ERG, through its subsidiary ERG Development Germany GmbH & Co. KG., and AREAM Advisory GmbH, part of the aream Group, a Germany-based developer in the area of sustainable energy infrastructure, have signed a co-development agreement to implement an early stage solar portfolio of around 600 MW in Eastern Germany.

Germany, one of the leading European Countries, has a high growth potential in terms of RES development, with capacity expected to increase of at least additional 50 GW by 2030, also thanks to a strong political support. aream and ERG will cooperate throughout the project starting from its early development phases until the Commercial Operation Date. The agreement is structured with a logic of “long term cooperation” and includes the possibility to further increase the portfolio capacity. 

Markus W Voigt, CEO of aream Group: “The development of projects in the solar sector requires a very specific know-how. We are pleased that ERG has chosen aream as its partner. The agreement with ERG will allow us to accelerate the development of photovoltaic plants even further. ERG, as a market leading company in the renewable energy sector, is an ideal partner for the development of solar portfolios for aream as it combines financial strength, technological expertise and a strong market knowledge. And generally speaking, investing in photovoltaic as part of a renewable energy portfolio delivers predictable and attractive returns."

Luca Bettonte, CEO of ERG commented: “This agreement with aream, a reputable and outstanding partner with a solid track record in the sector, will allow ERG to enter the solar large-scale market in Germany and to increase its presence in one of our key countries. This also represents a solid step towards the technological and geographical diversification of our portfolio. In addition, in order to strengthen our local structure, a team of seven people with a consolidated experience in the greenfield project development sector will enter our German branch”.