Both parties have agreed on the take-over of a power plant portfolio in Europe with a total size of 65 MWp. The agreement is covering PV-parks that will still be grid connected in 2009 as well as power plants that will be erected in 2010 by Sinosol Group. Industry standard Due Diligence assessments shall be completed within the next few months.
Construction for the project in Nordendorf has already started on August 4, 2009. After a construction period of only four months the PV-plant will be finished and grid connected before the end of 2009.
On a surface of around 17 hectares more than 35.000 poly-crystalline PV-modules will be starting to produce energy out of sunlight. The annual production will be around 7.8 million kWh, which represents an avoidance of CO2 emissions of about 5,000 tonnes.
