A new solar park with a total capacity of 11.2 megawatts is to be connected to the grid in August 2021 in Rotthalmünster, Bavaria. This is being developed as a collaboration between aream GmbH's Clean Energy Future Fund and NaGa Solar. "It is interesting that direct marketing has been agreed with RWEST for the electricity from the plant," says Markus W. Voigt, CEO of aream Group. "This means that this segment is once again gaining in importance."

The approval process for the solar park has just been completed. The new solar park is being projected by the Clean Energy Future Fund of aream GmbH and the Dutch-German project developer NaGa Solar Holding B.V.. Solea AG will construct the plant with a capacity of eleven megawatts and will be responsible for operation & maintenance. Construction was scheduled to start in March 2021. "We are pleased to have already concluded the second transaction with NaGa Solar and to be operating the first PPA project in Germany," said Voigt.

The solar park is scheduled to go online in the third quarter of 2021 and feed the electricity it produces into Bayernwerk AG's grid. After commissioning, the solar park will save 16,500 tons of CO2 per year and will be able to supply 6,500 households with electricity on a calculated basis. "Thanks to falling production costs and new direct purchase agreements, solar plants in Germany can be operated as economically as they are climate-friendly," says Voigt.

Direct purchase agreements, or PPAs, are still relatively rare in Germany, but are already firmly established in other European countries. However, the German market has recently shown significantly accelerated growth in this area and is considered to be one of the markets with the greatest potential. PPAs offer producers the opportunity to fix prices for the long term and thus bring stability to revenue streams. "This creates certainty on both sides: The buyer knows his costs for the next few years, and the supplier knows his revenues," says Voigt. To participate in this, investors can invest in aream's Clean Energy Future Fund. "Within a renewable energy portfolio, this also allows for better planning of returns," Voigt says.

"We are excited to partner again with aream and look forward to further expanding our joint efforts for renewables in Europe," said Henny Pelsers, CEO of NaGa Solar.