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Please upgrade your browser or activate Google Chrome Frame to improve your experience the asset manager of Munich Re and Ergo Group has acquired all shares in the ready-to-build storage project in the German state of North Rhine-Westphalia SMA Altenso is to provide the full EPC and O&M services for the battery park which is scheduled to go online in the second half of 2025 From pv magazine Germany MEAG Munich Ergo Assetmanagement GmbH has agreed with SMA Altenso GmbH to acquire all shares in the Metelen Battery Park in the state of North Rhine-Westphalia The 92.5 MW and 231 MWh battery energy storage project (BESS) is ready to begin construction has been closely monitoring the German battery storage market for more than a year and has now invested in this area for the first time The company currently manages around €345 billion of which €61 billion are for private and other institutional investors founded 10 years ago as a wholly owned subsidiary of SMA Solar Technology AG has since then implemented around 1.5 GW of battery storage projects and 1 GW of hydrogen projects (Altenso stands for “Alternative Energy Solutions.”) SMA Altenso is to remain associated with the large storage facility in Metelen as a general contractor and O&M provider The project is expected to go online in the second half of 2025 As a blog post by parent company SMA indicates Altenso had “acquired a plot of land in advance secured a grid connection point and obtained all the necessary building permits from the local authorities” for this large battery storage facility which arose from its own project development activities to a strategic investor is an important milestone Altenso plans to significantly expand its activities in terms of project development and execution in the near future “We trust our partnership will be beneficial for all parties involved and we strongly believe that project Metelen will mark a cornerstone in the German BESS market,” said Alessandro Materozzi expects “attractive returns for our investors in this promising business segment.” More articles from Petra Hannen Please be mindful of our community standards and website in this browser for the next time I comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so You may revoke this consent at any time with effect for the future in which case your personal data will be deleted immediately your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled Further information on data privacy can be found in our Data Protection Policy Δdocument.getElementById( "ak_js_2" ).setAttribute( "value" This website uses cookies to anonymously count visitor numbers. View our privacy policy. × The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this Close Greece-based resources and renewables company Mytilineos is looking to sell its Australian renewable energy generation and storage assets including six operational solar farms totalling 284 MW Greek industrial conglomerate Metelen Energy and Metals has commenced the auction of its Australian renewable energy portfolio that comprises eight solar farms in operation or under construction and a 2.9 GW development pipeline including battery energy storage and hydrogen projects Metlen has reportedly appointed financial services group Macquarie to oversee the sale of its Australian renewables portfolio that incudes projects in New South Wales (NSW) The portfolio includes six operational solar farms: the 75 MW Wyalong solar farm in New South Wales (NSW); the 19 MW Wagga Corowa and Junee solar farms in the state’s south; and the 100 MW Moura solar farm in Queensland Also in Queensland is the 40 MW Kingaroy solar farm that is now undergoing commissioning, and the 120 MW Munna Creek solar farm that is being constructed and is expected to be completed by late 2024 The company has said that most of the projects are supported by long-term offtake agreements, including deals with Queensland government-owned generator CS Energy, supermarket major Coles, and Australian communications giant Telstra Development projects in Metlen’s 2.8 GW pipeline include the Mavis solar and battery energy storage project being progressed in NSW’s Central-West Orana Renewable Energy Zone That is to comprise a 250 MW solar farm and a 100 MW / 200 MWh battery energy storage system with final investment decision targeted in early 2025 In a flier circulated to prospective buyers Metlen said that it is also open to the sale of its hydrogen assets and its New Zealand solar development projects Metlen owns a 15% stake in the Clara Energy’s Rosedale green hydrogen project which aims to deliver an 800 MW solar farm next to a 560 MW hydrogen production plant sited midway between Melbourne and Sydney According to the flier shared with prospective buyers the sale will be conducted in two stages with non-binding offers expected within weeks Shortlisted bidders will then be invited to submit binding offers More articles from David Carroll Please be mindful of our community standards By subscribing to our newsletter you’ll be eligible for a 10% discount on magazine subscriptions pv magazine Australia offers bi-weekly updates of the latest photovoltaics news We also offer comprehensive global coverage of the most important solar markets worldwide up to date information delivered straight to your inbox Δdocument.getElementById( "ak_js_3" ).setAttribute( "value" This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy. × Surface tech veteran to head up global wheelblast business has strengthened its global leadership team with the recent appointment of Magdalene Höltke (Magda) as Senior Vice President Global Wheel with his more than 30 years of service at Wheelabrator will continue with the company but will focus on sales and business development putting his extensive knowledge and experience to the service of Wheelabrator’s global customer base and has spent most of her career working across surface technology and automotive coatings She joins Wheelabrator from PETER/LACKE Group where she was Technology Director with European responsibility Based at the global wheelblast technology center in Metelen Magda will oversee the entire global wheelblast business from innovation strategy and technology development to sales and business growth comments: “Magda is joining Wheelabrator at a crucial time in its over a 100-year history Wheelblasting plays a key role in the making of so many things from cast iron cookware to crucial components for infrastructure and automotive new demands on the blast process have emerged: increasing automation “There are completely new products to treat too: 3D-printed parts All that means we need to put innovation at the heart of our wheelblast offering in new I’m delighted she’s accepted the challenge.” Magda adds: “Shot blasting takes me even closer to the surface than my previous roles It’s an endlessly fascinating process for which Wheelabrator has incredibly strong technology It’s my ambition to take this technology to a completely new level “Never before have we had so many tools at our disposal to continuously improve performance new materials – they all help design better wheels and transform what wheelblasting can deliver as a high-tech And we’re feeding the latest innovations into our customers’ processes on ever faster cycles improved wear parts or upgrades and retrofits Magda’s appointment is part of a series of strategic investments in Wheelabrator’s Global Wheel technology center A bigger test center with 16 machines was established in a brand-new building in Metelen in 2022 and materials scientist Christian Timmer joined the team in January 2024 to head up Wheelabrator’s expanded global testing and lab capabilities I would like to receive the bi-weekly Foundry-Planet newsletter with all latest news Plus the special newsletters – all can be cancelled anytime and at no cost This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.