Bayreuth (pta/07.11.2022/08:30) -
7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announces today that the Group has expanded its portfolio by 14 MWp through the commissioning of multiple new installations across its two markets.
In Germany, the Group confirmed the acquisition of a 10 MWp Project in Wölbattendorf in the region of Hof (Northern Bavaria). The project, installed by IBC Solar, enjoys a tender tariff of EUR 48/ MWh but will be remunerated according to the usual market price mechanism. The plant is equipped with panels from URE Solar, and inverters from Sungrow and has just been connected to the grid. Management estimates specific yield of at least 1.025 kWh/kWp under normal weather conditions.
7C Solarparken also remains very active in Belgium where they have finalised construction of the pipeline as was outlined in the H1 results presentation (announced 22 September 2022).
These three rooftop projects benefit from an on-site Power Purchase Agreement (PPA) and are expected to be connected to the grid between March and June 2023 reflecting long lead times for electrical infrastructure currently experienced.
The company is also constructing two additional new hereto unannounced installations. Firstly, a 0.6 MWp rooftop project in Poppel including an on-site PPA with the resident chicken farm. This project uses Trina Panels. Secondly, a 0.8 MWp installation in the Walloon Region where Longi panels are used.
Steven De Proost, CEO of 7C Solarparken, comments: "In Belgium, high end-user prices for electricity have led to an acceleration of our development business. We offer solutions through the installation of projects and selling electricity through a direct PPA to the on-site client, who therefore avoid paying transmission and distribution costs. Over the last few weeks, we have signed further development agreements for many new potential projects of this nature. In Germany, we are about to start construction of a 10 MWp project in Burgwindheim. This was also part of the announced pipeline in H1'22 and will be constructed by INTEC Energy Solutions. We remain on track to deliver our 400 MWp target."
7C Solarparken AG
An der Feuerwache 15
|Contact Person:||Koen Boriau|
|Phone:||+49 921 230557-77|
|Stock Exchange(s):||Regulated Market in Frankfurt, Free Market in Berlin, Free Market in Dusseldorf, Free Market in Hamburg, Free Market in Munich, Free Market in Stuttgart, Open Market in Tradegate|
|Other Stock Exchanges:||London|