7C Solarparken to purchase EnerVest Belgium, exceeds end-2020 capacity objective

Dec 30, 2020 04:37 PM ET
  • German photovoltaic (PV) plants owner 7C Solarparken AG (ETR: HRPK) has actually made a variety of solar buys at home as well as additionally consented to take control of the Belgian system of wind driver EnerVest AG.
7C Solarparken to purchase EnerVest Belgium, exceeds end-2020 capacity objective
Image: IBC Solar

7C Solarparken revealed on Tuesday that it signed a deal to acquire renewables developer EnerVest Belgium as part of strategies to accumulate a 50-MWp portfolio in Belgium by 2023. Headquartered in Ghent, the business being acquired has a strong pipe that will be understood in the next 12 months. The very first projects stand for roof installations for 2 multinational companies. They are expected to soon go into building and construction.

Meanwhile in Germany, 7C Solarparken has bought three solar plants with a combined capacity of 17 MWp for a complete equity of EUR 15.8 million (USD 19.4 m). This includes a 0.7-MW installment on a former armed forces site in Morbach, a 10-MWh solar park in the town of Dennheritz as well as a 6-MWp plant in Burgwindheim. The 3 assets get the respective tolls of EUR 342 per MWh, EUR 72/MWh as well as EUR 57/MWh, as well as are seen adding over EUR 1.3 million in annual incomes.

The firm kept in mind that with these 3 financial investments it has reached 256 MWp of overall capacity in its Independent Power Producer (IPP) portfolio, consisting of 6 MWp of onshore wind, contrasted to a target of 220 MWp for end-2020.

Likewise, compatriot Energiekontor AG (ETR: EKT) revealed it has marketed to 7C Solarparken the 8.3-MW Hoettingen solar park, situated in the Weissenburg-Gunzenhausen district of Central Franconia. Appointed previously this month, the particular facility take advantage of the "fairly appealing" commission of the EEG tender held a year back.

"We look back to a wonderful year 2020 throughout which we have achieved as well as even surpassed all internal targets," said Steven De Proost, CEO of 7C Solarparken, adding that the business will certainly seek to get to 295 MWp during 2021.

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