German developer offloads 650MW PV project

Jun 7, 2022 10:49 AM ET
  • Project near Leipzig will certainly be built on an opencast mine site and will certainly aid to revitalize the area
German developer offloads 650MW PV project
Image: Unsplash/Red Zeppelin/UVGE

German developer Moveon Energy has gotten to an agreement to offer a 650MW solar project near Leipzig to investor Signal Iduna and its financial subsidiary Hansainvest Real Properties.

The project, on Lake Hainer, which is near Leipzig, will certainly be Europe's largest solar park when built.

The project is still subject to formal authorization.

Project developer and general contractor Moveon Energy intends to set up a total of greater than 1.1 million solar modules with a complete capacity of 650MW by the second quarter of 2023 and to operate 45MW of the plant in its own portfolio.

Moveon Energy will take over the operational monitoring of the solar park.

A ground-breaking ceremony which will certainly consist of Saxony's prime minister and the mayor of Neukieritzsch Hellriegel will certainly happen at the construction site on 8 June 2022.

The Witznitz Energy Park will certainly expand regarding 30 kilometres south of Leipzig using the community of Neukieritzsch and the cities of Böhlen and Rötha.

In the previous Witznitz 2 lignite opencast mine, around 500 hectares of contiguous areas and 150 hectares of additional compensation areas will be used for the project.

The creation of new cycle and bridle paths of 13 km each and linked relaxing places is planned to support the tourist use of the area.

Hedges will be grown along the fences in order to make the area as near to nature as possible.

In addition to the expected positive economic, eco-friendly and traveler impulses for the region, identical farming usage on the area below the solar module tables will certainly likewise be trialled, utilizing an examination area of five to 10 hectares originally for this objective.

Due to the proximity to existing energy infrastructure, construction of power lines will certainly not be needed.

Coupling of renewable resource production with processes for the production of green hydrogen is also imagined, which would be used to supply a solid-state storage space system for self-consumption.

Fast charging stations for autos and bicycles are additionally part of the complicated.

The solar power created will be made available to commercial and various other big clients without federal government assistance by means of long-term power purchase agreements (PPAs).

"Sustainable administration goes to the heart of what we do en masse of firms and is securely anchored in our strategy as a guiding principle.

"Through this excellent project, we enjoy to be able to meet our obligation for a sustainable future widespread.

"A CO2-neutral energy supply and the resurgence of the whole area associated with the new solar park are specifically the sort of favorable impulse that our investments ought to create in the best instance," stated Ulrich Leitermann, chairman of the administration board of Signal Iduna.

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