Vattenfall acquires 4GW solar PV portfolio in Germany

Facebook
Twitter
LinkedIn
Reddit
Email
The acquisition of Solizer increases Vattenfall’s solar portfolio in Germany to 7GW. Image: Vattenfall.

Swedish state-owned utility Vattenfall has acquired German solar developer Solizer and its PV portfolio of 4GW of projects in Germany.

With this acquisition, Vattenfall increases its German solar PV development portfolio to 7GW, while construction of the first projects of the newly acquired portfolio is expected to start as early as 2024.

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

The utility continues to expand its reach into the German market, where it invested in a 76MW agrivoltaics plant, in the northeastern municipality of Tützpatz, earlier this year and for which the construction is expected to start this summer.

Germany continues to be one of the leading markets in Europe for solar PV and has already added 2.6GW of solar PV in the first quarter of 2023.

Moreover, the country continues to accelerate the uptake of solar in the country with the launch of tenders, seeking nearly 2GW of solar PV at the beginning of the year.

Helene Biström, senior vice president and head of business area wind at Vattenfall, 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.”

Downstream activity in Germany has been booming this year with several companies either setting foot in the solar market or acquiring local developers such as Vattenfall did. Among players who entered the market this year are renewables developer Fotowatio Renewable Ventures (FRV) with a 2GW solar and storage target by 2027, solar developer Lightsource bp targeting 400MW solar PV per year by 2030 or Danish investor company Copenhagen Infrastructure Partners (CIP) launching a new renewables development platform in Germany named Baldur Power.

Furthermore, at the upstream level Germany recently launched an expression of interest for 10GW of solar manufacturing, in a move to boost the country’s PV manufacturing supply chain.

Read Next

June 25, 2025
US EPC contractor SOLV Energy has acquired high-voltage (HV) transmission contractor Arizona-based Spartan Infrastructure.
Premium
June 18, 2025
Aesolar and Fraunhofer CSP are developing segmented solar modules optimised for rooftops with partial shading.
Sponsored
June 12, 2025
At this year’s Intersolar Europe event, held in Munich, Germany, Solavita launched a new hybrid inverter for the C&I sectors.
June 6, 2025
Eternal Sun has acquired German solar simulator provider Wavelabs, which has resulted in the formation of a new subsidy, Wavelabs Eternal Sun.
Premium
June 6, 2025
Europe must secure the 'strategic segments' of the solar supply chain, according to experts at a PV Tech panel at this year's Intersolar event.
June 2, 2025
A new manufacturing method has produced tandem perovskite-silicon tandem solar cells with a conversion efficiency of 27.8%.

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
September 16, 2025
Athens, Greece