Germany to Get Europe’s Largest Solar Park

June 2022

Ground has been broken south of Leipzig at the site of what will become 650 MW, 500-hectare photovoltaic facility. The solar park is being constructed at a former brown coal opencast mine.

The facility will encompass 1.1 million solar modules and is planned to go online in Q2 2023. Power generated will be sold to industrial and large customers under long-term power purchase agreements (PPAs).

The facility is owned by insurer and financial services group Signal Iduna and is being realized without government subsidies. The company is considering coupling the solar park with electrolyzers for producing green hydrogen.

“Sustainable business is at the core of what we do as a company group and is anchored as a guiding principle in our strategy ,” said Signal Iduna Group CEO Ulrich Leitermann at the groundbreaking ceremony. “We’re happy to address our responsibility for a sustainable future on a large scale with this project. CO2 neutral energy provision and the boost the new solar park will provide to the entire region are exactly the sorts of positive impulses we hope our investment will prompt.”

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