The project is a "small development solar project" located on the roof of a commercial building in South Bohemia. "We want to complete the first development project as soon as possible," said Erwin Vahlsing, Jr., CEO of the company back in May. He continued: "This project provides an opportunity to put in place and test all of the processes and procedures we will utilize on larger future projects." CEP is hoping to be connected to the power grid by the end of the month.
Whether it is the 1.3 mega watt per hour (mWh) project located in the town of Planichka, in South Bohemia, remains unclear.
Although no more specific details are currently available (pv magazine has contacted CEP, but as of yet there has been no reply), the company has said that this first project will produce nominal revenue. However, it adds that it is looking to undertake much larger deployments in the future. At the start of March, the company announced its joint venture partnership for the development of solar parks in the Czech Republic.
During a visit to the Czech Republic, Mr. Dennis Shen, president of the company is expected to appoint the administrative personal including the CEO required to oversee future deployments. In addition, he will personally oversee all the administrative measures required for the current project's commissioning.
Mr. Shen commented: "I want to be with the project through its completion. It is an important first step in our entry into the European solar market. I am excited to see our progress in such a short time frame. Our solar power off-taker (power purchaser) is the largest utility in Europe, a USD$60 billion energy company called E-On. With E-On as our partner, we plan to complete the project on time and turn the first power to the Czech grid by the end of this month."
CEP has said it has signed an acquisition agreement and released funding to immediately acquire the equipment necessary to complete the initial project. "This first project is important to our continued development of business in the Czech Republic and ultimately, Europe as a whole," said Mr. Erwin Vahlsing, Jr., CEO of the company.
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