Vattenfall has acquired the German solar developer Solizer, which has a pipeline of projects across the country totalling 4GW. A well as the pipeline, the transaction includes an experienced team. This acquisition expands Vattenfall’s German solar development portfolio to 7GW in total. The first projects from the new portfolio will be ready for construction as early as 2024.
Vattenfall senior vice president and head of business area wind Helene Biström said: “Germany is a core market for Vattenfall’s solar development. “Solar is cost-competitive and can be built subsidy-free, which is important in meeting the rapidly increasing demand for low-cost solar power from customers. “By adding Solizer’s development projects and know-how to our portfolio we continue on our renewables growth path.”
Credits: renews.biz [Image: Vattenfall]