7C Solarparken AG

06/22/2020 | Press release | Distributed by Public on 06/22/2020 01:06

22.06.2020 7C Solarparken AG: 7C Solarparken AG has commissioned its first floating PV installation

Bayreuth (pta007/22.06.2020/07:50) - Bayreuth, 22.06.2020 - 7C Solarparken AG (WKN: A11QW6 / ISIN: DE000A11QW68) invests for the first time in a floating PV installation. The park nearby Salzwedel has a capacity of 729 kWp and is equipped with Longi panels and Huawei inverters. Solar WO Engineering, as long-term EPC contractor to the company, has erected the project and opted for the mounting structure of Ciel & Terre, a clear market leader with almost 200 floating installations. The PV installation is "swimming" in a lake that is used by the local environmental utility as a large water storage reservoir. Buoys keep the installation on the water surface. Due to above-normal cooling conditions, the park should generate a relatively high Performance Ratio (>85%) so that management assumes production in excess of 729 MWh, sufficient to supply an equivalent of 200 households. A fixed feed-in tariff of EUR 68/MWh will apply. The group's IPP portfolio is raised to 210 MWp versus 190 MWp at year-end 2019.

Steven De Proost, CEO of 7C Solarparken AG comments: "Floating PV is a relatively new technology that has the potential to be installed on waste water and drinking water reservoirs, industrial ponds and unused mine lakes. Construction of the plant went very smoothly, and we also believe that the installation will be relatively easy to maintain."

PV Estate further enlarged by 6.8 ha

7C Solarparken also purchased 6.8ha land in an industrial zone in Lüptitz. The land accommodates already an existing PV plant of ca. 6 MWp which is owned by a third-party investor. Annual rental fees of EUR 50T are secured until the end of the feed-in lifetime (2032). Through this additional investment, the company now owns a PV Estate portfolio of 140 ha.