Colexon secures 7.2 MW solar portfolio in Czech Republic

21. July 2010 | Applications & Installations, Industry & Suppliers | By:  Becky Stuart

Colexon Energy AG has secured a 7.2 megawatt (MW) solar energy system portfolio in the Czech Republic. EnerCap Power Fund is the investor for the €20 million project.



Thorsten Preugschas

Thorsten Preugschas. Image: Colexon.

In May of this year, the company started construction on the solar project. "We have already successfully carried out projects in France, Italy and the USA," Thorsten Preugschas, CEO and chairperson of Colexon explained. "We are expanding our international project business successively to reduce our dependence on national subsidy models.

"We are pleased that we can now implement a large portfolio in the Czech Republic, because the Eastern European solar energy market is very significant in this development due to its attractive framework conditions,"continued Preugschas.
 
The Czech project covers a total area of 200,000 m2. It is being built with First Solar thin film modules and a Schletter mounting system. The portfolio comprises three free field installations, says the company, which will produce approximately 6.8 gigawatt hours of electricity per year. 
 
The contract volume of the project is worth more than €20 million EUR.

EnerCap says it sees the facilities, which will be built in the Czech cities Mimon, Tocnik and Lomecek, as very promising in terms of implementing further joint photovoltaic projects. "EnerCap and Colexon have built up a strong and trustworthy partnership over the past months. The concluded EPC and O&M agreements create a solid basis for good performance in the current projects as well as a perspective for the future," according to Michael White, partner at EnerCap Capital Partners.


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