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Econergy announces market entry in Germany with 2 BESS projects and a combined 100 MW of storage capacity

Published in: Solar, Wind, Press Releases

Tel Aviv /Munich – June 11, 2025 – Econergy Renewable Energy (TASE:ECNR) announces its entry into the German market by acquiring two advanced battery energy storage projects with a combined capacity of 100 MW / 200 MWh. This move strengthens the company’s long-term strategy to become a leading IPP across Europe and reflects its increased focus on energy storage as a critical enabler of the energy transition.

The newly acquired projects in Brandenburg, Germany, will be fully owned by Econergy and are expected to begin construction by the end of 2025, with commercial operation scheduled for Q1 2027. The total investment is estimated at €73 million, with expected annual revenues of approximately €13.7 million and an average EBITDA of €11.9 million during the first five full years of operation.

This acquisition reinforces Econergy’s growing leadership in energy storage, which the company views as essential for maximizing the value of renewable assets and ensuring grid stability.

“This is an exciting moment for Econergy,” said Eyal Podhorzer, CEO of Econergy. “We’ve been evaluating the German market for quite some time, waiting for the right opportunity. With demand for storage accelerating, we’re proud to enter with two high-quality projects and look forward to establishing a strong local presence by bringing our best practices, execution capabilities, and storage expertise to the market.”

This acquisition strengthens Econergy’s positioning in the storage space, with a growing pipeline of approximately 4 GW, including the operational Swangate project in the UK and 15 PV projects planned as co-located storage sites across Europe.

Econergy continues to evaluate additional opportunities in Germany’s renewables market, which aligns with its strategy to expand in key European markets and to support the shift towards decarbonized, resilient energy systems.

About Econergy

Econergy Group (TASE: ECNR) is a leading European IPP and active developer specializing in solar PV, Wind, and Energy Storage projects across key European markets, including the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding ~14GW, Econergy is at the forefront of driving Europe’s renewable energy transition.

The company’s local teams provide a strategic advantage, ensuring close collaboration with regulatory entities and local communities. Econergy’s solid strategic partnerships are key to securing project funding and further. Additionally, the company generates revenue across the entire value chain by selling electricity, earning development and operation fees, and selling projects at various stages of development, ensuring a diversified and sustainable income stream.

https://www.econergytech.com

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Corporate Contact:

Eliana Horenczyk

Marketing manager, ECONERGY RENEWABLE ENERGY

eliana@econergytech.com