Germany

/MUNICH, October 26, 2023, 14:30 GMT, BayWa r.e. Renewable Energy GmbH/ BayWa r.e. has secured €6.5 million in funding from the EU’s LIFE Programme, which will be used to develop six projects across five countries by 2027, combining agriculture with solar power generation. All six projects are either first or significant steps forward for their respective markets. Working closely with EU representatives, landowners, and local communities, BayWa r.e. aims to develop the commercial viability of Agri-PV and to demonstrate its benefits as an effective climate-adaptation strategy for fruit and crop…

/BONN, September 25, 2023, 9:00 CEST, RENEWABLE MARKET WATCHTM/ Today we are delighted to announce Renewable Market Watch™ will participate in the IRENA Innovation Week, which brings together leaders, experts, industry representatives, academics and policymakers to discuss cutting-edge innovations that can support and accelerate the global energy transition. In 2023, the event will build on previous editions in 2016 and 2018, which examined the decarbonisation of power systems and the integration of variable renewable energy, and the 2020 edition (held virtually) that discussed prospects for decarbonising end-use sectors. Innovation Week 2023…

/LONDON, September 7, 2023, 11:00 BST, Shell/ Shell Energy Europe Limited (“Shell”) has signed a 15-year power purchase agreement with HANSAINVEST Real Assets to secure 600 megawatts (MW) of capacity at Germany’s largest solar project. Microsoft has already secured 323 MW of this renewable energy capacity from Shell.

/ESSEN/MADRID, August 25, 2023, 08:05 CET, Asterion Industrial Partners/ Asterion Industrial Partners, an independent investment management firm focused on European infrastructure, has signed a purchase agreement for the acquisition of the energy utility STEAG from the consortium Kommunale Beteiligungsgesellschaft (KSBG), which represents the municipal utilities of the cities of Dortmund, Duisburg, Bochum, Essen, Oberhausen, and Dinslaken. The transaction values STEAG at an enterprise value of around €2.6 billion.

/STOCKHOLM, July 20, 2023, 08:05 CET, Vattenfall/ Vattenfall has acquired the German solar developer Solizer. The transaction includes an experienced team and a pipeline of large-scale solar projects in Germany with a volume of 4 GW. This acquisition expands Vattenfall’s German solar development portfolio to 7 GW in total. The first projects from the new portfolio can be ready for construction as early as 2024.

/MUNICH, June 16, 2023, 17:00 BST, RENEWABLE MARKET WATCHTM/ Renewable Market Watch™ visited the smarter E Europe Conference and Exhibition in Munich from 13 to 16 June 2023. After three exhibition days and inspiring conferences and forums, Europe’s largest platform for the energy industry publishes a record success: 2,469 exhibitors from 57 countries showcased products and solutions across 180,000 square meters in 17 exhibition halls and an outdoor area. More than 106,000 visitors from 166 countries made their way to Munich to be part of the event this year, and…

/NIESTETAL, GERMANY, March 13, 2023, 11:15 GMT, SMA/ Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) has presented provisional, non-audited figures for 2022 as a whole. The figures report that SMA group sales rose by 8.4% year on year to €1,065.9 million (2021: €983.4 million) despite pronounced procurement supply shortages. Earnings before interest, taxes and depreciation (EBITDA) increased significantly to €70.0 million from €8.5 million in the 2021 fiscal year. This corresponds to an EBITDA margin of 6.6% (2021: 0.9%).

/ESSEN, March 2, 2023, 9:30 GMT, RWE/ RWE, the UK’s largest power generator and one of the largest renewables developers, has significantly expanded its solar and battery capabilities by acquiring JBM Solar, a large independent developer of solar and battery storage systems. With this acquisition RWE reaffirms its UK strategy by continuing to grow and to diversify its UK portfolio by adding further solar and battery projects. With the acquisition of JBM Solar, RWE takes over a mature pipeline with a combined capacity of around 6.1 gigawatts (GWac), split into…

/LONDON, February 6, 2023, 9:30 GMT, RENEWABLE MARKET WATCHTM/ Offshore wind energy has become an increasingly important renewable energy source in Germany. The German government has implemented several policies and initiatives to support the expansion of offshore wind energy. One of the most significant are amendments to Renewable Energy Sources Act (EEG) and to the German Offshore Wind Energy Act (WindSeeG), which sets out a framework for developing offshore wind farms and provides rules for auctioning offshore wind energy projects. The country has set ambitious goals to expand offshore wind power, with…