Meriaura Energy Ltd. has signed a contract with Stadtwerke Lubeck Energie GmbH for the turn-key delivery of a solar thermal plant in Lubeck, Germany. The contract, valued at almost EUR 5 million, involves the construction of a solar thermal field of approximately 12,000 m2 in area and a thermal storage supplying heat to the district heating network. In accordance with the agreement, the execution of the project will start immediately, but the construction work of the facility in Germany can only start after the customer receives a building permit.

The solar thermal plant is scheduled to be completed at the beginning of 2025.