Orrön Energy, a renewable energy company, entered into an agreement with Saxovent Renewables, a renewable energy project developer, to sell a 76 MW solar project in Germany. The project, being developed as an agrivoltaic project, is located in the northeastern part of Germany.
The transaction is valued at up to €4 million (~$4.6 million), including an up-front consideration of €2 million (~$2.3 million). The remaining amount is to be paid upon fulfillment of two conditions: first, upon municipal approval of the zoning plan (Satzungsbeschluss), and second, EU Commission’s approval of the German Solar Package 1 legislation.
This deal is part of the company’s strategy to monetize early-stage projects from its greenfield portfolio to diversify and enhance revenue streams.
Daniel Fitzgerald, CEO for Orrön Energy, commented, “I am very pleased to announce the first sale from our greenfield portfolio in Germany, which demonstrates our ability to unlock value early in the development cycle and marks an important step in delivering on our strategy. Germany remains one of our key markets for greenfield projects, with a strong demand for renewable energy and a supportive regulatory framework. I expect this to be the first in a series of project sales, as we continue to develop and mature our greenfield pipeline and deliver long-term value from this platform.”
Orrön Energy has 2.5 GW of projects at the ready-to-permit stage in the U.K., including 1.4 GW of solar and 500 MW of battery storage capacity, and one solar and battery storage project with 600 MW capacity.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, approximately 19.9 GW of solar projects were acquired in the first half of 2025, compared to 18.5 GW in the first half of 2024.
In July, Cambridge Power, a U.K.-based developer of grid-scale energy storage and renewable energy projects, announced the sale of a 70 MW solar and 100 MW Battery Energy Storage System project near Eaton Socon in Bedfordshire to AGR Renewables, another renewable energy project developer.
