Enviria and Galileo establish joint venture

With the joint venture, they want to drive forward the expansion of solar energy in Germany. To this end, they want to develop ground-mounted solar power plants throughout Germany.

The development and investment platform Galileo is founding a joint venture with the German solar start-up Enviria called Galileo Enviria Solar GmbH. With the joint venture, both are pursuing the goal of driving the expansion of solar energy in Germany through their own ground-mounted solar power plants. The goal is to build a whole series of solar power plants in the multi-gigawatt range within the next five years.

The market for this appears to be there, as the federal government's development goals require each country to expand solar capacity to an average of about 20 gigawatts. The new joint venture says it now has 25 employees working to add about 1,000 megawatts of solar power projects to its pipeline each year.

Galileo, a pan-European and cross-technology development and investment platform, was established in 2020 and aims to contribute to Europe's energy transition. Galileo operates a pipeline of about six gigawatts of renewable energy capacity in seven countries. Enviria, on the other hand, was founded in 2017 and says it has developed more than 100 projects with an installed capacity of over 50 megawatts to date.