- EPURON successfully concludes financing for El Calaverón photovoltaic project with a total module output of 21.1 megawatts
- Transfer of turn key plant to investors as early as summer 2008
- EPURON currently has PV power plants with a total capacity of 37 megawatts under construction around the world
EPURON GmbH concluded the financing for El Calaverón, one of the world’s largest photovoltaic power plants, and sold it to investors. The subsidiary of the stock-listed company Conergy AG developed, financed and took over the EPC contracting (engineering, procurement, construction) for the 21.1 megawatt project. Debt capital was provided by the French bank Dexia, HSH Nordbank, as well as Dresdner Kleinwort. The equity capital was placed with the British lead investor Impax Asset Management, among others. “Large scale photovoltaic power plants in Spain are a great long term infrastructure investment opportunity. Key for us is the tariff, good equipment partners and good finance in this market. El Calaverón from EPURON brings all these benefits and we hope it is the start of a longer term partnership in the sector,” said Peter Rossbach, Director, Impax Asset Management. Other investors include the Spanish project development partner Solar Value, as well as a private Spanish investor. "With our combined financing and development skills EPURON has great advantages in the market for large scale projects. El Calaverón marks an impressive milestone in our company history and it is the best example for our strengths,” gladly stated Joachim Müller, Managing Director at EPURON.
Attractive Spanish feed in tariff secured
As early as summer 2008, EPURON will connect the power plant to the public power grid in Spain and will transfer the turn key plant to investors. The company is thereby securing the currently attractive feed in tariff of 45.51 Eurocent per kilowatt hour of generated solar power. The construction time will then have taken less than one year up to the time of conclusion. EPURON has commissioned Conergy with the delivery and installation of the solar systems, as well as their operational management.
El Calaverón is located in the sunny region of Castilla-La Mancha. The project stretches over an area of 100 hectares, which is equivalent to more than 100 football pitches. Up to 96,000 polycrystalline solar modules, which are installed on double-axis tracking systems from Conergy, will produce roughly 40,000 MWh clean electricity annually to approximately 12,500 households. In addition, the power plant will save 39,000 tonnes of environmentally harmful CO2gas.
EPURON is active in most important solar markets world wide
In Andalusia, EPURON inaugurated the solar projects Ecija and Darro with capacities of 1.5 and 5.8 megawatts a few weeks ago. Besides El Calaverón, EPURON is constructing additional solar projects in Germany, Spain, Italy and USA with a total capacity of 16 megawatts. Having a total of over 100 megawatts of developed and financed photovoltaic systems, EPURON is one of the world's leading companies in this industry. |