Meistro Energie to mount 250 MWp of solar in Germany

• German power provider Meistro Energie GmbH will invest EUR 175 million (USD 178.48 m) to construct its own portfolio of ground-mounted solar plants in the nation.

A new subsidiary, referred to as Meistro R.E., has actually been created to mount 250 MWp of solar capacity by 2026, Meistro Energie claimed on Thursday.

The first solar project is readied to enter into operation in the middle of 2023 and generate concerning 40 million kWh of clean power. The electricity generated will certainly be provided directly to Meistro Energie's customers through a lasting power purchase agreement (PPA).

The Ingolstadt-based business currently disperses electricity to more than 7,000 mid-size services, the so-called Mittelstand which is often described as the backbone of the German economic situation.

Besides the first project, the business's pipe includes initiatives for a further 200 MWp of solar capacity to be deployed by 2026.

The financial investment in very own solar power plants will certainly make Meistro Energie independent from the wholesale market for electricity and also will certainly sustain the energy change of Germany's Mittelstand businesses, according to the business's chief Mike Frank.