LichtBlick, Sunnic Renew Solar Procurement Agreement

• LichtBlick SE powers up for the future, renewing its solar partnership to provide clean energy for 17,000 households and expanding into battery storage innovations.

German renewable energy supplier LichtBlick SE has renewed its power purchase agreement (PPA) with Hamburg-based Sunnic Lighthouse for an additional two years. Under the deal, LichtBlick will receive around 38 GWh of solar power annually until 2026, sufficient to power approximately 17,000 households. The electricity will be sourced from eight solar parks across Germany.

LichtBlick, a prominent player in green electricity for over 25 years, is also expanding its focus on power generation and storage initiatives. Recently, the company partnered with solar developer Energisto eG to pursue large-scale battery storage projects, enhancing its renewable energy portfolio.

How will LichtBlick's renewed PPA impact its renewable energy strategy and capacity?

• Enhanced Renewable Energy Supply: The renewal of the PPA with Sunnic Lighthouse secures a steady supply of solar energy, reinforcing LichtBlick's commitment to providing clean energy to its customer base. This agreement allows the company to further leverage its capacity for renewable energy sourcing.
• Capacity for More Households: The 38 GWh of solar power translates to the capacity to supply energy to about 17,000 households. This not only boosts the number of customers that LichtBlick can serve but also emphasizes its role in the energy transition within Germany.
• Diversification of Energy Sources: By engaging with multiple solar parks, LichtBlick diversifies its energy sourcing strategy and reduces dependence on any single facility. This diversification enhances the resilience of its energy supply.
• Support for Local Renewable Initiatives: The partnership with Sunnic Lighthouse and the use of solar parks in Germany underscores LichtBlick's commitment to supporting local energy projects, thereby fostering regional economic growth and encouraging community engagement.
• Alignment with Renewable Energy Goals: The PPA renewal aligns with LichtBlick’s broader objectives to achieve more sustainable energy generation and increased contributions to national renewable energy targets, showcasing the company’s dedication to environmental goals.
• Scalability for Future Projects: This renewed PPA sets a precedent for partnerships with other renewable energy producers, creating opportunities for LichtBlick to scale its initiatives and possibly negotiate similar or larger contracts in the future.
• Integration with Storage Solutions: The recent collaboration with Energisto eG on battery storage projects complements the PPA strategy, allowing LichtBlick to effectively manage the intermittent nature of solar energy and enhance grid reliability.
• Financial Stability: Long-term agreements like this ensure predictable pricing and revenue, providing LichtBlick with financial stability to invest in further renewable energy projects and technologies.
• Strengthening Market Position: Renewing the PPA bolsters LichtBlick’s market presence as a reliable green energy provider amid growing competition in the renewable sector, potentially attracting new customers who prioritize sustainability.
• Encouragement of Technological Innovation: Engaging in renewable contracts remains an incentive for LichtBlick to invest in innovative technologies that optimize energy production and distribution, continuously improving sustainability practices.
• Positive Impact on the Environment: An increased reliance on solar power through this PPA directly contributes to reducing carbon emissions, aligning with global efforts to combat climate change and promote a sustainable future.