Belectric completes largest thin-film plant in Europe

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With the completion of Europe’s largest thin-film ground-mounted solar power plant in Alt Daber, Germany, Belectric is celebrating its second year in a row of having installed more PV power around the world than any other company in the industry. The plant itself is claimed to have an output of almost 70MW and is worth €100 million. The project financing was operated in cooperation with the Bavarian State Bank. The CFB 179 Fund, prize winner of the Scope Awards 2011, has owned nine power plants from Belectric with an output of almost 122MW.

The PV manufacturer claims it constructed 62 solar power plants this year, in addition to a multiplicity of large-scale roof-mounted PV systems, PV greenhouse systems and PV car parks systems with a total output of 391MW.

Belectric boasts 2,000 employees in 15 countries and claims its success is down to a combination of in-house manufacturing of BOS to reduce costs and flexible working procedures allowing the company to construct all ground-mounted plants within the specified time frame.

Martin Zembsch, CEO of Belectric, said, “Thanks to its reliability and quality, Belectric has enjoyed a cooperative partnership with all its investors, banks and land owners for many years.” The company has an equity ratio of 60% and a high credit limit, with an index of 122 as set by Creditreform.

Managing director, Bernhard Beck is hopeful for the new year: “We are confident that new technologies such as the integrated grid stability of the 2.0 MegaWattBlock and energy storage solutions will help to reduce the costs of the energy turnaround, make it more effective and render part of the grid extension obsolete. Germany and its companies must assume the role of trendsetters for the worldwide transformation of energy production.”

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