AMPYR, Belectric agree to install 200MW+ of solar PV across Germany within two years

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Belectric will conduct the engineering, procurement and construction of the sites as well as their operations and maintenance. Image: Belectric

Independent power producer (IPP) AMPYR Solar Europe (ASE) and German developer Belectric have agreed to install a pipeline of more than 200MW of solar PV capacity in Germany within the next two years.

The first two solar plants are to be constructed in the northeast German town of Brandenburg, just west of Berlin. The largest will have an installed capacity of 85MW, while the second plant will be made up of six sub areas totalling 65MW of capacity.

Belectric, which will look after the engineering, procurement and construction (EPC) of the sites as well as their operations and maintenance (O&M), said a 25km long transmission line and a substation will need to be built. Construction works for the two solar farms are expected to begin by the end of the year.

Tarun Agrawal, partner at AGP Group, parent company of AMPYR Energy, said the partnership would benefit from Belectric’s “extensive experience in large-scale solar plant construction, operations & maintenance.

“We are particularly excited about collaboration in engineering and supply chain management within teams at Belectric and AMPYR’s Global Technical Centre (AMPYRTech), to bring in the latest solar PV technology, while at the same time navigating the supply chain volatility.”

This is just the latest deal AMPYR has struck recently. In February, it closed a €400 million (US$455 million) loan facility with CarVal Investors that it will use to develop more than 2GW of solar PV across Europe by 2025. Meanwhile, it has also launched a US business, AMPYR Energy USA, that will aim to offset lower returns from power purchase agreements (PPAs) by leveraging merchant markets to increase revenue.

Belectric, on the other hand, has recently been sold by its parent company RWE to Czech utility CEZ, which will use the acquisition to target growth in Europe’s PV market.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

June 30, 2022
Voltalia has started the development of a cluster of solar PV projects in Brazil with a planned combined capacity of 1.5GW.
June 29, 2022
Spanish developer Grenergy has launched a €90 million (US$94.8 million) accelerated capital increase to fuel growth in Europe and develop its energy storage capacity.
June 29, 2022
A round-up of the latest news from the US solar market, including EDF Renewables selling its 270MWdc Huck Finn Solar Project to a local utility, CS Energy partnering to deliver New York community solar and NextEnergy Capital expanding its US presence.
June 29, 2022
The US solar industry added 17,212 jobs in 2021, up 5.4% on 2020 figures, with 40% of all US energy jobs now focused on the transition to a net zero economy, according to the Department of Energy’s (DOE) US Energy and Employment Report (USEER).
PV Tech Premium
June 28, 2022
Solar and energy storage were described by Elon Musk as going together “like peanut butter and jelly”. Andy Colthorpe meets some of the players creating this winning combination in the US.
June 28, 2022
Solar developer Procon Solar GmbH has sold a 400MW PV project pipeline to German energy company EnBW, with the potential for this to double over the next year as EnBW targets 50% of renewables in its generation mix by 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event