Encavis has set a strategic growth plan with the aim of doubling its own generation capacity over the next six years.
The Fast Forward 2025 strategy targets 3.4GW of capacity, up from 1.7GW currently.
Investments will be in ready-to-build wind and solar farms, as well as projects already in earlier phases of development, Encavis said.
It will sell minority interests up to 49% in selected solar farms to generate funds for the new investments.
Encavis chief executive Dierk Paskert said: “The business model of Encavis is fully in line with the development of a new, environmentally friendly way of generating energy – and on an international level.
“But Encavis is not only environmentally friendly, Encavis is also economically very successful and with our growth strategy.”