PNE – which also owns a majority stake in fellow German developer WKN – said it had “observed with interest” the successful capital-raising of new IPP entities over recent months.

CEO Martin Billhardt told investors an IPP venture could become “a new pillar” for the group.

“With our majority shareholding in WKN, the business volume of the group has now reached the size and scope required to consider entering into such a business,” Billhardt said.

“We