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Innogy acquires rights to 50-MW portfolio of solar projects in Germany

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Innogy acquires rights to 50-MW portfolio of solar projects in Germany

Innogy SE signed an agreement to take over a 50-MWp portfolio of solar projects in Germany from Primus Solar GmbH.

Primus will continue to develop the projects as a service provider but the rights to the facilities will be fully transferred to Innogy. The companies did not disclose financial and other contractual details of the transaction in a Jan. 14 news release.

The portfolio comprises six solar parks in different stages of development. Innogy subsidiary BELECTRIC GmbH will manage construction and operation of the facilities.

In Germany, Innogy is building small-scale solar projects with an installed capacity of 750 kWp. The company in 2018 brought online a 750-kWp facility in the municipality of Lembruch in Lower Saxony. It is in the process of building two similar projects in the city of Osnabrück and the town of Stolberg in North Rhine-Westphalia, which are slated to start operation in the first quarter of 2019.

Two facilities in Rhineland-Palatinate are scheduled for completion in the second half of this year, and another three are planned for this year.