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RWE to sell solar developer Belectric to Czech ČEZ

Energy Trade

Image by Pixabay

German energy company RWE AG is selling solar PV (photovoltaic) plant developer subsidiary Belectric to Czech power group ČEZ, Germany's competition regulator said, according to a report by Renewablesnow.com.

ČEZ applied on November 11 for regulatory approval to take full ownership of Belectric. Founded in 2001, Belectric is a 100% subsidiary of RWE Renewables and focuses on utility-scale solar power plants and energy storage systems.

The company has built over 460 solar PV power plants with 3.85 GWp (gigawatt-peak) of installed capacity and has a further 685 MW under construction. It also provides maintenance services. 

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