CropEnergies and East Energy plan solar hydrogen projects in northeast Germany
Post date: 08/09/2022 - 17:59
CropEnergies, Europe’s largest producer of ethanol from biomass, wants to work with the Rostock, northern Germany-based solar project developer East Energy to build »subsidy-free« ground-mounted solar power plants in northeastern Germany (i.e. not financed through the country’s Renewable Energy Law), and use the electricity yield to produce hydrogen, fuels and heat. To this end, CropEnergies has acquired 25 percent of East Energy’s share capital on unspecified terms. East Energy intends to build solar power plants under the »Sun2Grid« brand and operate the utilization of the electricity yield under the »Sun2Gas« brand. The aim is to achieve a total project volume of one gigawatt by 2024.
For CropEnergies, part of the world’s largest sugar producer Südzucker AG and active in food and animal feed in addition to ethanol production, the investment is a further step in »the company’s strategic realignment«. For East Energy’s managing director Dirk Petschick, his company has found a partner with »the necessary long-term expertise in the construction and operation of large industrial plants« and also »the financial strength to help realize our ambitious investment projects«.