Masdar PV secures loan for 11.7 MW solar photovoltaic park in Germany
Non-recourse project financing for the 11.7 MW PV solar park owned by Masdar PV GmbH
Ichtershausen, 18 July 2013 – Masdar PV, which manufactures thin-film solar photovoltaic (PV) modules, has secured a 17-year loan to finance one of Thuringia's largest thin-film solar PV parks. The lending consortium led by Ostsächsische Sparkasse Dresden and the Sparkasse Gotha provided the loan.
More Headlines
- Soltec Supplies 367 MW of its SFOne Tracker in Lorca (Murcia) to X-ELIO
- Comau's Digital Technologies to Improve Battery Cell Production Reaching up to Zero Defects for The Battwin Project
- Nexamp Passes the 100 MWh Milestone for Operating Energy Storage
- New study reveals lightning risks and damage potential for over 1,500 U.S. wind farms
- Sage Geosystems to Advance Energy Resilience with Geothermal Energy Solutions at Fort Bliss
The plant is located near Masdar PV's production premises in Ichtershausen, Germany. The solar park, which has an installed capacity of 11.7 MW, covers an area as large as 40 football pitches. The ground-mounted solar park's annual yield of 10.8 million kilowatt hours is enough to provide power for around 3,400 households. The solar park offsets about 6,400 tons of carbon dioxide emissions a year, which is the same as taking more than 2,000 medium-sized cars off the roads.
The 17-year loan was secured at very competitive rates, and serves as a benchmark for Masdar PV's microcrystalline photovoltaic technology. Alongside Ostsächsische Sparkasse Dresden and the Sparkasse Gotha, Sparkasse Jena and Sparkasse Mittelsachsen participated in the financing.
About Masdar PV GmbH
Masdar PV GmbH develops and produces innovative thin-film solar products and solutions. The company is a 100-percent subsidiary of Masdar, Abu Dhabi's renewable energy company advancing the development, commercialisation and deployment of clean energy technologies and solutions. Masdar serves as a link between today's fossil-fuel economy and the energy economy of the future. Backed by the Mubadala Development Company, the strategic investment company of the government of Abu Dhabi, Masdar is dedicated to the Emirate's long-term vision for the future of energy.
The selection of module sizes from which customers can choose – and the products' advantageous cost-benefit ratio – ensure that the high-tech modules from Masdar PV are ideally suited for ground-mounted installations and large-area rooftop systems. Transparent and colored modules allow architects to build futuristic, façade- and roof-integrated PV installations.
Featured Product
Early Fire Detection System for Battery Storage & Charging
Revolutionizing safety in battery reliant industries, our early fire detection system uses thermal cameras to spot early signs of battery thermal runaway. It triggers alarms and notifies users via text, voice, or email, ensuring rapid response to potential hazards. Proactive and reliable, our system sets a new standard in fire prevention for enhanced peace of mind in battery storage and charging environments.
