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innogy is building on its cooperative relationship with Primus

Power News - Published on Thu, 17 Jan 2019

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innogy SE is building on its cooperative relationship with Primus Group. From now on, innogy and Primus Solar GmbH will tackle solar projects together, in addition to onshore wind projects. This was confirmed in a cooperation agreement, signed by both companies End of December. Part of the agreement allows innogy to take over solar projects with a total capacity of over 50 megawatts peak (MWp) in Thuringia, central Germany, and Bavaria, southern Germany. Primus, which is a developer based in Regensburg in Bavaria, will continue to further develop projects for innogy as a service provider. However, the rights to the projects will be fully transferred to innogy. Both parties have agreed to keep the purchase price and other contractual details confidential.

Dr Thorsten Blanke, Head of Solar at innogy SE said that “Entering into specific cooperative agreements with other project developers is part of our growth strategy. We have already worked with Primus in developing onshore wind power plants. We are now set to extend this cooperative relationship to the area of photovoltaics. Primus is a highly professional development partner that is well-established in the region. Together with our subsidiary BELECTRIC, we will bring our technical expertise from the area of solar energy to the table, which will be necessary in order to hold our ground in a competitive market like Germany.”

Mr Jürgen Meyer-Menz, Managing Director of Primus Energie GmbH, said that “For more than a year now, we have a promising cooperation in the field of wind power. We complement the outstanding market position of innogy with the advantages of a flexible and highly specialised medium-sized developer. What could be more appropriate than to use this recipe for success in the field of photovoltaics. In particular, we are looking forward to working with the highly experienced and successful colleagues of innogy and BELECTRIC.”

In total, the pipeline consists of six solar parks that are in different stages of development. An initial project with about 10 MWp of installed capacity is already in an advanced development stage and could take part in an auction this year. The innogy subsidiary BELECTRIC will take on the construction and operation of these projects.

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Posted By : Rabi Wangkhem on Thu, 17 Jan 2019
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