GEG Ökostrom Sells 11.8 MWp Stans Solar Park in Tyrol, Austria to Wien Energie
GEG Ökostrom has sold the 11.8 MWp Stans solar PV park in Tyrol, Austria to Wien Energie GmbH. Commissioned in 2023 and generating approximately 12.8 GWh annually, the transaction also includes rights to construct and operate 12 MWh of behind-the-meter BESS. CORIOLIS Green Investment Solutions acted as exclusive financial sell-side advisor.
Transaction date: · Source: linkedin.com
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 12 MW
- Transaction price
- Not disclosed
- Buyer
- Wien Energie GmbH
- Seller
- GEG Ökostrom
- Country
- Austria
- Region
- Tyrol
- Location
- Stans, Tyrol, Austria
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
11.8 MWp solar PV park commissioned in 2023, generating approximately 12.8 GWh of clean electricity annually. Transaction also includes the rights to construct and operate 12 MWh of behind-the-meter battery energy storage system (BESS), enhancing the asset's flexibility and value.
Additional information
GEG Ökostrom divested the plant due to increasingly challenging electricity market conditions, including periods of negative electricity prices and rising balancing energy costs. CORIOLIS Green Investment Solutions acted as exclusive financial sell-side advisor to GEG Ökostrom. The acquisition supports Wien Energie GmbH's strategy to expand its renewable energy portfolio in Austria. Source is a LinkedIn company post by CORIOLIS.
Source
Original announcement: https://www.linkedin.com/company/coriolis-green-investment-solutions-gmbh/posts/?feedView=all