneco will certainly invest EUR 500 million (USD 526.55 m) in the next five years. The very first solar parks must enter into procedure this year, Lichtblick stated on Wednesday.

Together with its very own plants, Lichtblick will rely upon power purchase agreements (PPA). Presently, the energy supplier obtains electrical energy from 116 wind parks as well as 8 solar plants under PPAs.

By 2026, the Hamburg-based firm aims to generate 45% of its profit in new service locations.

Aside from green electrical energy production, Lichtblick will certainly enter the prosumer section and also established a new Energy as a Service company area. The offer for solar self-suppliers will consist of solar, storage space and mobility options. Heat pumps will certainly be added in the future. Under its strategy, the firm seeks to link concerning 25,000 removed as well as semi-detached homes to an online power plant by 2026 that will optimise the energy and carbon balance in your area and also sell the excess electrical power on the marketplace.