The Wattner Group, a developer, financier and operator of solar power plants, has procured 12MW solar park in Sietzsch, located a few kilometers from Leipzig airport in Germany.
The solar park that extends across 33 hectares of industrial zone, features crystalline solar modules from BP Solar and IBC Solar and receives the high electricity remuneration rate from the first half of this year, as the zoning plan was drawn up at an early date.
The investment in the Sietzsch solar park along with financing partner Deutsche Kreditbank that finances renewable energy projects, increases the closed-end short-term Wattner SunAsset 2 fund to EUR80m, with a total of 11 solar power plants.
Wattner expects to reach an investment volume worth approximately EUR250m in the field of solar energy over the next 12 months, in line with its global target pipeline of 500MW of solar projects by 2012 in countries across Europe, North America and emerging markets.
Wattner managing director Ulrich Uhlenhut said that the company is considering politically stable EU countries, but is also currently conducting very detailed assessments of Canada and England in terms of the profitability of solar installations, negotiations with project partners are right on track.