SolarWorld sells off large-scale solar projects in U.S.A. and Germany

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SolarWorld successfully sells large-scale solar projects with overall capacity of 46 megawatts

SolarWorld AG has constructed and recently sold, three large-scale solar projects at locations in Germany and the United States, which together comprised a total capacity of 46 megawatts — enough energy to cover the needs of about 40,000 people. The projects exclusively feature quality solar modules made by SolarWorld in Germany and in the United States.

“Realizing these installations, we were able to bring in decades of international project experience. The projects were acquired by experienced investors and project managers, which shows that SolarWorld “Made in Germany“ and “Made in America“ high-quality products pay off economically.” — Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG

The German project is located on the Pütnitz Peninsula, Mecklenburg-Western Pomerania, and has a nominal capacity of 21.3 megawatts. Solarparc AG, subsidiary of SolarWorld AG is responsible for the development and project planning of large-scale power plants, realized and monitored the complete project from development to financing and final sale. The project has been acquired by White Owl Group, (a unit of White Owl Capital AG) which is an institutional investor headquartered in Berlin, Germany. Solarparc will continue to be responsible for its long-term technical management.

SolarWorld Americas, a U.S. subsidiary of SolarWorld AG, also sold two power plants in Twentynine Palms, California, with an overall nominal capacity of 25 megawatts to the U.S. electric power holding company Duke Energy Renewables. Here, too, Solarparc AG was responsible for all steps of the project, directing engineering, procurement, logistics, permitting and construction. The twin projects will be fully completed and commissioned in the second quarter of 2013.

 

An overview of the projects

Germany

Project Location: Ribnitz-Damgarten, Pütnitz Peninsula, Mecklenburg-Western Pomerania

Nominal module capacity: 21.3 MWp

Modules used: 87,998 SolarWorld Sunmodule Plus 230 – 245 Wp polysilicon

Rack system: SolarWorld-Sunfix freefield, fixed

Particulars: As part of the project, planning, extensive compensatory measures for environmental protection were budgeted. For instance, a biotope for cranes and a corridor for sand lizards were built. Furthermore, extensive measures such as reforestation and hedge planting were implemented.

 

United States

Project Location: Twentynine Palms, California

Nominal module capacity: 25 MWp

Modules used: 100,000 SolarWorld Sunmodule Plus

Rack system: SolarWorld Suntrac, single-axis trackers

  

About Solarparc Aktiengesellschaft:

The Solarparc Aktiengesellschaft plans, builds and sells renewable energy power plants. As part of its business unit Renewable Power Production, the Solarparc group holds its own wind and solar power plants. It also offers the technical management of solar power plants as a service to investors. With a total volume of 220 MW under technical management, the Solarparc group is one of Germany’s largest technical managers for renewable energy power plants. The group has a longstanding know-how developing and selling renewable energies power plants to private and institutional investors. The Solarparc group is a wholly-owned subsidiary of the SolarWorld group.

 

About SolarWorld AG:

SolarWorld AG manufactures solar power systems and in doing so contributes to a cleaner energy supply worldwide. The company, located in Bonn, Germany, employs approximately 2,600 people and carries out production in Freiberg, Germany, and Hillsboro, USA. From raw material silicon to the solar module, SolarWorld manages all stages of production âÇÆ including its own research and development. Through an international distribution network, SolarWorld supplies customers all over the world with solar modules and complete systems. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld has been publically traded on the stock market since 1999. More information is available at: solarworld.de/en

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