MET Group, ToRa Launch Development Partnership With Solar and Storage Project in Saxony
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MET Group has acquired a 100% stake in a German project company from ToRa GmbH. The project aims to develop a photovoltaic plant with an expected capacity of 62 MWp and a co-located 60 MW / 240 MWh battery energy storage system in Saxony, Germany, according to a press release sent to the Budapest Business Journal.
The seller, ToRa GmbH, is a solar and wind project developer with expertise in developing and operating PV and wind assets in Germany. ToRa GmbH and MET Group will cooperate throughout the project’s entire development process.
“ToRa GmbH is an ideal partner for MET Group in Germany as it has a large network and a project development portfolio of over 2.3 GW. The German market presents an excellent opportunity for MET and I would like to see us take a significant position in the German wind and solar market,” explained Christian Hürlimann, Renewables CEO of MET Group.
MET Group secured land in Groß Düben for the project at the end of last year, which also has the potential for project development of a cluster of even more renewable projects in the Lausitz area.
“The project is unique in the German market, as it integrates both grid connection and battery storage. In addition, the project and the grid connection have considerable potential for expansion. The municipality of Groß Düben and the landowners support this project and have great confidence in MET as a partner,” said Tomke Heinen, CEO of ToRa GmbH.
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