Solarcentury strikes deal with Germany's Capital Stage to ramp up solar expansion

London: Solarcentury has today revealed a new partnership with Germany's Capital Stage worth up to £1bn that will drive a major expansion in the clean energy firm's investment activity across a number of key markets, including the UK.

The two firms have joined forces to create a framework vehicle that will enable Solarcentury to develop, acquire or operate 1GW of new solar assets over the next three years in the UK, Netherlands, France, Spain, and Mexico.

Solarcentury chief executive Frans van den Heuvel told some of the projects will be drawn from the company's existing 2.5GW development pipeline, while other sites will be acquired during the construction or operation phases.

He stressed that the fresh capital injection will allow Solarcentury to hold on to sites after construction is completed, opening the door to more experimentation with new technologies such as time-of-use tariffs, demand response systems, and battery storage. "It's the next phase in Solarcentury's growth - it's really transformative," he said of the deal.

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