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Thüga and CEE are Planning Large-Scale PV Systems with 500 MW

Hamburg, Germany - Thüga Erneuerbare Energien GmbH & Co. KG (THEE) and the CEE Group (CEE), have signed a memorandum of understanding. The focus is the jointly operation of large-scale photovoltaic plants in Germany without subsidies.

THEE and CEE expect synergies for the construction of large ground-mounted solar energy systems in Germany on the basis of long-term power purchase agreements (PPA).

THEE has access to suitable sites in several German federal states and brings planning and energy management expertise as well as operator know-how to the cooperation. The Thüga Group, the largest network of municipal utilities in Germany, is the preferred partner to provide long-term power purchase agreements. On the other hand CEE is one of the most active German investors in renewable energy, investing primarily in wind and solar assets across continental Europe. CEE has a long track record of acquiring, operating, maintaining and repowering large-scale photovoltaic plants across multiple markets.

Over the coming years, THEE and CEE plan to jointly realize and operate several large-scale photovoltaic plants with a total capacity of 500 MW in Germany. Corresponding projects, among others in Mecklenburg-Western Pomerania and Brandenburg, are already under development and are to be realized step by step from 2020. Thomas Walther, Managing Director of THEE said: "Solar energy is the technology of choice when it comes to implementing the first subsidy-free large-scale photovoltaic projects in Germany with long-term power purchase agreements, due to the very low production costs. In this context we are very pleased that we have found in CEE a financially strong and very experienced partner in the field of large-scale photovoltaic plants."

Source: IWR Online, 30 Aug 2019