aream and Eiffel launch JV for 500 MWp of solar, battery projects
Investors - MAY 7, 2024

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aream and Eiffel launch JV for 500 MWp of solar, battery projects

by Kali Persall

aream Group and Eiffel Investment Group have joined forces to create Aream Solar Ventures, a joint venture focused on developing a pipeline of solar PV and battery projects.

The joint venture plans to develop more than 500 megawatts peak of photovoltaic projects in Germany in the coming years. These include both traditional open-space developments and agri-PV systems in Mecklenburg-Western Pomerania, Saxony-Anhalt and Brandenburg. The individual development phases are expected to take between 18 and 36 months.

Under the terms of the agreement, Eiffel is acquiring 49 percent of the portfolio from aream and will finance the majority of the joint venture’s future development costs. aream will be responsible for the development of the PV projects.

“For aream, the joint venture is a building block in our German project development portfolio, which continues to grow both in photovoltaics and batteries,” said Markus W. Voigt, CEO of aream.

The financing pa

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