Leading German based PV specialist, greentech, announced that three solar parks with a total capacity of 103 MWp have been put into operation. The parks are located in the northern state of Germany – Schleswig-Holstein, and are expected to contribute significantly to the growth of renewable energies in the state. The plant in Nienbüttel is of 21.5 MWp, while Agethorst is of 70.9 MWp and Kohlenbek has a capacity of 10.3 MWp.

The total investment for the parks run to about € 70 million, and has been financed by Deutsche Kreditbank (DKB), one of the largest financiers of renewable energy projects in Germany. A fund for institutional investors advised by EB – Sustainable Investment Management GmbH (EB-SIM) has invested in Nienbüttel and Agethorst projects. EB-SIM is a subsidiary of Evangelische Bank and one of the leading asset managers for sustainable investments.

Speaking on the development, CIO of greentech, Felix von Buchwaldt said, “The successful realisation of this portfolio, which we developed ourselves, built in parts and pre-financed as a group, is a real milestone in greentech’s development as a fully integrated PV specialist. We are also pleased that we have been able to develop a trusting partnership with EB-SIM on the investor side. Through long-term asset management and technical operations management, we will contribute our expertise to optimise the assets and remain closely connected to the projects and our partners in the communities,’ says Felix von Buchwaldt, CIO of greentech.

Highlighting the cooperation with the greentech Group, Managing Director and Head of Alternative Assets at EB-SIM, Dr Bernhard Graeber said, “The PV portfolio is a prime example of the regional energy transition. In total, the electricity generated by the plants in Nienbüttel and Agethorst can avoid around 40,000 tonnes of CO2 equivalents per year compared to the electricity mix in Germany and supply around 20,000 four-person households with electricity.”

These parks are supposed to be the largest portfolio realised by greentech till date.