On 15.06.2023, ToRa was able to achieve the 3rd start in the regular development plan procedure with a further decision to set up.
This means that in 2023 a total of 313 MWp have entered the regular approval process. In total, ToRa now supports 438 MWp in the approval process.
The Swiss energy supplier EBL (Genossenschaft Elektra Baselland) is resolutely pushing ahead with the energy turnaround and is further expanding its cooperation with the project developer ToRa GmbH to realize photovoltaic projects with a capacity of up to 636 MW.
EBL and ToRa are further expanding their cooperation and plan to implement photovoltaic projects in Germany with a capacity of 636 megawatts. The projects are all scheduled to be ready for construction by the end of 2026. ToRa will be responsible for project development on behalf of EBL, from site search and securing to construction and commissioning.
Financing will be secured by EBL. As soon as the projects are ready for construction, they will be transferred to the new investment vehicle “EBL X Invest”. “EBL X Invest” enables long-term oriented investors to invest together with EBL in a broad portfolio of renewable energies in Switzerland and selected European countries. EBL X Invest” is aimed exclusively at qualified investors. By entering into project development at an early stage, EBL is already securing projects for its investors, thus creating a secure investment opportunity with attractive returns. In the course of the launch of the fund, additional professional investors can participate in “EBL X Invest”.
“Through this cooperation, we can already convince our investors with good returns and foreseeable investment opportunities,” says Tobias Andrist, CEO of EBL. “We look forward to working with ToRa to advance the development of these projects and make an important contribution to the promotion of renewable energy.” Tomke Heinen, co-founder and CEO of ToRa, emphasizes “Solid projects need a strong foundation. The cooperation with EBL guarantees us the greatest possible security and a smooth collaboration.”
At the end of 2022, ToRa Lausitz GmbH was founded to ensure proximity to our current and future projects. As of May 1, 2023, Rene Marko is employed as branch manager of ToRa Lausitz GmbH. Further staff appointments are planned.
In April, the land for the first solar project in Spain was secured. The first lease contract for 14ha was signed in Mallorca. The application will be submitted shortly.
ToRa starts the first German-Swiss renewable energy plant with the Swiss utility EBL – for cross-border energy production and feed-in.
area and currently 1,380 WMp output – that is green energy with ToRa.
Our balance from 20 years of renewable energy in Germany.
The refinancing of 34 planned solar projects with over 1 GWp of installed capacity.
