The District Council deputies decided it at the March meeting and in June it was legally founded: the SUN:BAR Photovoltaic Barnim GmbH. The project company, a joint venture between the Brandenburg BPG Beteiligungs-und Projekt Management GmbH from Erkner (sister company of SUNfarming GmbH) and the Barnimer Energy Investment Company MBH (BEBG) plans to invest in the Barnim decentralised generation and storage of electricity from renewable energy sources.
The first project is already on the verge of implementation: this year, the expansion of the landfill in Eberswalde will start an energy park. Up to 2020, three solar plants with an installed capacity of 750 kWp are to be built on the site of the decommissioned landfill. The completion of the first plant is already planned for autumn 2018.
“It is our first joint venture with a municipal company and we are pleased to be able to contribute a part to the implementation of the Barnimer energy turnaround,” says Martin Tauschke, technical managing director of SUN:BAR.
“With the BPG we have found a competent and experienced partner in the solar plant investment planning and plant management to build municipal production plants in the district Barnim. In perspective, our goal is to market the electricity generated here also regionally. The participation of citizens is also within reach. One of the three plants could be conceived as a citizen solar system, we examine “, announces Christian Mehnert, managing director of SUN:BAR.
SUNfarming GmbH has received an order for the turnkey construction of 5 MW solar plants from investment companies of the Schrum-Tauschke family. The projects have been successfully developed by SUNfarming GmbH for the last few months. These are 750 kWp free-field installations as well as roof-top plants of various sizes within Germany. The construction is expected to begin at the end of July. The order volume is approximately EUR 6 million. The investments are financed via the GLS Community Bank EC. The credit agreements have been signed by the investment companies this week.
“Unlike in the PV industry, we offer a one-stop service, from project development to service and monitoring. We have developed a unique quality assurance system for banks and investors. In our PV components, we rely exclusively on high-quality materials, in addition to the certification by TÜV Rheinland, checked by SUNfarming experts for quality according to a particularly stringent system.
An average of 7% more performance of our plants in recent years confirms the premium quality of our components “, explains Martin Tauschke, SUNfarming managing director.
As one of the ten largest German companies in the field of solar PV, the SUNfarming group has acquired its competence in the field of renewable energy over the past 14 years with more than 500 MWP solar systems as free-field and roof-top plants in Germany and worldwide, of which 115 MWP in its own investment Our group of companies is economically active in the project development, financing, realisation and operation of solar plants and related concepts such as agro-photovoltaics and e-mobility.
At the suggestion of institutional investors in particular, the company will optimize the issue concept. SUNfarming GmbH sees this as an opportunity to better meet the needs of investors and thus to attract additional investors. It is planned to offer investors another interesting investment option during the second half of 2018.
For more information, please contact:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
An amount of EUR 5.0 million of the proceeds from the issue is intended for the optimisation of the debt capital structure. The further proceeds from the issue shall be used to finance the company’s own project business, in particular the project costs for the development and construction of PV systems for capital investors, commercial enterprises or project companies of the Schrum-Tauschke cooperation group, which, in the broadest sense, also includes SUNfarming GmbH, and to finance the former’s project business. A further amount equal to the interest payments for one year shall be deposited in a trust account to secure the investors’ interest payment claims. Read more