Hanwha Group's Q ENERGY and solar energy company ENVIRIA have announced a partnership to co-develop 500 MW greenfield solar PV projects in Germany calling it one of the largest merchant solar projects deals in the country.
They plan to realize this capacity in the form over 30 ground mounted solar PV projects with individual project sizes of between 2 MW and 70 MW. Projects in the pipeline are expected to reach ready-to-build (RTB) stage between 2023 and 2025.
Most of the projects are designed to be operated on a merchant or power purchase agreement (PPA) basis, and a 'noteworthy' part is considered suitable to participate in the country' Renewable Energy Sources (EEG) tenders.
ENVIRIA, for whom it is the largest renewable energy project to be implemented to date, entered framework purchase and co-development agreement with Green Energy Solutions (GES) of Hanwha Qcells Gmbh in March 2022. It has now been transferred to Q Energy that was recently formed by the South Korean group bringing together 2 subsidiaries to focus on European downstream market (see Hanwha Qcells Rebrands Q ENERGY For Europe).
"This unique cooperation strengthens our activities in the free-field solar plant segment and provides us with planning security for a substantial share of our expanding German pipeline in free-field solar capacity," said Founder and CEO of ENVIRIA Group, Melchior Schulze Brock.
Once the market leader for solar PV technology, Germany is once again one of the hottest solar markets in Europe currently as it aims to achieve 400 GW cumulative installed solar PV capacity by 2040 under EEG 2023, so expect more news to come from this part of the world (see Germany's Bundestag Clears Easter Package).
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