3U Holding to build first PV power plant in Lower Saxony, Germany

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New entrant to the PV project business, 3U Holding said it will build its first PV power plant in Adelebsen, Lower Saxony. Unlike typical projects, 3U Holding will use acquired derelict industrial area of approximately 26 hectares with buildings that will house rooftop arrays of mainly Canadian Solar modules as well as a ground-mounted array as a second phase development. The Rooftop part of the project is expected to be completed before the end of 2011. The total investment is expected to be in the range of €25 million.

“The solar park Adelebsen is a flagship project for our Group and a clear demonstration of our capabilities in this area. At the same time this should be the starting point for further high-quality parks,” commented Michael Schmidt, CEO and founder of 3U Holding AG.

The company said that the project was being implemented in close coordination with local authorities.

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