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Good Energies and NIBC European Infrastructure Fund acquire 40MWp of German solar PV plants from Q-Cells
Good Energies and NIBC Infrastructure Partners have reached agreement with German solar integrator Q-Cells SE to acquire solar PV plants Finsterwalde II and Finsterwalde III located in Brandenburg, Germany. Together with adjacent Q-Cells built project Finsterwalde I, the three Finsterwalde projects have a capacity of 81MWp, forming the largest operational solar PV plant in the world.
The projects have been developed and constructed by Q-Cells, and are now fully operational and benefit from an attractive feed-in tariff for 20 years in accordance with the provisions of the German EEG. Q-Cells will continue to carry out the operations and maintenance of the PV plants under a long term contract. The transaction is another landmark renewable energy transaction in Europe for Good Energies and NIBC Infrastructure Partners, which are both experienced investors in the renewable energy sector. The parties have agreed not to disclose the final purchase price. The transaction is subject to a number of closing conditions, and Financial Close is expected around the year-end.