COLEXON secures large portfolio in the Czech Republic

Hamburg, Germany - COLEXON Energy AG has secured a 7.2 MWp solar energy system portfolio in the Czech Republic. The project covers a total area of 200,000 m2.

It is being built with thin film modules from the market leader First Solar. The portfolio comprises three free field installations which will produce approximately 6.8 GWh electricity per year. The EnerCap Power Fund is the investor for the 20 million EUR project.

The contract volume of the project is more than 20 million EUR. Financing is secured by the EnerCap Power Fund and UniCredit Bank Austria AG. In May of this year, COLEXON started with the construction of the 7.2 MWp solar project portfolio in the Czech Republic. "We have already successfully carried out projects in France, Italy and the USA," Thorsten Preugschas, CEO and Chairperson of COLEXON, summed up. "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," Mr. Preugschas continued.

Source: IWR Online, 22 Jul 2010