Construction work begins on 24 MWp German solar park for BASF plant

• A joint venture of German regional energy firm envia Mitteldeutsche Energie AG (enviaM) as well as BASF SE (ETR: BAS) has actually released the construction of a 24-MWp solar park in the state of Brandenburg that perseverance a nearby plant of the chemicals producer.

Construction deal with the substation started at the end of January while work with the solar park started in mid-February with appointing scheduled for the 2nd quarter of this year, enviaM said on Friday.

The companions plan to install some 52,000 solar modules on an area of 24 hectares (59.31 acres) in the town of Schwarzheide, southerly Brandenburg as well as the bulk of the power from the center will certainly be used to power BASF's production lines for cathode materials for batteries at its plant in the community. The electrical power will be provided under a long-lasting power acquisition contract (PPA) and also will certainly be enough to cover 10% of the plant's annual consumption. The park is anticipated to generate 25 GWh of green electricity per year.

To become aware the project as well as run the park, enviaM and BASF have actually created a joint venture called BASF enviaM Solarpark Schwarzheide GmbH in which the chemicals significant possesses 51% as well as the energy firm controls the continuing to be stake.

The subsidy-free project, including the solar park as well as the substation, will cost concerning EUR 13 million (USD 14.76 m).