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Alte Leipziger Hallesche insurance group acquires 49.9% of 600 MW EnBW solar portfolio

Alte Leipziger Hallesche insurance group acquires 49.9% of 600 MW EnBW solar portfolio

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Existing portfolio of 16 solar farms with around 600 MW capacity
  • Electricity output sufficient to supply some 200,000 three-person households
  • Both partners have many years of experience in renewable energy

Karlsruhe/Oberursel. The ALH Group is indirectly acquiring 49.9% of a portfolio of sixteen solar farms with a total capacity of 597 megawatts belonging to EnBW Energie Baden-Württemberg AG.

The portfolio also includes the new large-scale Weesow, Gottesgabe and Alttrebbin solar projects – the first solar farms of such size in Germany to be built without subsidies. These account for around 80% of the installed capacity. Environment-friendly energy generation from these three large solar farms alone will avoid some 325,000 tons of carbon emissions a year.

Located in the German states of Brandenburg, Baden-Württemberg, Bavaria, Mecklenburg-Western Pomerania, Rhineland-Palatinate and Saxony, all of the solar farms were developed and built by EnBW, and most have only been connected to the grid in the last few years.

EnBW will continue to manage, service and maintain the solar farms and to market the green power they generate. Their annual output averaging 580 gigawatt-hours is enough to meet the needs of over 200,000 three-person households in Germany.

Shared objective: investment in low-carbon generation

Anand Gupta Editor - EQ Int'l Media Network