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Partnership with Raiffeisen Waren-Zentrale Rhein-Main to develop projects in the country Axpo and Raiffeisen Waren-Zentrale Rhein-Main (RWZ) have entered into a partnership for the development of solar parks in Germany. A service framework sets out the cooperation: RWZ will handle landowner outreach and the associated contract negotiations, while Axpo will be responsible for the development, construction, and operation of the solar installations. Additionally, RWZ plans to participate as a regional anchor shareholder in the emerging projects. The expansion of renewable energy is a central pillar of Axpo’s strategy, with Germany playing a key role as an important solar market, the company said. Tim Papenfort, head of corporate development at RWZ, said: As an established international project developer and electricity trader, Axpo brings valuable expertise, particularly in the construction of new facilities and the marketing of green power. As state subsidies through the Renewable Energy Sources Act (EEG) have decreased in recent years, we need a partner who has a strong market focus and can leverage alternative ways to market solar energy. Martin Mitscher, managing director of Axpos solar activities in Germany, added: RWZ, as one of Germany’s leading agricultural traders, is exceptionally well connected in rural areas, complementing our expertise in the development, construction, and marketing of solar parks. Through its participation in these projects, RWZ also builds trust with landowners and local stakeholders. The collaboration with RWZ marks another important step for Axpo implementing its strategy to expand renewable energy across Europe, with Germany playing a central role. |
