Greentech starts running 103 MW of ground-mounted PV in Germany

Greentech's Agethorst solar park, Germany

Share

From pv magazine Germany

Hamburg-based Greentech has started operating three solar projects in the northern German state of Schleswig-Holstein with a total capacity of 103 MW: Nienbüttel (21.5 MW), Agethorst (70.9 MW) and Kohlenbek (10.3 MW). The arrays represent the company's largest portfolio to date.

Greentech said the total investment volume is around €70 million ($74.9 million), or €680/kW of installed capacity. Deutsche Kreditbank (DKB), reportedly the largest financier of renewable energy projects in Germany, financed the new solar plants. A fund for institutional investors advised by EB – Sustainable Investment Management (EB-SIM) invested in the projects in Nienbüttel and Agethorst. EB-SIM is a subsidiary of the Evangelische Bank and has also been active in renewable energy for many years.

Greentech said it developed the projects itself, built some of them itself and “pre-financed them as a group.”

This is “a real milestone in the company's development,” says CIO Felix von Buchwaldt. “Through long-term asset management and technical operations management, we contribute our know-how to optimize the assets and remain closely connected with the projects and our partners in the communities.”

The company is therefore developing “various other projects in Schleswig-Holstein and other federal states.” In May, for example, a statutory resolution was passed for a 46 MW project in the Schlweswig-Holstein municipality of Grossenwiehe.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Daikin launches air-to-water inverter heat pumps for residential applications
26 November 2024 The Japanese manufacturer said its new heat pumps have a temperature coefficient of up to 3.4 and a size ranging from 16 kW to 70 kW. The new solution...