Vattenfall's 4GW Solar Acquisition in 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.

Swedish energy company Vattenfall has acquired German solar developer Solizer, bringing its German solar development portfolio to a total of 7GW. Through the transaction, Vattenfall has gained access to Solizer's 4GW project pipeline and it's experienced team. The first projects in the new portfolio are expected to be ready for construction as early as 2024. Vattenfall Senior Vice President Helene Biström said the acquisition would help the company meet the growing demand for cost-competitive solar power from customers. This move is part of Vattenfall’s plan for further investment in renewable energy sources and comes as part of its growth path.

What Benefits Does Vattenfall Gain From Acquiring Solizer?

• Access to Solizer’s 4GW project portfolio
• Experienced Solizer team
• Opportunity to meet customer demands for cost-competitive solar power
• Strategic move to increase investment in renewable energy sources
• Ability to begin construction of the first projects in the portfolio by 2024
• Expansion of Vattenfall’s German solar development portfolio to a total of 7GW