PNE enters Spain with majority investment in solar developer Kolya

July 27 (Renewables Now) — German wind-focused renewable energy company PNE AG (ETR: PNE3) has taken control of Spanish solar developer Coliaenergia Espana SL, or Kolya, increasing its own pipeline by 40% photovoltaic (PV) projects.

PNE has acquired a 51% stake in Kolya from Consultoria Industrial Beaguihe SL and Garisun Renovables SL for an undisclosed price in the range of $1 million which is partly dependent on the successful development of the project.

Kolya’s project pipeline currently totals 1,808 MWp, including approximately 1,004 MWp for its own development and some 804 MWp for third parties. The company has also identified initial areas for the development of wind projects.

“With the entry into the Spanish market, which is characterized by excellent natural conditions for solar and wind energy and the right legal framework for renewable energies, we see multiple opportunities to further develop our business model”, said said Markus Lesser, chairman of the board. management of CWPs.

The German company noted that during the second quarter of 2022, it managed to expand its own solar pipeline to 2,408 MWp at the end of June, compared to 1,423 MWp at the end of March 2022. The investment in Kolya further increases its photovoltaic pipeline to a total of 4,216 MWp.

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