Flexible Electronics News

First Solar Secures Financing for 53 Megawatt Solar Power Plant in Germany

Former military land being remediated, converted to renewable energy resource

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. and Juwi Holding AG today announced they have secured financing for a 53 megawatt (MW) DC photovoltaic (PV) power plant near the German city of Cottbus. More than 80 percent of the required project capital is financed through non-recourse debt from a consortium of banks. First Solar and Juwi intend to sell the majority of the project after its completion. Construction of the project began in January 2009, and the first 15MW have been completed. The remaining 38MW are schedul...

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