Vattenfall has acquired the German solar developer Solizer. The transaction includes an experienced team and a pipeline of large-scale solar projects in Germany with a volume of 4 gigawatts.
This acquisition expands Vattenfall’s German solar development portfolio to 7 gigawatts in total. The first projects from the new portfolio can be ready for construction as early as 2024.
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 carbon dioxide 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.
“Germany is a core market for Vattenfall’s solar development,” said Helene Biström, senior vice president and head of business area wind at Vattenfall. “Solar is cost-competitive and can be built subsidy-free, which is im