Integrated energy company MET Group, based in Switzerland, has acquired a solar-plus-storage project in the German state of Saxony. The project aims to develop a solar farm with an expected capacity of 62 MWp, along with a co-located battery system of 60 MW/240 MWh.
MET Group announced on Thursday that it has secured the development by acquiring a 100% stake in a project company from German renewables developer ToRa GmbH. The financial details of the transaction were not disclosed.
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Moving forward, ToRa GmbH and MET Group will collaborate throughout the entire development of the project.
MET Group secured land in the municipality of Gross Dueben for this project at the end of 2023. The site has the potential for the development of a cluster of more renewables in the Lausitz area, according to the Swiss group.
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“The project is unique in the German market, as it integrates both grid connection and battery storage. In addition, the project and the grid connection have considerable potential for expansion,” explained Tomke Heinen, CEO of ToRa GmbH.
