Shell Energy Europe signs 600MW PPA for German solar project

Facebook
Twitter
LinkedIn
Reddit
Email
The Witznitz Energy Park is being constructed by German developer Moveon Energy. Image: Shell.

Shell Energy Europe has signed a 15-year power purchase agreement (PPA) with German insurance company Signal Iduna’s subsidiary Hansainvest Real Assets to secure 600MW of capacity from a solar project.

The Witznitz Energy Park, where the renewable energy is from, is being constructed by German developer Moveon Energy on the site of a former opencast coal mine near Leipzig. The project is expected to start generating electricity by the end of 2023.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Solar power purchase agreements enable us to combine our strengths in power trading and optimisation with our existing customer relationships to deliver more value with fewer emissions,” said Tom Summers, European vice president at Shell Energy Trading.

In the meantime, Shell Energy Europe will sell the power generated by 323MW of the solar capacity under the PPA to US tech corporation Microsoft. Shell Energy Europe said the supply agreement will help Microsoft meet its commitment to having a full supply of renewable energy by 2025.

Earlier this year, Shell also acquired 1.1GW worth of solar PV projects from Spanish solar generation company Isemaren. The projects are in various regions around Spain and follow a framework agreement signed between the two companies in 2022.

In related news, UK-based energy supplier, generator and aggregator Octopus Energy agreed a deal to take over Shell Energy’s UK and Germany retail utility businesses a few days ago, as reported by our sister site Current. The transaction was agreed with Impello Limited, a subsidiary of Shell Petroleum and includes the transfer of broadband as well as electricity customers.

Meanwhile, according to media reports, the fossil fuel giant is also preparing to sell off Germany-headquartered battery storage company sonnen. Focused mainly on the residential space and a market leader in Germany, Shell had acquired sonnen in 2019.

Read Next

June 27, 2025
Statkraft has signed PPAs with Better Energy to purchase energy from two solar power plants in Poland with a total capacity of 64GWh.
June 27, 2025
Solar developer Lightsource bp has signed a power purchase agreement (PPA) with a subsidiary of Taiwanese energy firm HD Renewable Energy (HDRE).
June 24, 2025
Independent power producer (IPP) Enery Development has formed a 50-50 joint venture (JV) with Romanian oil and gas producer OMV Petrom to build a 400MW solar PV plant in Bulgaria.
June 23, 2025
The volume of power purchase agreements signed in May has registered a low of 280MW, according to Swiss consultancy Pexapark.
June 20, 2025
Akuo has signed a 15-year power purchase agreement (PPA) with Imerys to develop a solar power plant in Texas.
June 16, 2025
Amazon plans to invest AU$20 billion to expand Australia’s data centre infrastructure, with utility-scale solar PV plants set to power these.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico