Brief: Galata Wind Enerji Says Galata Wind Energy Global BV's Subsidiary SunSpark GmbH Signs Agreement To Buy 2 Solar Power Plant Projects In Germany

Galata Wind Enerji

26/06/2025 06:24

June 26 (Reuters) - GALATA WIND ENERJİ GWIND.IS:

SAID ON WEDNESDAY SUNSPARK GMBH, A 100% SUBSIDIARY OF GALATA WIND ENERGY GLOBAL BV, WHICH WAS ESTABLISHED TO COORDINATE RENEWABLE ENERGY INVESTMENTS IN EUROPE; EXECUTES AGREEMENT WITH SELLER TO ACQUIRE OF TWO SOLAR POWER PLANT PROJECTS WITH INSTALLED CAPACITIES OF 9 MW AND 12 MW, RESPECTIVELY, IN GERMANY

INTENDS TO ACQUIRE PROJECTS FOR A PURCHASE PRICE SUBJECT TO CERTAIN ADJUSTMENTS AS DEFINED IN AGREEMENT, AND TO COMPLETE TRANSFER OF PROJECTS AND ASSOCIATED CLOSING TRANSACTIONS ACCORDINGLY

PROJECTS, TO COMMENCE CONSTRUCTION FOLLOWING COMPLETION OF PERMITTING PROCESSES, ARE LOCATED IN SOUTHERN GERMANY AND WILL INCLUDE DEVELOPMENT OF AGRI-PV (AGRICULTURAL SOLAR POWER) SYSTEMS AND BATTERY STORAGE UNITS

WITH THE COMPLETION OF THESE ACQUISITIONS, TOTAL CAPACITY WE AIM TO REACH IN GERMANY WILL INCREASE TO 83 MW, INCLUDING 43 MW AGRI-PV AND 40 MW BESS

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 (Gdansk Newsroom)

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