Solar park

1
Aug

3.2 million kilowatt-hours of electricity from solar energy

Four more SUNfarming solar parks with a total power of 3,000 kWp solar energy were successfully connected to the grid until the middle of 2018 in Märkisch Oderland and in Saxony-Anhalt.

In the municipalities of Wolmirsleben, Wegeleben and Hennickendorf in Saxony-Anhalt, 750 kWp were ever realised on former landfill sites, a further 750 kWp were completed in Harzgerode in the district of Märkisch Oderland as a free-field plant.

“Every year the four plants together produce proud 3.2 million kilowatt-kilowatts of electricity. This is enough to supply electricity from solar energy for about 900 households over 30 years. 11,000 built-in SUNfarming quality modules ensure a CO2 saving of 1,700 tonnes per year”, explains Martin Hinneburg SUNfarming head of sales and project calculation.

Landfills are as sites for Solar Park as created, no shading, conveniently located and the network connection in the immediate vicinity. Administration and municipal policy advocated a leasing of the area and the development of a photovoltaic system since other uses are often not to be reconciled with the context of a former landfill.
In addition to the sustainable generation of energy, the solar parks have additional financial benefits for the counties, which has an impact on the costs of the citizens.
Read more about the SUNfarming Own-Electricity-Concept for municipalities

24
Jul

SUN:BAR Photovoltaic Barnim GmbH plans first PV plant

Joint venture with SUNfarming subsidiary invests in decentralized energy generation plants

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.

16
Jul

German middle class drives the energy transition

SUNfarming signs contracts of 5 MW solar plants in Germany

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.

2
Jul

SUNfarming GmbH issues a secured 6.5% corporate bond with a five-year term and a volume of up to EUR 15 million

Erkner, 2 July 2018 – SUNfarming GmbH, an international specialist in project development and the subsequent realisation of turnkey photovoltaic projects, is issuing a fully secured corporate bond (ISIN: DE000A2LQZZ1) with a volume of up to EUR 15 million. The bonds offer a coupon of 6.5% p.a. (semi-annual interest payment) with a term of five years.

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

18
Jun

SUNfarming GmbH plans bond issue

SUNfarming GmbH, an international specialist in the realisation of turnkey photovoltaic projects, is planning the issue of a corporate bond depending on the capital market environment.

At the beginning of the new financial year 2018, SUNfarming GmbH had reached a new record order backlog of EUR 24.5 million, which is an increase of 180 % in comparison to the same date in the preceding year. The objective for the next years is to enhance the revenue and the operating result. Therefore, the proceeds from a bond issue are intended to be used foremost for the realisation of new photovoltaic power plants in Germany and abroad as well as to optimise the debt capital structure.

For this purpose, the management has instructed BankM – Representative Office of FinTech Group Bank AG to organise a management roadshow. A potential securities prospectus would be published at www.sunfarming.de. “With the possible corporate bond we would like to optimise our financing options further and put our growth in Germany and abroad on a solid base,” explains Martin Tauschke, the Managing Director of SUNfarming GmbH.

Since its incorporation in 2004, SUNfarming GmbH has covered the full EPC value chain (engineering, procurement, construction) – from planning and development to financing and construction to monitoring and servicing of solar parks. The company has a long-standing customer base of capital investors, local authorities, users of commercial and private in-house electricity generation systems as well as property-holding sister companies belonging to the Schrum-Tauschke cooperation group.

The international team of experienced commercial staff, engineers and technicians has successfully installed a capacity of over 500 MWp. In addition SUNfarming provides technical operation for over 280 MWp in Germany and abroad to third party companies. The group track record is characterised by stable income from these activities and its EPC core business.

For more information, please contact:

Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89/8896906-25
linh.chung@better-orange.de

or

Marcus Marold
SUNfarming GmbH
+49 (0)3362/8859-188
m.marold@sunfarming.de

11
Apr

SUNfarming completes 3,308 kWp of free-field plants in Turkey

SUNfarming completes 3,308 kWp of free-field plants in Turkey

SUNfarming Eurasia has realized solar parks with a total capacity of 3,308 kWp in the Niğde-Gölçük and Osmaniye-Yaveriye provinces.
5.5 million kilowatt hours of electricity are produced per year, which ranges for example electricity for 1,800 2-person households for one year. The CO2 savings is 4,000 tons annually.
The potential for solar energy in Turkey is huge. The country has up to 2,737 hours of sunshine a year, or 7.5 hours a day. This is the highest solar potential in Europe. The Turkish government wants to increase the share of solar energy to 5 gigawatts by 2023 and cover 30 percent of the total energy demand from renewable sources. This move is intended to make the country less dependent on expensive energy imports, which account for about half of the Turkish trade deficit. At the same time, however, the country is also heavily relying on coal and natural gas for power generation.
The two new SUNfarming solar parks in the Niğde-Gölçük and Osmaniye-Yaveriye regions, with solar radiation of around 1,600 kWh / kWp to 1,660 kWh / kWp, offer the best solar yield for the production of renewable energy, thus contributing to global climate protection.

“SUNfarming combines global expertise with local know-how. Our international commitment to meeting the world’s electricity needs is environmentally and socially acceptable, clean and sustainable, and secures the future of our children. We have been making an international commitment to this for years,” explains Sahin Balkan, CEO SUNfarming Eurasia.