IBC SOLAR and 7C Solarparken strengthen partnership
Bad Staffelstein / Germany, April 29, 2020 – IBC SOLAR AG, a global leader in photovoltaic (PV) systems and energy storage and 7C Solarparken AG (WKN A11QW6, ISIN: DE 000A11QW68), a listed solar power plant operator with focus on the German solar market, are strengthening their excellent cooperation that has been existing for years.
7C Solarparken AG has acquired another open-space solar park developed, planned and built by IBC SOLAR AG with a total nominal output of 10 MWp at the Oberwesterwaldbahn site in Hesse, Germany (Dornburg and Elbtal communities). A total of 36,300 solar modules now generate climate-friendly solar power between Dornburg and Elbtal. The 16.44-hectare solar park is equipped with modules from URE (merger of Neo Solar Power, Solartech and GINTECH) and receives an average feed-in tariff of 6.08 ct / kWh.
As part of the in-depth partnership, IBC SOLAR not only takes on preventive maintenance services for the newly acquired solar park, but also for another 101 MWp of open and roof area systems from 7C Solarparken AG. Overall, the system house therefore performs preventive services, including medium-voltage protection tests for over 111 MWp of the 7C portfolio.
“With the acquisition, our portfolio increases to over 210 MWp. As a result of this transaction, we are already close to our target of 220 MWp in April,” said Steven De Proost, CEO of 7C Solarparken AG. "The new partnership with IBC SOLAR enables us to continually ensure the concentration on repairs, monitoring and optimization of the systems in-house and to ensure the necessary preventive maintenance and service work by an experienced and well-known partner."
"We are pleased about 7C's confidence in the quality and performance of our company and are very proud to be able to extend our partnership cooperation extensively to the area of technical management," adds Udo Möhrstedt, CEO of IBC SOLAR AG. "In addition to the contribution to climate protection, renewable energies also have considerable economic potential, especially in and after times of crisis, which must be exploited."
Ralf Hennig, Head of Projects Germany, adds: “The fact that we map the entire value chain of project business - from project development, planning and implementation to contract design, financing and technical management (O&M) - also results in many economic advantages for our customers. The overall risk is minimized, and the value retention and profitability of the PV system is increased."