Encavis, Innovar Solar to develop 500MW solar PV in Germany

Facebook
Twitter
LinkedIn
Reddit
Email
An Encavis solar project.
Encavis continues to grow its presence in Germany where it has 412MW of solar PV operational so far. Image: Encavis.

German independent power producer (IPP) Encavis AG has signed a framework agreement with PV developer Innovar Solar to develop 500MW of rolling solar PV capacity in Germany.

The IPP highlighted that the rolling portfolio means that if individual projects are successfully developed, new ones will follow, thus allowing projects to be developed in parallel. The same mechanism will be applied to projects that do not reach the ready-to-build status.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

According to the companies, which collaborated last year, the development of the projects has already begun. Last year, both companies signed a framework agreement to build 160MW of solar PV, comprising nine plants located near motorways and railways or in other areas permitted by construction law for use for ground-mounted PV.

This partnership between the IPP and the solar developer will more than double the current solar PV capacity Encavis has installed in Germany, which sits at 412MW, said Mario Schirru, CIO and COO at Encavis AG.

Moreover, the company recently secured €145 million (US$161 million) in financing from German bank Commerzbank. The financing will be directed towards completing the construction of a 260MW solar PV plant, located to the north of Berlin, which secured a 12-year power purchase agreement (PPA) with chemical company LyondellBasell earlier this year.

Encavis’ parent company, Encavis Group, has a portfolio of 1.2GW of renewable energy projects under construction, of which 900MW are its own assets. It is present in 12 European countries, including Spain, where it recently acquired a 95MW solar PV portfolio from German renewables company BayWa r.e. and expected to be operational in the fourth quarter of 2025.

Read Next

September 4, 2025
Fraunhofer ISE has completed testing work of grid-forming inverters currently available in the energy industry.
September 2, 2025
The Fraunhofer Institute for Solar Energy Systems (ISE) will build a pilot solar cell line in Germany to support US manufacturer Talon PV’s efforts to establish solar cell capacity in the US.
September 2, 2025
SMA Solar has forecast financial losses and further restructuring measures in 2025, as it responds to falling sales and a “challenging” market for residential and commercial renewable energy installations.
September 2, 2025
Swedish independent power producer (IPP) OX2 has appointed Matthias Taft as its new chief executive officer.
August 29, 2025
Independent power producer (IPP) Verano Energy has closed a US$204 financing for a 83MW/660MWh solar-plus-storage project in Chile.
August 27, 2025
Independent power producer RP Global is building a 50MWp solar project in Harbke, Germany.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines