Germany

SUNfarming secures double-digit million Euro financing for 185-MWp PV projects. Prime Capital AG raised funds through project bonds and Capcora acted as exclusive financial advisor. German solar power developer looks to finance growth with this successful transaction.

Reestablishing the German solar industry a decade after bankruptcy, EU subsidy plans and Chinese dominance. With new plant openings and experienced staff, Europe seeks to reduce reliance and expand renewable energy capacity. Will it be enough to ward off the risk of failure?

1Komma5° plans to set up a 5 GW TOPCon module assembly plant in Germany in 2024. Join the European push for higher-priced modules and reduce reliance on Chinese-made solar – discover 1Komma5°'s new production plant in Brandenburg or Saxony.

GreenGo Energy and Encavis AG have partnered to provide 500MW of solar energy to the German market. Their success in Denmark has resulted in a 1.1GW total project portfolio, and the companies plan to expand their operations in Germany.

Encavis AG has announced the purchase of a 12MW/24MWh battery storage project in Hettstedt, Germany. The energy storage system will be integrated into the grid in 2024 and will store electricity from Encavis' renewable power facilities, reducing the cost of balancing energy. Mario Schirru, Encavis' Chief Investment Officer, highlighted the new plant's ability to generate more revenue from their Renewable Energy. First half of 2023 results reported flat revenue and earnings per share.

RWE AG is constructing an 8.4-MW solar farm with an 8-MWh battery storage system in Germany, consisting of 22,000 bifacial modules that will power 3,100 households. The project is part of a EUR 4 billion (USD 4.34bn) plan to build 1,000 MW of renewable energy in the Rhenish mining district by 2030.

Secursun, a German joint venture, has started construction of its portfolio of 1.1GW solar parks in Germany, with 7+ projects beginning this year & more to complete by 2026. Berlin-based Securenergy Solutions & Sunotec specialize in solar construction.

Global new investment in renewable energy skyrocketed to $358 billion in the first six months of 2023, a 22% rise compared to the start of last year and an all-time high for any six-month period. This is based on the latest investment data from BloombergNEF’s 2H 2023 Renewable Energy Investment Tracker report, published on August 21, 2023.

MAHLE, a Germany-based automotive supplier, has unveiled a bionic battery cooling plate to improve cooling performance by 10% and reduce pressure loss by 20%. The new plate also uses 15% less material, reducing CO2 emissions. MAHLE will present this innovation at IAA Mobility and will collaborate with ProLogium for the development of a thermal management system for solid-state batteries.

The joint project between Tesvolt and Green Energy 3000 adds a 12 MWp solar farm near Braunschweig, Germany with two TPS-E storage containers and the ability to supply power to 5,000 households. This is among the winners of the innovation tender and will receive state funds.

REVKOR and H2GEMINI partner to construct a 5GW solar cell and module production facility, beginning production in Q2 2024. The project will utilize HJT/Perovskite technologies and mark a milestone for renewable energy.

Explore Hybridkraft: a project funded by the German government to combine solar thermal & photovoltaics. Harness 1 megawatt solar-powered heater to increase efficiency & reduce energy costs for industrial applications.

RES, a UK-based renewables developer, has been granted approval to build the 35MW Limbach Solar Park in eastern Germany. The project will produce 38 million kWh of energy annually, enough to power 19,000 people, and reduce emissions by 30,000 tonnes each year. RES will hold a public event to inform local citizens and expects a permit in Autumn 2024, with commissioning in Q2 of 2026.

RheinEnergie AG is constructing Germany's largest 32 MWp solar park with 7 MWh battery storage. Subsidized 20 MWp of capacity will power 10,000 households, while remaining 12 MWp will be unsubsidized. RheinEnergie currently operates 57 MWp PV and 172 MW wind capacity across Germany.

Vattenfall acquires German solar developer Solizer, gaining a 4GW project pipeline and experienced team. Solar projects will be ready for construction as early as 2024, helping Vattenfall meet the growing demand for cost-competitive solar power. Part of the company's plan for further investment in renewable energy sources.