Saxovent Acquires 76-MW German Agrivoltaic Project From Orrön Energy Renewables

• Berlin-based Saxovent buys a 76-MW agri-PV project in northeastern Germany from Sweden’s Orrön Energy for up to EUR 4 million, advancing low-impact solar development.

Saxovent Renewables, the clean-energy arm of Berlin investment firm Saxovent Smart Eco Investments, has struck a deal to purchase a 76-MW agrivoltaic solar project in northeastern Germany from Sweden-headquartered Orrön Energy. The transaction is valued at EUR 4 million, half of which—EUR 2 million—will be paid immediately, with the balance contingent on local zoning approval and the passage of Germany’s Solar Package 1 legislation.

The project, now in late-stage development, will deploy elevated racking that lets farmers continue cultivating specialty crops beneath the photovoltaic panels—an approach designed to ease land-use pressure and win community support. Once operational, the site is expected to generate enough electricity to power roughly 25,000 homes while providing an additional revenue stream for regional agriculture.

Orrön Energy said the sale aligns with its strategy of recycling capital from non-core assets into its growing Nordic wind and solar pipeline. For Saxovent, the acquisition adds scale to a German portfolio that already exceeds 500 MW of renewables either operating or under construction, and underscores the company’s focus on solutions that integrate clean power with biodiversity and rural development goals.

The EUR 2 million deferred tranche hinges on two milestones: municipal approval of the project’s zoning plan and a green light from the European Commission for Germany’s long-awaited Solar Package 1, which is expected to streamline permitting and expand incentives for agrivoltaics and rooftop installations.

Industry analysts view the deal as another sign that agri-PV is moving from pilot phase to mainstream investment in Germany, where federal and state governments are seeking to triple solar capacity to 215 GW by 2030 without sacrificing food production or landscapes. Saxovent aims to reach financial close in 2026 and bring the project online by 2028, subject to grid-connection upgrades already flagged by regional operator 50Hertz.

With governments tightening land-use rules and communities demanding more inclusive renewables, transactions like this one may become a template: modest up-front consideration for developers, upside linked to regulatory clarity, and long-term value creation for local stakeholders through dual-use land management.