Energiekontor unloads 13.3-MW solar bundle to Germany's swt

Germany’s Energiekontor AG (ETR:EKT) said on Thursday it has sold a 13.3-MW portfolio of solar parks at home to the Tubingen municipal utility (swt).

The bundle consists of two photovoltaic (PV) farms in the state of Bavaria, namely Gefrees and Absberg, and the Karstadt plant in Brandenburg. Energiekontor did not disclose the selling price in its press release.

Two of the solar parks will receive remuneration according to the hammer prices achieved in last year’s tenders under the Renewable Energy Act (EEG). Revenue from the other power plant, meanwhile, will not be tied to the EEG but will be sourced under a direct power purchase agreement (PPA) with an unnamed energy supplier.

The three solar parks are expected to have a combined average output of around 14 million kWh per year, or enough to cover the consumption of more than 3,500 homes.

"The development of solar parks is becoming increasingly important for Energiekontor. We have recently been able to significantly increase the rate here and still have many projects in the pipeline,” said Peter Szabo, chairman of the board of Energiekontor. The German developer in 2016 sold another solar park, Nadrensee in the Mecklenburg-Vorpommern state, to swt.

Choose your newsletter by Renewables Now. Join for free!