O&L invests in German solar plant

The Ohlthaver & List (O&L) Group has geared up to invest in Germany’s largest floating solar park as part of its efforts to enter the green energy space.

The investment was made through O&L subsidiary, O&L Nexentury, its renewable energy arm.

Highlighting the investment, O&L Group executive director Sven Thieme described the development a significant milestone.

“This is a remarkable milestone in our collective journey. With immense pride, we join hands with our partners and co-investors, O&L Europe SE and Phillip & Co. KG, to celebrate the groundbreaking of what will soon stand as Germany's grandest floating solar park,” Thieme said.

O&L Europe spokesperson Sabrina Steinhauser said the project was in line with the company’s obligation to contribute to responsible development.

“Our mission resonates with the global call for sustainable and ethically responsible development. Through investments in projects like the Philippsee floating PV system, we are actively driving positive change, promoting ecologically meaningful initiatives, and contributing to societal development,” Steinhauser said.

“This investment is a clear demonstration of our ongoing dedication to sustainable development and our unwavering commitment to making a positive impact on the world around us. We are genuinely excited about the opportunities this project brings and eagerly anticipate the chance to further our mission of creating a more sustainable future for all. Our partnership with Philipp & Co. KG and O&L Nexentury GmbH, the renewable energy arm of O&L, exemplifies a model of collaborative success,” she said.

The Philippsee project will be Germany's largest floating PV system.