A German utility has completed the sale of three renewable hybrid power plants with subsidy tariffs from the EEG innovation tender.
The municipal project developer, Trianel Energieprojekte, has sold the plants, each consisting of a ground-mounted solar farm and a battery storage system, to LHI Group, an investment and asset manager from Pullach near Munich.
The total portfolio transferred has a total output of 43MW and a storage capacity of 28MWh.
The facilities are located in Letschin (Brandenburg), Lübars (Saxony-Anhalt) and Gammertingen (Baden-Württemberg).
They all began operations in summer 2024.
“We are pleased to have found a professional buyer for our plants from the innovation tenders in LHI, who is pursuing a sustainable growth strategy like us,” said Trianel Energieprojekte managing director Herbert Muders.
“The demand for attractive investments in the renewables sector remains high.
“Hybrid power plants in particular combine generation from renewable energies with the increasingly important system service in a unique way.”
Trianel has a solar portfolio of 2GW in different phases of development.