7C Solarparken buys tariff-backed PV arrays from MaxSolar

German photovoltaic (PV) plants owner 7C Solarparken AG (ETR:HRPK) announced Monday the acquisition of two newly-built solar arrays from engineering, procurement and construction (EPC) services provider MaxSolar GmbH.

7C Solarparken bought a 6.4-MWp rooftop PV array installed on top of a logistics facility in the town of Dieburg. The system has been operational since April 2019 and sells its power for an average tariff of EUR 61/MWh (USD 67.12/MWh) under the German ground-mounted PV auction ordinance (FFAV) scheme.

7C Solarparken has entered into an agreement with MaxSolar to acquire the second asset -- a 750-kWp installation in the province of Brandenburg. This array was brought online in June 2019 and operates under a tariff of around EUR 75/MWh. The installation is planned for an extension to add another 4.5 MWp with construction due to start in the fourth quarter of 2019.

The extension has been granted a tariff of around EUR 60/MWh under the FFAV scheme and its connection to the grid is expected in the first half of 2020.

The new transactions lift 7C Solarparken’s portfolio to 187 MWp of capacity, including 6 MW of onshore wind, from 154 MWp the company had at the start of 2019.

(EUR 1.0 = USD 1.10)

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