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21. March 2024

Start of construction in Stüdenitz Schönermark: Sparkassen-Finanzgruppe finances one of the largest solar parks in Germany

  • DAL and CEE Group con­tin­ue their suc­cess­ful col­lab­o­ra­tion and make a fur­ther con­tri­bu­tion to the ener­gy tran­si­tion in Ger­many
  • Project with around 130,000 solar mod­ules and a total nom­i­nal out­put of 80.9 MWp
  • Flex­i­ble financ­ing struc­ture adapt­ed to the course of the project — Long-term inter­est rate hedg­ing via deriv­a­tive instru­ments

The CEE Group has acquired a pho­to­volta­ic project from project devel­op­er Chint Solar as part of a struc­tured financ­ing pro­gramme of DAL Deutsche Anla­gen-Leas­ing (DAL). The solar park is being built in the munic­i­pal­i­ty of Stü­denitz Schön­er­mark (Ost­prig­nitz-Rup­pin dis­trict), 85 kilo­me­tres north-west of Berlin.
The project is cur­rent­ly one of the largest open-space PV projects in Ger­many. When com­plet­ed, the solar park will have a nom­i­nal out­put of 80.9 MWp, which cor­re­sponds to the con­sump­tion of around 30,000 house­holds. Con­struc­tion began in Jan­u­ary 2024 and the plant with around 130,000 solar mod­ules is sched­uled to be com­mis­sioned at the end of 2024.

When plan­ning the project, great impor­tance was attached to pro­tect­ing the flo­ra and fau­na, which are par­tic­u­lar­ly wor­thy of pro­tec­tion in the region. The inte­gra­tion of envi­ron­men­tal­ly friend­ly design ele­ments and the min­imi­sa­tion of land con­sump­tion will sig­nif­i­cant­ly reduce the impact on the local ecosys­tem.
DAL is financ­ing the solar park via a sav­ings bank con­sor­tium of Sparkasse Ober­hessen and Sparkasse Mar­burg-Biedenkopf on the basis of a large­ly secured EEG tar­iff with a term of 20 years. The com­bi­na­tion of long-term KfW funds and bor­rowed cap­i­tal from the Sparkassen-Finanz­gruppe made it pos­si­ble to achieve the opti­mum struc­ture for the project financ­ing.

Antje Gru­ber, Senior Project Man­ag­er, DAL: “We are delight­ed to be able to sup­port our cus­tomer CEE with anoth­er major project.“

About CEE Group

The CEE Group is an asset man­ag­er spe­cial­is­ing in renew­able ener­gies and based in Ham­burg. With a track record of more than 100 trans­ac­tions in the field of renew­able ener­gies and a port­fo­lio of around 2.6 bil­lion euros assets under man­age­ment in Europe, CEE is a com­pe­tent and reli­able part­ner. The main focus is on wind and solar ener­gy. The CEE Group has 47 onshore wind farms with an installed capac­i­ty of 0.7 GW as well as of 0.7 GW and 54 pho­to­volta­ic projects with 1.2 GWp.

 

About DAL

With an accom­pa­nied trans­ac­tion vol­ume of over 2.6 bil­lion euros per year, DAL is one of the lead­ing spe­cial­ists in the real­i­sa­tion of large-vol­ume, asset-based invest­ment projects. As the ener­gy com­pe­tence cen­tre of the sav­ings banks, DAL gives its cus­tomers access to the financ­ing pow­er of a strong and reli­able finan­cial group. DAL struc­tures and arranges the financ­ing of trans­for­ma­tion projects in Ger­many and select­ed Euro­pean coun­tries.

For questions and further information:

Press con­tact CEE Group:
redRobin. Strate­gic Pub­lic Rela­tions GmbH
Lenny Zywi­etz
Tel: +40 40 692 123 03
Mail: cee-group@red-robin.de

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