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juwi, First solar to build Germany's largest PV park

Posted: 28 Apr 2009 ?? ?Print Version ?Bookmark and Share

Keywords:photovoltaic Germany? PV power station? solar installation?

In spite of current difficult conditions in the financial markets, juwi and First Solar have been given the green light to build a photovoltaic power station on the former military training base of Lieberose to the north of Cottbus (Brandenburg). With an expected output of 53MW and, with an area of 162 hectares, the solar park will be the second-largest PV installation in the world and the largest in Germany.

As the main contractor, juwi Solar GmbH will have responsibility for design, logistics, site management, construction and operation of the plant. juwi will also bring the entire project rights to the project. First Solar will be supplying the PV modulesa total of around 700,000 of the latest thin layer modules, which will have been manufactured in their plant in Frankfurt/Oder. juwi has also built Germany's two largest PV power parks to date using First Solar's thin layer modules: Waldpolenz near Leipzig (Saxony) (40MW) and K�then (Saxony-Anhalt) (15MW).

juwi and First Solar have designed and implemented a comprehensive financing scheme to build the project: the external financing, which makes up around 80 percent of the investment, comes from a consortium of banks comprising five financial institutions, which in turn are refinanced by two development banks. The equity capital will be initially financed by juwi and First Solar via mezzanine loans. The investment in the Lieberose PV power park, which is to be sold to an investor in the coming months, is over 160 million euros ($210 million). "The Lieberose Solar Park underlines the benefits of investment in renewable energy plants: They are incontrovertibly certain and provide calculable returns. Projects with positive omens, such as this, as well as 100 percent secured external financing are much sought-after by financiers," emphasizes Fred Jung, member of the juwi Executive Board.

"First Solar's mission is to enable a world powered by clean, affordable solar electricity. This project alone is expected to displace approximately 35,000 tons of C02 emissions a year. But we are particularly proud of this project because it adds an additional element to 'clean.' Not only will the project produce clean electricity, but it will also result in the removal of hazardous munitions from this project site," said Stephan Hansen, managing director First Solar GmbH.

the exemplary character of the denaturalization scheme.

Towards clean power
The state of Brandenburg is leasing around 300 hectares of land to the plant operator so that the area can be used for the generation of clean solar power for over 20 years. The clearance of the munitions is financed by a one-off payment and the lease over the land. At the end of its use for the generation of solar power, the photovoltaic installation will be dismantled leaving an area of heathlandfree of munitionsto meet the nature conservancy goals of the region and which, with care, can be maintained for many years to come.

The state of Brandenburg is supporting the project. Matthias Platzeck, Minister President of Brandenburg, emphasized that the project is an exemplary environmental project for the conversation of former military land. "Projects like this help us to heal the wounds of the Cold War and, at the same time, to achieve our ambitious targets in terms of renewable energy for the long term," stated Platzeck.

The new solar power station produces approximately 53 million kWh of clean power per year, corresponding approximately to the consumption of around 15,000 householdseffectively a small town. The area is approximately that of more than 210 football pitches. The solar power station will also save around 35,000 tons of carbon dioxide, the #LINKKEYWORD2# gas every year. The construction work is already underway with an anticipated completion date of the end of 2009.

"The sheer size and mass production of efficient solar modules mean that they are bringing down the price and make a significant contribution to ensuring that power from solar plants will soon be competitive. This increases our determination and the acceptance of solar energy," adds Lars Falck, managing director of juwi solar.





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