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June 16 (Renewables Now) – Spanish renewable energy producer Grenergy Renovables SL (BME:GRE) has entered the German market the place it hopes to realize a photo voltaic venture improvement pipeline of at the very least 3 GW by 2025.
The corporate mentioned in a press release that its entry into Germany is inspired by the introduction of the REPowerEU plan to stop Europe’s dependence on Russian fossil fuels by the tip of the last decade. Germany alone goals to achieve an 80% renewable energy share in the identical interval and has set a 2030 photo voltaic goal of 215 GW.
Grenergy plans to take part in public auctions in Germany and to pursue personal energy buy agreements (PPAs) as nicely. It mentioned {that a} nation supervisor with in depth expertise within the sector will lead a neighborhood staff of 15 staff from new workplaces in Berlin.
General, the corporate has a world pipeline that exceeds 11.5 GW of tasks in varied phases of improvement in Europe, North America and Latin America.
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