GreenGo Energy has entered the German market with a 500MW solar partnership with Encavis AG.
The developer already has a market presence in USA, Europe and Northern Africa.
The new 500MW partnership in Germany adds to the company’s existing 600MW late-stage project portfolio in Denmark, GreenGo said.
Managing director of GreenGo Energy in Germany Stefan Degener said: “This new framework agreement with our strategic partner, Encavis AG, securing 500MW of solar projects in Germany, stands as a cornerstone of our ambitions in the European market.
“It represents the logical next step for us to expand our proven and highly successful partnership model with Encavis into Germany where we are rapidly expanding our footprint and project pipeline.
“This agreement will take our joined project portfolio to the next level at a total of more than 1.1GW.”
The partnership with Encavis AG began back in 2019.
Most recently, the two partners announced ready-to-build status for one of Denmark’s largest solar parks, Nørhede-Hjortmose near Ringkobing in Denmark.
Chief investment officer/chief operating officer of Encavis Mario Schirru said: “Together with GreenGo Energy, we have been able to realise more than 280MW of solar generation capacity in Denmark in around two and a half years, some of which have already been connected to the grid.
“We now want to continue this track record of success together with our partner’s rapidly growing location in Germany.”
With the new announcement, GreenGo Energy has a total of 27GW of solar, wind, BESS and P2X projects in various stages of development and a total of 5GW of partnership framework agreements with Tier1 investors in renewable energy.