View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 6, 2021

ASE and KlimaVest to develop solar power projects in Germany

ASE will provide engineering, procurement and construction management services for the plants' commissioning.

By Srivani Venna

Ampyr Solar Europe (ASE) has signed an agreement with KlimaVest, a subsidiary of German investment firm Commerz Real, to develop a pipeline of large-scale solar photovoltaic (PV) projects in Germany.

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

Under the terms of the agreement, the companies will also build and commission the projects.

The initial portfolio of three solar farms in Germany will have a combined capacity of almost 200MWp.

ASE will develop the solar assets to ready-to-build status while providing engineering, procurement and construction management services for their commissioning.

Operations and maintenance services will also be put in place for the plants’ operations under the ownership of KlimaVest.

ASE executive chairman Andrew Gould said: “This partnership perfectly exemplifies ASE’s mission to leverage its capability and experience in developing large-scale renewable power projects, to provide institutional investors attractive opportunities to deploy capital and generate stable, reliable, long-term income.

“We couldn’t be more proud partnering with Commerz Real to jointly contribute towards Germany’s ambitious renewable energy targets”.

Commerz Real Infrastructure Investments head Jan-Peter Müller said: “We are really happy about this partnership [as] from the start, we had the feeling that there is a really good fit between ASE and Commerz Real.

“Hopefully, this is the first PV pipeline of many, since it is a perfect example for an investment that really creates a positive impact and delivers long term stable returns, just as we promised to our investors in KlimaVest.”

ASE was formed after a merger of NaGa Solar and AMPYR Energy UK, the latter being a joint venture of AGP Group and Hartree Partners.

The company has headquarters in London, UK, and Maastricht, Netherlands.

In February, Commerz Real acquired a 49.9% stake in a portfolio of 14 onshore wind farms in Germany owned by Energie Baden-Württemberg.

The wind farms feature 47 wind turbines and have 133MW of total generation capacity.

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU