Energy tech company Flower has signed a share purchase agreement with Chint Solar Europe, a developer of renewable energy projects, to acquire seven ready-to-build battery energy storage system (BESS) projects across Germany. The projects have a combined capacity of 112 MW / 332.5 MWh with individual project sizes ranging from 6 to 48 MW.
Under the agreement, Flower will own, finance, operate and commercialize the assets, while Chint Solar will deliver the projects under an EPC agreement, providing a turnkey solution, as well as long-term operations and maintenance services. All projects have secured grid connection and the required permits, with commissioning targeted for 2027.
"We are very pleased to have finalized this acquisition agreement with Chint Solar. With commissioning scheduled to begin as early as the first quarter of 2027, some of these projects will become Flower's first operational assets in Germany, says John Diklev, founder and CEO of Flower.
He adds:
"Germany is one of Europe's most important flexibility markets. These projects significantly strengthen our position and allow us to bring more storage online quickly, supporting a more resilient and affordable electricity system."
The acquired projects, developed by Chint Solar, are located across seven municipalities in five German states and have storage durations of three to four hours.
"This transaction demonstrates our ability to develop complex battery storage projects to ready-to-build status. By combining mature project development with EPC delivery, we reduce execution risks for investors and accelerate the deployment of battery storage infrastructure. We are pleased to partner with Flower to bring these projects into operation," says Bernd Kipping, Vice President Innovation, Finance and Procurement, Chint Solar Europe.
As a next step, Flower will commercialize the storage assets in the German market, helping to stabilize the grid while supporting the continued build-out of renewable energy.
Flower's momentum in Germany
Since becoming an approved Balance Responsible Party (BRP) in Germany in 2025, Flower has established a rapidly growing presence in the country. The company recently acquired a 63 MW / 257 MWh BESS project in Döllnitz, Saxony-Anhalt, and advanced two internally developed projects to ready-to-build status in Hamburg (100 MW / 400 MWh) and Saarland (10 MW / 20 MWh).
Flower has also signed a tolling agreement, structured as a virtual Flexibility Purchase Agreement (FPA), with global energy group ENGIE for 126 MW of BESS capacity. The agreement supports the financing, deployment and commercialization of several of Flower's projects in Germany.
With the acquisition of the Chint Solar portfolio, Flower's publicly announced German development portfolio expands to approximately 300 MW. Across Europe, the company's pipeline represents a substantial multi-GWh portfolio.
The acquisition has been realized through a new SPV, owned by the Flower parent company. The transaction has been supported by legal advisor DLA Piper.
