Signal Iduna and its financial subsidiary HANSAINVEST Real Assets acquired the 650 MW Witznitz solar project in Lake Hainer near Leipzig, Germany. The project is subject to planning approval. Moveon Energy is developing the project and plans to install more than 1.1 million solar modules. Construction works are expected to be completed by Q2 2023. Moveon Energy will take over the operational management of the project and operate 45 MW of it in its portfolio. The energy produced will be available to industrial and large customers without state subsidies utilizing long-term power purchase agreements.