Cleantech investor Good Energies and European investment fund NIBC Infrastructure Partners have reached an agreement with Germany’s Q-Cells SE (QCE.DE) to form the world’s largest operating photovoltaic (PV) power plant.
Good Energies and NEIF already had plans to acquire solar PV plants Finsterwalde II and Finsterwalde III located in Brandenburg, Germany.
The new agreement to purchase adjacent Finsterwalde I (built by Q-Cells), will bring together a total of 81 megawatts (MW).
Although larger photovoltaic plants are under development, the next-largest operating plant is the 80 MW Sarnia plant in Ontario, Canada.
Financial terms of the acquisition were not disclosed.
All three phases of the power plant benefit from an attractive feed-in tariff for 20 years in accordance with the provisions of the German EEG.
Q-Cells will continue to carry out the operations and maintenance of the PV plants under a long term contract.
The deal is expected to close around the end of the year.
Darren Kyte, CEO of NIBC Infrastructure Partners adds: “This will be our fourth acquisition of an
operational renewable energy infrastructure asset during the last 12 months. The acquisition will increase our solar PV
portfolio to 86MWp in Europe, and our total renewables exposure to almost 250MW across operational wind, solar and
waste-to-energy assets.”
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