Emeren Group Ltd., a world solar mission developer, proprietor and operator, lately bought an 11.5 MWp PV mission to the energy firm MET Group, headquartered in Switzerland. The mission was bought on the ready-to-build (RTB) stage and MET Group will full the development and function the power plant. This is the primary mission developed to RTB stage by Emeren Germany GmbH, the Berlin-based subsidiary of Emeren Group, since its entry into the market in early 2021. Capcora, a German consulting firm, acted because the unique sell-side M&A advisor to Emeren.
The new PV power plant will probably be situated in Kentzlin nestled within the state of Mecklenburg-Western Pomerania. Commercial operations are anticipated to start out within the second half of 2024.
Yumin Liu, CEO of Emeren Group, commented, “This project is an important milestone for our business in Germany and represents our commitment to developing renewable energy infrastructure in the region.”
Adds Bernd Wollwerth-Carl, director of Emeren Germany GmbH: “Starting from scratch in 2021, we managed to grow quickly in a competitive German PV market, establishing partnerships and building a pipeline of medium- and large-scale ground-mounted PV plants. With MET, we found a reliable and competent partner and we look forward to further expanding our cooperation.”