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

Norwegian state-owned utility Statkraft AS has inked a deal to procure the electricity from a 30-MW solar farm in Germany that is being built by project developer Sunovis GmbH.

With the five-year power purchase agreement (PPA), Statkraft is enabling the construction and operation of the Strasen solar park located in Western Mecklenburg-Pomerania, the utility said on Tuesday.

Once operational already this year, the solar plant is expected to be capable of generating some 33 GWh of clean power annually, enough to meet the demand of around 11,000 local households.

Strasen will operate entirely without subsidies under Germany’s Renewable Energy Sources Act (EEG). Statkraft will utilise the contracted solar output to provide green power solutions to industrial clients.

German lender UmweltBank is co-financing the PV park’s operation in the long term, while investor and fund manager Oekorenta is providing the equity. Munich-based bank von der Heydt supported Sunovis during the sale of the solar farm, its debt financing and the closure of the PPA, Statkraft pointed out in the press release.

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