The contract for the expansion given to solarhybrid is worth approximately EUR111.5 million. Deutscher Solarfonds Stabilität 2010 GmbH & Co. KG, initiated by Altira Renewables Management GmbH, is the client and investor as well as the operator. Commerzbank AG is providing the outside financing.
solarhybrid has developed the large-scale project itself, from the initial concept to the construction and building permit including the financing and structuring. The expansion is the result of the successful realisation of the first building phase, FinowTower I.
Proven partners from previous large-scale projects are involved in this second phase of construction, FinowTower II: photovoltaic modules from Suntech, inverters from SMA, mounting technology from Mounting Systems, planning by Enerparc, installation by Conecon.
The solar power plant, FinowTower II, should be on line in late December. It is expected to generate 82 million kilowatt hours (kWh) per year, which will be able to meet the needs of approximately 23,500 households. By eliminating 1,550,000 tons of carbon dioxide (CO2) over a 20 year period, FinowTower will make an important contribution to the reduction of greenhouse gas emissions and to the expansion of renewable energies.
The entire construction will be documented using four time-lapse cameras. The images can be seen via live streaming at www.solarhybrid.ag once construction begins.
Proven partners from previous large-scale projects are involved in this second phase of construction, FinowTower II: photovoltaic modules from Suntech, inverters from SMA, mounting technology from Mounting Systems, planning by Enerparc, installation by Conecon.
The solar power plant, FinowTower II, should be on line in late December. It is expected to generate 82 million kilowatt hours (kWh) per year, which will be able to meet the needs of approximately 23,500 households. By eliminating 1,550,000 tons of carbon dioxide (CO2) over a 20 year period, FinowTower will make an important contribution to the reduction of greenhouse gas emissions and to the expansion of renewable energies.
The entire construction will be documented using four time-lapse cameras. The images can be seen via live streaming at www.solarhybrid.ag once construction begins.
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