Pure New Energy, a German renewable energy developer, plans to expand to 8GW of solar photovoltaic pipelines in the next five years. As part of its Scale Up 2.0 plan, the company aims to achieve 20GW of renewable energy projects by 2027.

The company also outlined plans to expand its power generation portfolio, which will operate on its own after development. It plans to generate 1.5GW of its own electricity from solar energy projects in Germany, France, Poland, Spain and Italy by 2027. PNE said that it would invest about 1.6 billion euros in its portfolio by 2027.

Marcus Lesser, CEO of Papua New Guinea, said that the company is getting closer to our vision of achieving 100% energy supply through renewable energy. Complementary business units will stabilize the revenue of PNE Group, create synergies, and thus provide high growth potential.

As part of the expansion, PNE will also expand its services to existing renewable energy projects to manage a total of 3.5GW of photovoltaic and wind power projects. It said it would focus on power trading, optimization projects, life cycle management and engineering services. The company has also designated other renewable energy technology extensions, including hybrid electrolyzer projects and battery storage systems. Keywords: overseas news, engineering news

Germany is rated as the third most attractive renewable energy market in the world. RWE, a German developer, announced a plan to share profits from renewable energy installed capacity with local authorities to encourage renewable energy absorption in the country.