Premier Power Renewable Energy has entered a join venture with Plaan Czech to develop 19MW of solar PV projects throughout the Czech Republic. The first 3MW, which include the 2MW Jarsov and 1MW Verovice projects, will begin construction immediately for completion by July.
The companies will act as codeveloper and engineering, procurement, and construction (EPC) partners on all projects under the JV agreement.
Dean Marks, CEO of Premier Power, said, “With among the most generous feed-in tariffs in the world, the Czech Republic is quickly becoming one of the hottest solar markets in the world today. We believe we are perfectly positioned to capitalize on its growth as a result of Premier Power’s proven capabilities on the European continent, and our joint development agreement with Plaan Czech.”
“Our expansion into the Czech Republic fits with our strategy to establish a strong presence in those European markets where their governments have recognized and are promoting alternative energy, and in particular solar power,” he continued.
“The Czech Republic’s feed-in tariff is currently €0.48/KWh, making it a higher feed-in tariff than in most other European markets and the contracts with the Utilities are for 20 years,” said Alexis Issaharoff, vice president of business development at Premier Power.
“While their feed-in tariff for 2011 is expected to decrease approximately 5%, the Czech Republic will continue to be one of the most promising markets in the world for 2011.”
The 19MW of projects are being completed for local investors.
