COLOGNE, GERMANY: Wattner has acquired the solar power plant Rätzlingen I and is incorporating it into its closed-end solar fund Wattner SunAsset 3. The installation was constructed in December 2011 on commercial property in Lower Saxony. The facility has a capacity of 5.6 megawatts (MW) and an investment sum of approx. 10.5 million euros.
Within the next months, the solar power plant Rätzlingen II, with a capacity of 5.1 MW, will be built at the same location. That will bring the overall investment sum for Rätzlingen up to nearly 19 million euros, with a total capacity of approximately 11 MW.
With Rätzlingen I joining Fürstenwalde and Rüsselsheim/Opel I, Wattner SunAsset 3 has increased its investments in installations eligible for feed-in tariffs from the year 2011 to over 31 million euros. Including Rätzlingen II and additional acquisitions as well as installations currently under construction, the fund's overall investment balance is positive.