7C Solarparken includes 20 MWp of solar capacity in Germany

• German photovoltaic (PV) plants owner 7C Solarparken AG (ETR: HRPK) has actually gotten a solar park of 20 MWp in Bavaria and satisfied its 335-MWp portfolio capacity target ahead of schedule.

The solar park lies in the district of the community of Lichtenfels, southern Germany, and also is expected to produce more than 1,050 kWh of tidy electricity per kWp of set up capacity, 7C Solarparken stated on Friday.

The typical fixed feed-in toll to be gotten by the nuclear power plant amounts to EUR 51 (USD 59) per MWh but because it includes the market price plus market costs, 7C Solarparken expects to be able to gain from the high market prices. The forward prices for 2022 presently surpass EUR 100 per MWh and the business's monitoring expects strong demand from power customers who look for a set price amidst the current rate volatility.

The facility was prepared and also developed by photovoltaic (PV) and also energy storage developer IBC Solar AG.

With the most up to date acquisition, 7C Solarparken has gotten to the target for a portfolio of 335 MWp which was set for completion of 2021. The Bayreuth-based company seeks to increase this to 400 MWp by the end of next year. Consisting of solar parks operated on behalf of 3rd parties, the portfolio needs to get to 500 MWp by end-2022.