MEAG, the asset supervisor of Munich Re and Ergo Group, has acquired all shares within the ready-to-build storage mission within the German state of North Rhine-Westphalia. SMA Altenso is to supply the total EPC and O&M companies for the battery park, which is scheduled to go surfing within the second half of 2025.


Visualization of the Metelen Battery Park

Picture: SMA

From pv journal Germany

MEAG Munich Ergo Assetmanagement GmbH has agreed with SMA Altenso GmbH to accumulate all shares within the Metelen Battery Park within the state of North Rhine-Westphalia.

The 92.5 MW and 231 MWh battery power storage mission (BESS) is able to start development.

MEAG, the asset supervisor of Munich Re and Ergo Group, has been carefully monitoring the German battery storage marketplace for greater than a 12 months and has now invested on this space for the primary time. The corporate presently manages round €345 billion, of which €61 billion are for personal and different institutional buyers.

SMA Altenso, based 10 years in the past as a completely owned subsidiary of SMA Photo voltaic Know-how AG, has since then applied round 1.5 GW of battery storage tasks and 1 GW of hydrogen tasks. (Altenso stands for “Various Power Options.”)

SMA Altenso is to stay related to the massive storage facility in Metelen as a common contractor and O&M supplier. The mission is predicted to go surfing within the second half of 2025.

As a weblog publish by father or mother firm SMA signifies, Altenso had “acquired a plot of land prematurely, secured a grid connection level and obtained all the required constructing permits from the native authorities” for this huge battery storage facility. The sale of this BESS mission, which arose from its personal mission improvement actions, to a strategic investor is a crucial milestone. Altenso plans to considerably increase its actions when it comes to mission improvement and execution within the close to future.

“We belief our partnership will likely be helpful for all events concerned and we strongly consider that mission Metelen will mark a cornerstone within the German BESS market,” stated Alessandro Materozzi, Altenso’s head of mission improvement. MEAG, in flip, expects “enticing returns for our buyers on this promising enterprise phase.”

This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: editors@pv-magazine.com.

Standard content material