Novar has acquired a 100 MWp solar portfolio in Untermünkheim, Baden-Württemberg, originally developed by Stromernte GmbH. The deal includes three sites and potential co-location of a 160 MWh battery energy storage system (BESS). Novar will retain 100% ownership while Stromernte continues as a development partner under a services agreement.

The key shift: buyers in Germany are prioritising solar projects with embedded storage optionality to hedge negative pricing risk under the EEG regime. Standalone solar is losing attractiveness without flexibility.

Germany’s evolving policy framework is driving this behaviour. The EEG amendment removes tariff payments during negative-price hours, directly impacting solar revenues and pushing developers toward hybrid configurations.

This is reflected in deal structuring. Novar is not just acquiring capacity—it is securing high-yield solar assets with future storage integration, aligning with investor preference for revenue optimisation rather than pure generation scale. Similar trends were observed in Germany BESS-driven M&A expansion and Italy hybrid solar transactions earlier this year.

From a commercial lens, hybrid-ready assets command stronger valuations. In Germany, RtB solar projects with storage integration achieve premium pricing due to improved revenue stability and grid flexibility.

This deal signals where the market is heading:Solar M&A is no longer about MW it’s about dispatchability and revenue control.

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