Energiekontor has reached financial close on a 60MW solar project in the district of Märkisch-Oderland in Brandenburg, Germany.
From the first full year of operation, the Letschin solar park will generate around 68GWh of green electricity each year.
The site has a long-term private power purchase agreement with a German industrial company.
Construction of the solar park will begin during third quarter 2024, with commissioning scheduled for first quarter 2025.
Energiekontor chief executive Peter Szabo said: “With the successful go-ahead for the Letschin solar park project, we are consistently implementing our strategic goal of expanding the solar segment.
“Our project pipeline in the solar segment is well filled. In Germany alone, we currently have the option to further develop solar parks with a total generation capacity of around 170 and to bring them into the construction phase by the end of this year.
“Also in France, we have already submitted the first applications for the approval of three solar park projects with a total generation capacity of over 55MW.
“With the consistent transfer of operational solar parks into our own portfolio, we are not only pursuing what we have promised, namely the further expansion of the Group’s own wind and solar park portfolio, but also contribute to the future stabilisation of income from the power generation segment.”