Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

BayWa re building first subsidy free solar park in Germany

Power News - Published on Tue, 14 May 2019

Image Source: baywa-re.com
BayWa r.e is building Germany’s first subsidy-free solar park, proving that solar energy can now compete against conventional energy sources in Germany without any financial subsidies. The project Barth V, some 30 kilometres east of Stralsund, has a total capacity of 8.8 MW and construction will start at the beginning of June.

The electricity generated is to be supplied to an industrial partner via a long-term Power Purchase Agreement. Negotiations are currently underway with various interested parties. The in-house energy trading subsidiary BayWa r.e. Clean Energy Sourcing GmbH will be responsible for marketing the electricity.

The project benefits from previous projects at the same site. For example, cable routes and network connections were planned at an early stage. The optimised planning and system design by BayWa r.e., as well as the close collaboration with the land owner and the local communities, have also made the realization of the project possible.

The project will be financed through long-term, non-recourse financing by an experienced German bank.

Source :

Posted By : Rabi Wangkhem on Tue, 14 May 2019
Related News from Power segment