Evergreen Solar (Nasdaq: ESLR) announced Monday that a landmark installation placing more than 16,000 Evergreen Solar panels panels on the roof of the tunnel of Germany’s A3 highway using is nearing completion of its first phase of construction.
When finished, the 2.8 megawatt (MW) solar installation will be one of Germany’s largest and first to be located on a public highway. The installation, located near Aschaffenburg, Germany, occupies 2.7 kilometers of the A3 tunnel roof and, upon completion, will provide enough energy to power more than 600 average houses annually.
German-based solar installer Ralos is overseeing the construction and working with Goldbach-Hoesbach, a German power provider. Goldbach-Hoesbach, which purchased the land from the German government, will oversee the projects inconnectivity to the power grid.
The investment in the project is EUR 11 million, which will be paid back through cost savings over 16 years, according to a release.
Peter Rusch, Evergreen Solar’s director of marketing and sales for Europe, the Middle East and Asia, said: “Theoretically, there’s a huge amount of free space on highway bridges and tunnels. If this example is replicated throughout Germany, the country’s market share on solar energy could rise substantially.”
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