Zhongli Talesun completes sale of 19.7MW PV plant in Germany

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Zhongli Talesun has completed the sale of a 19.7MW solar power plant in Brandenburg, Germany to investment company LHI Group.

According to a press release from Zhongli Talesun, the Solarpark Neuhardenberg, located in the east of Berlin, covers a 35 hectare former military airfield and was connected to the grid on 30 April.

The transfer of ownership was completed on 28 August as LHI Group, which began in Germany specialising in real estate and now manages investment funds totalling EU26 billion (US$35 billion), made their final payment of to Zhongli Talesun of CN¥129 million (US$21 million).

The German branch of Zhongli Talesun purchased development rights to the project and began construction in September 2012. LHI mandated Landesbank Baden-Wurttemberg (LBBW), one of Germany’s 10 biggest banks, to structure and finance the project.

The 19.7MW capacity plant has an annual output of around 18,630MWh, reducing yearly carbon dioxide emissions by 15,000 tonnes. Expected to last 20 years, Zhongli Talesun’s TP660P modules were used at Solarpark Neuhardenberg. Marking the company’s first large scale project in Germany, Zhongli Talesun has now developed over 150MW of PV outside China.

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