Germany-based power companies Blue Elephant Energy (BEE) and Umweltgerechte Kraftanlagen (UKA) have partnered to develop a solar portfolio in the country.

The 500MWp portfolio comprises 11 solar projects located in Brandenburg, Mecklenburg-Western Pomerania, Saxony and Saxony-Anhalt.

The projects, with capacities ranging between 20MWp and 130MWp, are in advanced stages of development.

UKA will develop the solar projects until they are ready for construction.

The first solar parks are expected to be completed by 2023. Upon completion, the portfolio will be transferred to BEE.

The solar portfolio will generate enough clean energy to power around 200,000 households in Germany a year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The portfolio will also help reduce nearly 280,000t of carbon emissions a year.

BEE chief investment officer Tim Kallas said: “With UKA, we have been able to win a long-term business partner for this cooperation from whom we have already acquired various wind projects.

“We are all the more pleased to be able to expand this partnership in the solar sector as well. With this cooperation, BEE can significantly expand its portfolio in Germany and thus in a stable and currently very attractive market environment for PV power, without bearing any risks from project development.”

UKA managing partner Gernot Gauglitz said: “In order to successfully implement solar parks, you need partners with whom you can work together on a long-term and trusting basis. Blue Elephant Energy has been such a partner for us for many years.”

For formal reasons, the cooperation is subject to cartel approval and still requires approval from the Federal Cartel Office.