• Print

German investment company acquires 50MW solar farm

  • The 38 hectare solar farm has been estimated to generate about 47 million kilowatt hours of electricity annually for 13,500 households.
    The 38 hectare solar farm has been estimated to generate about 47 million kilowatt hours of electricity annually for 13,500 households.

Hamburg investment firm Conetwork Erneuerbare Energien (CEE ) has acquired a 50MW solar farm installed in Ahlhorn, northern Germany from an unnamed company.

The 38 hectare solar farm was developed by Johann Bunte Construction and has 218,000 modules from Canadian Solar and SunEarth/SiG Solar. Voltwerk electronics, a subsidiary of the Bosch Group and Power-One, supplied inverters.

The Alhorn park has been estimated to generate about 47 million kilowatt hours of electricity annually for 13,500 households.

Detlef Schreiber Managing Director at CEE said: "The year 2012 in the PV sector was extremely successful for CEE. Our company has orders for solar projects for just under 110MW, and has now acquired a PV portfolio worth 174MW. The company also seeks continue working on projects in Germany and looking for investment opportunities in other European countries.”

CEE did not provide any information about the financial terms of the transaction.

Publications

  • Photovoltaics International 27th Edition

    Now that the PV industry has unquestionably entered a new growth phase, all eyes are on which technologies will win through into the mainstream of PV manufacturing. PERC, n-type, p-type bifacial, heterojunction – all have become familiar terms in the ever-growing constellation of solar cell technologies. The question is which will offer manufacturers what they are looking for in improving efficiencies and cutting costs.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media

Newsletter

Subscribe
We won't share your details - promise!