Skip to main content

Coal mining company plans 1-gigawatt solar farm in eastern Germany

September 30, 2022

Reuters:

German brown coal miner and power generator Leag unveiled plans on Thursday to build a 1,000 megawatt (MW) solar park that could open in early 2026, as it looks to expand in renewable energy.

Leag, based in eastern Germany's Lusatia region, aims to bring 7 gigwatts (GW) of solar and wind output facilities online by 2030, spending 1 billion euros ($972 million) a year, board chairman Thorsten Kramer said in a webcast with reporters.

"We want to start the energy transition now by becoming a leading player in renewables," he said.

"Lusatia will become a magnet for consumer industries of green power."

Leag is owned by Czech investor EPH and private equity group PPF Investments.

The 7 GW, roughly matching the company's current fossil fuel capacity, would comprise around one third solar projects - with modules being sourced in Asia but with a view to perhaps also setting up a local factory - and two thirds wind.

[Vera Eckert]

More: Germany's Leag eyes 1,000 MW solar park in renewables expansion

 

Join our newsletter

Keep up to date with all the latest from IEEFA