Luxcara completes acquisition of 172 MW solar project from Belectric

German asset manager Luxcara GmbH has completed the acquisition of a 172 MW solar photovoltaic facility in Germany from Belectric Solar & Battery GmbH.

BELECTRIC will start construction of the large solar farm in the municipalities of Tramm and Lewitzrand in the state of Mecklenburg-Western Pomerania before the end of 2020.

Following the completion of the power plant at the end of 2021, just under 420,000 photovoltaic modules will convert sunlight to electricity. The solar farm will produce enough green electricity to supply the equivalent of around 50,000 homes annually. The plant will be constructed without the Renewable Energy Act (EEG) funding. The power generated will be sold under a long-term power purchase agreement (PPA).