Saxovent Renewables, a developer of solar, wind, and energy storage projects, acquired an 81.8 MWp solar project in Mecklenburg-Vorpommern, Germany, from Milvio Energy, a Hamburg-based renewable energy project developer.
The construction-ready ground-mounted project is located south of Rostock. It has an existing EEG subsidy for 20 MWp and additional potential for integrating a battery energy storage system.
The area of roughly 57.8 hectares on which the solar project is planned is leased from an agricultural enterprise. A portion of the solar power generated from the project in the future is intended to support the farm’s energy concept.
“With this solar park, we are acquiring a carefully prepared and fully permitted large-scale project that significantly strengthens our photovoltaic portfolio. Its potential for battery storage also makes it technically highly attractive. Thanks to the existing EEG subsidy and the marketing of the additional capacity through a PPA, we have planning certainty. And as a company that covers the entire value chain and plans, builds, and operates wind and solar parks, we will bring the project online quickly,” said Thorsten Freise, CEO of Saxovent Renewables.
Milvio brought the project from the early development phase to the point of being ready for construction and was advised on the transaction by Capcora. Saxovent Renewables will now be taking over the final phase up to commissioning.
Previously, in August 2025, Saxovent Renewables signed an agreement with Orrön Energy to acquire an agri-photovoltaic project with a planned capacity of 76 MWp, located in north-eastern Germany.
In the first nine months of 2025, approximately 29 GW of solar projects were acquired compared to 28.3 GW in 9M 2024, according to Mercom’s 9M and Q3 2025 Solar Funding and M&A report.
In December 2025, MOL, an integrated Central-Eastern European oil and gas company headquartered in Hungary, entered into a sale and purchase agreement to acquire Polsolar Kft, holding a portfolio of solar projects with a total capacity of 304 MW in Hungary.
