Emeren Group Ltd, a leading global solar project owner, operator, and developer, has recently announced the successful sale of an 11.5 MWp PV project to Swiss-based energy company MET Group. The project, developed to the Ready-to-Build (RTB) stage, will be situated in Kentzlin, Mecklenburg-Western Pomerania, and is set to contribute to Germany’s renewable energy infrastructure. MET Group will take charge of the construction and operation of the power plant, marking a significant milestone for both companies. Emeren’s entry into the German market in early 2021 has been met with remarkable progress, culminating in the development and sale of its first RTB project. The Berlin-based subsidiary, Emeren Germany GmbH, played a pivotal role in achieving this feat. Capcora, a reputable German consulting company, served as the exclusive sell-side M&A advisor to Emeren, facilitating the successful transaction.
The commercial operations of the new PV power plant are anticipated to commence in the second half of 2024. Yumin Liu, CEO of Emeren Group, expressed his satisfaction, stating, “This project is an important milestone for our business in Germany and represents our commitment to developing renewable energy infrastructure in the region. We look forward to continuing to work with our local partners to build a more sustainable future.”
Bernd Wollwerth-Carl, Director of Emeren Germany GmbH, shared his excitement about the accomplishment, stating, “We are delighted to have sold our first RTB project in Germany. 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.”
Christian Hürlimann, Renewables CEO of MET Group, commented, “The Kentzlin project fits well into MET’s strategic vision to enter the highly competitive German renewables market, as well as to further expand its renewables portfolio across Europe and particularly in Western Europe. Emeren Group’s expertise in renewable energy was instrumental in achieving this milestone, and we anticipate future collaboration on additional projects.”
Henning Prigge, Director at Capcora, expressed their satisfaction with the successful collaboration, stating, “We are delighted to have played a pivotal role in Emeren’s successful project sale to MET Group, a prominent integrated European energy company. Our long-standing partnership with Emeren has allowed us to witness their growth and success, and we couldn’t be happier to have been a part of this milestone. This collaboration reinforces our commitment to providing top-notch support and solutions to our valued clients.”