May 11 (Renewables Now) – Hamburg-based inexperienced power producer Green Fox Energy GmbH is planning to inject about EUR 1 billion (USD 1.05bn) in renewable power in the following 4 years with a deal with photovoltaic (PV) initiatives in Germany and Spain.
The newly established firm has already signed contracts for 300 MW of initiatives, it stated on Wednesday.
Backed by German power and actual property entrepreneur Joern Reinecke, Green Fox Energy goals to enhance its core enterprise — the event and operation of solar and wind power crops in addition to power storage options primarily in Germany and Spain. Individual initiatives in different EU international locations with a secure political setting are additionally doable, in accordance to the corporate’s web site.
The power producer famous that it’s consistently exploring the marketplace for new funding alternatives.
The firm’s investments are targeted on grid-connected power crops and ready-to-build initiatives. However, the acquisition of initiatives in the mid- or late-development stage can also be an choice if the corporate is in a position to be certain that a sure mission will attain the shovel-ready stage. In the medium time period, it goals to construct a portfolio of 1 GW of put in capability.
(EUR 1.0 = USD 1.055)
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Green Fox Energy to invest heavily in solar power in Germany, Spain & More Latest News Update
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