Encavis preps 105-MW solar park for construction in Germany

• German wind and also solar park driver Encavis AG (ETR: CAP) stated today it has achieved the construction-ready phase at a 105-MW subsidy-free solar park project in northern Germany's Mecklenburg-Western Pomerania state.

The ready-to-build (RTB) status has actually been gotten to after a resolution on the project's advancement strategy was taken at a municipal council meeting at the end of February.

Encavis mean to commence primary structure tasks at the site during the spring. The German firm's partner in the scheme is PVPEG, previously known as Greifensolar, with which it is additionally creating another project.

Once in operation, the solar park will certainly be Encavis' largest photovoltaic or pv (PV) site in its home country. Its output is prepared to be marketed straight to an industrial consumer via a lasting Power Purchase Agreement (PPA), probably with a 10-year term.

Today, Encavis has near to 360 MW of projects unfinished as well as 2.1 GW of plants in operation. Its objective is to have 3.4 GW of generation capacity in 2025.