Tiger Electronics to add 100-megawatt solar-energy grid, 1 gigawatt wind project

Tiger Electronics announced plans on Tuesday to add a 100- megawatt grid of solar panels to its grid in southern Germany.

The project will be built in a small village on the German-French border, according to a news release from the company.

Tiger says it expects the project to create at least 500 jobs and would generate revenue of up to 1.5 billion euros ($1.8 billion) over a five-year period.

The company’s CEO Dieter Lutz said the project was a strategic move to expand the company’s portfolio of clean energy and to reduce carbon emissions, which have been a focus of German Chancellor Angela Merkel’s government.

Tigres company had been working with Germany’s largest utility E.ON to install panels on its grid, and the German government has said it has been in discussions with Tiger to provide an additional power source.

Tigers grid is currently being run by an E.on subsidiary called Energy-Europe.

Energy-Europe is the main European energy supplier for the German grid.

Tiger is the world’s largest solar panel installer and has installed over 3,000 solar panels in Germany and other countries.