Germany's Energiekontor switches on 1st solar park in group portfolio

German renewables developer Energiekontor AG (ETR:EKT) has hooked to the grid its 10-MWp Garzau-Garzin solar park in the district of Maerkisch Oderland in the eastern part of the federal state of Brandenburg.

The wind power-focused company said that this is the first solar plant to be transferred to its own portfolio, which now stands at about 270 MW.

“We are planning to significantly expand our solar activities in Germany, but especially in the US and France. Energiekontor intends, for instance, to close the first major solar projects in the USA purely on the basis of power purchase agreements,” commented CEO Peter Szabo. He added that, in Europe and the US, the company will seek to take part in the first subsidy-free wind and solar projects at actual market prices.

The Garzau-Garzin solar park uses more than 35,000 polycrystalline photovoltaic (PV) modules that have the combined capacity to generate over 10 million kWh of electricity per year. The project was awarded to Energiekontor in the auction round in April 2016 and is supported by a feed-in tariff under the German Renewable Energy Sources Act (EEG) for a period of 20 years.

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