On the 9th September 2019, 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announced it had entered into an agreement with MaxSolar GmbH to acquire a 750 kWp installation in Gumtow (Brandenburg) with the option to extend the project with a further 4.5 MWp during H1'20. Today, 7C Solarparken announces the completion of this 4.5 MWp new-build project enjoying an auction tariff of EUR 63.6/MWh for 20 years. The solar installation is equipped with Longi Solar panels and ABB inverters. Due the higher efficiency of these panels, a second extension project of 750 kWp with Suntech modules and Delta inverters, could be realised as well. Finally 7C Solarparken purchased a small portion of the land (1.9 ha).
Steven De Proost, CEO of 7C Solarparken AG, comments: "The completion of the Gumtow projects has, amid the outbreak of CoVid-19, taken longer than scheduled mainly due to time delays in the permitting and grid connection process, but in the end the project reached a size of 6 MWp, which is 750 kWp more than initially planned. This lifts the IPP portfolio of 7C Solarparken to 215 MWp, which is close to our year-end target of 220 MWp. Further growth beyond this mark will, as highlighted in our strategic plan, require new proceeds from equity funding."
7C Solarparken is a pure-play PV owner/operator with an IPP portfolio of 215 MWp, including 6 MW onshore wind. Including, its asset management activities, the group`s managed portfolio stands at 292 MWp. Nearly all installations are located in Germany. The company's shares are listed on the regulated market in Frankfurt in the General Standard segment.
7C Solarparken AG published this content on 04 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2020 08:14:05 UTC