Luxcara, a European asset manager for investments in renewable energies, and UmweltBank AG have achieved financial close for the 171 MWp Tramm-Göthen solar PV project in Germany.
The largest independent solar PV project in the country is located in the municipalities of Tramm and Lewitzrand in the state of Mecklenburg-Western Pomerania. Currently under construction, the 171 MWp PV plant is owned by renewable energy funds for institutional investors advised by Luxcara.
UmweltBank AG has provided the mid-double-digit million financing amount, while equity is provided by the project's owners. The proceeds of this transaction will fund the ongoing construction of the Tramm-Göthen PV project, which is expected to start commercial operation in the first quarter of 2022. The produced electricity will be sold under a power purchase agreement (PPA) with a tenor of 10 years.
Materials manufacturer Covestro and energy provider EnBW has signed a long-term corporate power purchase agreement (PPA)
Read moreØrsted has taken the final investment decision (FID) on the two German offshore wind farms Gode Wind 3 and Borkum Riffgrund 3 which are expected to be commissioned in 2024 and 2025, respectively.
Read more
BASF and Ørsted have concluded a 25-year power purchase agreement (CPPA) for 186 MW from Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea.
Read moreAnumar has announced the commercial operation of its 120 MWp Schornhof photovoltaic solar project in Bavaria, Germany.
Read moreTekmar Energy Limited announced that it received a contract from Van Oord to supply its Generation 10 Cable Protection System (CPS) for the Baltic Eagle offshore wind farm in the Baltic Sea, Germany.
Read more