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Deutsche Werte taps into Greece's solar market

Solar farm. Author: Juwi Renewable Energies Limited.

May 23 (Renewables Now) - German investment holding firm Deutsche Werte Holding (DWH) has become a shareholder in Greek renewables firm Maximus Terra SA and will join it in the development of a 200-MW solar portfolio.

Deutsche Werte has acquired a stake of an undisclosed size in Maximus Terra, it said on Tuesday. The German firm is “especially interested” in Maximus Terra’s intention to license 200 MW of solar projects, which will soon become shovel-ready. DWH will provide financial backing for the planning and execution.

According to the new co-investor, the licences can be either sold to energy suppliers in exchange for a “significant” short-term profit or be used for the installation of a self-owned photovoltaic (PV) portfolio. The current market value for 1 MW of PV licences is around EUR 100,000 (USD 111,430), while a 200-MW solar complex would generate up to EUR 340 million of revenues over 20 years, Deutsche Werte calculates.

(EUR 1.0 = USD 1.114)

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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