Statkraft to buy power from 30-MW solar park in Germany

• Norwegian state-owned utility Statkraft AS has inked an offer to procure the electricity from a 30-MW solar farm in Germany that is being developed by project designer Sunovis GmbH.

With the five-year power acquisition agreement (PPA), Statkraft is allowing the construction and procedure of the Strasen solar park situated in Western Mecklenburg-Pomerania, the utility claimed on Tuesday.

When operational currently this year, the solar plant is anticipated to be with the ability of generating some 33 GWh of tidy power yearly, sufficient to satisfy the demand of around 11,000 regional households.

Strasen will certainly run totally without subsidies under Germany's Renewable Energy Sources Act (EEG). Statkraft will make use of the contracted solar result to supply green power solutions to commercial clients.

German lending institution UmweltBank is co-financing the PV park's procedure in the long term, while financier as well as fund supervisor Oekorenta is providing the equity. Munich-based bank von der Heydt sustained Sunovis during the sale of the solar farm, its debt financing as well as the closure of the PPA, Statkraft explained in the press release.