MET Group has acquired a 100% stake in a German project company from ToRa GmbH. The project aims to develop a photovoltaic plant with an expected capacity of 62 MWp and a co-located 60 MW / 240 MWh battery energy storage system in Saxony, Germany.
The seller, ToRa GmbH, is a solar and wind project developer with expertise in developing and operating PV and wind assets in Germany. ToRa GmbH and MET Group will cooperate throughout the project’s entire development process.
“ToRa GmbH is an ideal partner for MET Group in Germany as it has a large network and a project development portfolio of over 2.3 GW. The German market presents an excellent opportunity for MET and I would like to see us take a significant position in the German wind and solar market,” explained Christian Hürlimann, Renewables CEO of MET Group.
MET Group secured land in Groß Düben for the project at the end of last year, that also has the potential for project development of a cluster of even more renewable projects in the Lausitz area.
“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. The municipality of Groß Düben and the landowners support this project and have great confidence in MET as a partner,” said Tomke Heinen, CEO of ToRa GmbH.
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 15 countries through subsidiaries, 30 national gas markets, and 39 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2023, MET Group’s consolidated sales revenue amounted to EUR 24.5 billion, with a total traded volume of natural gas amounting to 88 BCM and total traded electricity of 68 TWh.
ToRa GmbH
ToRa GmbH operates as a service company in the photovoltaic and wind energy sectors based in Leer, Germany. It ensures sustainable energy production and designs, plans and builds photovoltaic and wind energy systems in Europe, with a focus on Germany. The employees of ToRa GmbH have more than 20 years of experience in the field of renewable energy. The company’s business includes the evaluation, project planning, implementation and sale of photovoltaic, wind and hybrid projects.