FRANKFURT, GERMANY: Sinosol AG is building a 7,4 MWp PV-project close to Augsburg. Sinosol AG is realizing a 7,4 MWp PV-park in Southern Germany for an institutional investor from India. Sinosol is the project developer and EPC contractor for the large PV-park close to Augsburg.
The project in Nordendorf is a pilot project for further joint activities of Sinosol and the institutional investor from India, which is planning to build an international PV portfolio of 200 MWp until the end of 2010.
Both parties have agreed on the take-over of a power plant portfolio in Europe with a total size of 65 MWp. The agreement is covering PV-parks that will still be grid connected in 2009 as well as power plants that will be erected in 2010 by Sinosol Group. Industry standard Due Diligence assessments shall be completed within the next few months.
Construction for the project in Nordendorf has already started on August 4, 2009. After a construction period of only four months, the PV-plant will be finished and grid connected before the end of 2009.
On a surface of approximately 17 ha more than 35.000 polycrystalline PV-modules will be starting to produce energy out of sunlight. The annual production will be approximately 7,8 Mio. kWh, which represents an avoidance of CO2 emissions of approx. 5.000 t.
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