• By .(JavaScript must be enabled to view this email address) - 09 January 2013, 16:09
  • In News, Power Generation, Finance, Project Focus

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.

We Recommend

Latest in News

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 19th Edition

    For manufacturers who had their heads in the bunker during 2012, fighting falling ASPs and eroding margins, the nineteenth edition brings you details of what lies in store for this coming year. Wright Williams & Kelly return in this issue with their popular analysis of payback on technology buys; crucially they analyze n-type wafers, Al2O3 passivation and copper metallization. SERIS shows us how to achieve 18.7% efficiencies using low-cost etching techniques on diffused wafers. We also have two important technology roundups: CIGS from Helmholtz Berlin, and PV module encapsulation techniques from Fraunhofer ISE.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Latest in TV & Video

Partners

Acknowledgements

Solar Media