Vattenfall Expands German Solar Development Portfolio with Acquisition of Solizer

Vattenfall Expands German Solar Development Portfolio with Acquisition of Solizer

(IN BRIEF) Vattenfall, a leading energy company, has acquired Solizer, a German solar developer, as part of its efforts to enable fossil-free living. The acquisition includes an experienced team and a pipeline of large-scale solar projects in Germany, totaling 4 GW. With this acquisition, Vattenfall’s German solar development portfolio now reaches 7 GW. The company aims to construct the first projects from this portfolio as early as 2024. The expansion of solar power generation aligns with Vattenfall’s goal of meeting the increasing demand for low-cost solar power and contributes to the transformation of Europe’s energy system.

(PRESS RELEASE) STOCKHOLM, 21-Jul-2023 — /EuropaWire/ — Vattenfall wants to enable fossil-free living within one generation. The expansion of electricity generation from solar supports this goal. Helene Biström, Senior Vice President and Head of Business Area Wind, stresses the importance of this acquisition: “Germany is a core market for Vattenfall’s solar development. Solar is cost-competitive and can be built subsidy-free, which is important in meeting the rapidly increasing demand for low-cost solar power from customers. By adding Solizer’s development projects and know-how to our portfolio we continue on our renewables growth path.”

Solar power plays an essential role in the energy system, from small household installations to large-scale projects. In recent years the cost of solar panels has dropped significantly, and they are now among the cheapest forms of electricity generation. Due to decreasing costs and low CO2 emissions, volumes of solar panels will continue to grow in Vattenfall’s core markets. Large-scale solar farms will play a pivotal role in transforming Europe’s energy system.

To read more about solar development at Vattenfall: Solar power – Solar energy – Vattenfall

Media Contact:

Johan Sennerö
Media Relations
+46-73 046 40 45
Johan.senneroe@vattenfall.com

SOURCE: Vattenfall AB