Mainova purchases 25% stake in 175 MWp solar project in Germany

• German regional energy provider Mainova AG (FRA: MNV6) has acquired virtually 25% of a 175-MWp solar project which will be constructed following year in the state of Brandenburg.

The Frankfurt-based company will certainly market the green power created by the subsidy-free center which is estimated to total up to 180 million kWh per year, Mainova stated on Tuesday.

Found some 100 kilometres (62.14 mi) north of Berlin in the Boitzenburger Land town on a location of 160 hectares (395.4 acres), the solar park will provide regarding 64,000 families and reduce carbon discharges by 85,000 tonnes yearly.

The final building license is expected at the start of 2022.

Various other participants in the projects consist of majority shareholder Solarenergie Boitzenburger Land GmbH of entrepreneur Dietrich Twietmeyer, that owns the land for the ranch, and also energy options company GP Joule.

Mainova has wind and solar parks with a mixed installed ability of 150 MW situated in the states of Hesse, Bavaria, Brandenburg, Saxony, Schleswig-Holstein, Baden-Wuerttemberg and also Rhineland-Palatinate in addition to in France.

The local power distributor will certainly remain to broaden its renewable energy procedures and utilize power acquisition agreements (PPAs) in the future, claimed chief executive Constantin Alsheimer.