Energiekontor sells 9.2-MW German solar project to 7C Solarparken

German renewables developer and operator Energiekontor AG (ETR:EKT) said today it has offloaded a 9.2-MW solar project at home to domestic photovoltaic (PV) plants owner 7C Solarparken AG (ETR:HRPK).

The purchase price was not disclosed.

The Theilenhofen solar park will be installed in the Weissenburg-Gunzenhausen district of Central Franconia, and is scheduled to go online in the last quarter of this year. Once up and running, it will benefit from the “relatively attractive” remuneration of the EEG tender held in April 2020.

The power plant is estimated to produce an average of 10 million kWh of electricity annually, which will be enough to cover the consumption of nearly 3,500 local homes.

As it will be commissioned at end-2021, the Theilenhofen park will not make a significant contribution to its new owner’s earnings this year, said Steven De Proost, CEO of 7C Solarparken. He added that the company’s independent power producer (IPP) portfolio has expanded to 284 MWp after the purchase.

The Theilenhofen project is the second one that changes ownership from Energiekontor to 7C Solarparken in the past four months. In December, Energiekontor sold to its compatriot the 8.3-MW Hoettingen PV park, also in the Weissenburg-Gunzenhausen district.

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