The project is located in the state of Saxony-Anhalt and is R.Power’s first large-scale photovoltaic investment in Germany. It complements the company’s growing portfolio in Germany, which already includes over 115 MW of solar capacity awarded under the Innovation Auction organised by Bundesnetzagentur. This portfolio includes solar PV projects, installations integrated with battery storage and hybrid systems. The installation will benefit from a 20-year support scheme awarded under the German EEG auction system.

Securing the financing is part of R.Powerd’s international growth strategy. In recent years, the company has been expanding its operations outside Poland, with projects in Romania and Portugal. Germany is another key avenue of expansion in Western Europe.

“We are consistently building R.Power’s position as a pan-European renewable energy developer and producer” said Przemek Pięta, CEO and co-founder of R.Power. “In recent years, we have secured more than EUR 250 million in growth capital from international financial institutions, enabling us to scale our project portfolio. Germany is a natural, yet highly demanding, direction for this expansion. Securing financing for the Klotze project is an important step in strengthening our presence on this market and in executing our strategy based on multi-technology projects.”

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