Energiekontor AG, one of Germany’s leading project developers and operators of wind and solar farms, has successfully sold a solar park project with a generation capacity of some 19 MWp to the CEE Group, a Hamburg-based asset manager specializing in investments in renewable energies.
The solar park project is in the municipality of Karstädt in the county of Prignitz in the Federal State of Brandenburg and is expected to generate almost 20 GWh of “green” electricity annually.
This corresponds to the yearly average electricity needs of about 6,000 German households. For roughly one-fourth of the solar park there is a guaranteed renumeration based on the German feed-in-tariff (EEG) for a duration of 20 years. For roughly two-thirds of the solar park a long-term power purchase agreement (PPA) has been secured which has a duration of 15 years. Construction of the solar park has already begun, and commissioning is scheduled for early 2023.
“With the sale of the solar park, we lay a further foundation for the growth of Energiekontor in the 2023 financial year,” says Peter Szabo, CEO of Energiekontor AG, commenting on the transaction. “It is also a nice proof of the successful further diversification of our company into the wind and solar business areas.
The solar sector now accounts for around a quarter of our well-filled and high-quality project pipeline,” Szabo continues.”The purchase of the solar park marks the third transaction with Energiekontor, which we highly value as a reliable project partner,” explains Detlef Schreiber, CEO of the CEE Group. “With the solar park, we are expanding our strategic commitment in the field of renewable energies with another highly attractive project and at the same time making a contribution to the expansion of renewable energies in Germany,” Schreiber continued.
The new solar park in Karstädt will be equipped with solar modules from the manufacturer Trina. The inverters come from the manufacturer Huawei. Taylor Wessing, Krug & Schram, Pexapark and Baker Tilly acted as advisory firms.