HRPK commissions its 1.8 MWp PV project in Bernsdorf

C Solarparken (HRPK.DE) announces that the group has commissioned a 1.8 MWp PV installation in Bernsdorf, nearby Zwickau (Saxony, Germany). This project has been built on 2.6ha of industrial land that has already belonged to the PV Estate portfolio since 2019. The full development, including permitting process, was executed in-house. The feed-in tariff for the project was secured almost 24 months ago as part of the FFAV (free-field tendering) scheme and is close to the current FFAV pricing (ca EUR 50/MWh).

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The installation is equipped with Renesola 330W panels and Sungrow inverters and is supposed to generate at least 975 kWh/kWp.

Steven De Proost, CEO of 7C Solarparken AG, comments: “New installations possess substantial option value since feed-in tariffs for projects that adopt direct marketing are entitled to receive a market price as a floor irrespective of their awarded tariff. This option value is, at present, a real income contributor with base-load forward prices for 2022 at above EUR 100/MWh. Our IPP portfolio now contains 337 MWp and is expected to grow to around 400 MWp by the end of 2022.

Author: KS

Source: 7C Solarparken AG

Topic: Business | Solar Stocks

Market: Solar Stocks