Good Energies, NIBC Acquire Two Q-Cells Projects

Good Energies and NIBC Infrastructure Partners say they have reached an agreement with German solar integrator Q-Cells SE to acquire solar PV plants Finsterwalde II and Finsterwalde III, located in Brandenburg, Germany. Together with the adjacent Q-Cells project – Finsterwalde I – the three Finsterwalde projects have a total capacity of 81 MW.

The projects were developed and constructed by Q-Cells and are now fully operational. They receive a feed-in tariff for 20 years in accordance with the provisions of the German Renewable Energy Sources Act. Q-Cells will continue to carry out the operations and maintenance of the PV plants under a long-term contract.

The parties have agreed to not disclose the final purchase price. The transaction is subject to a number of closing conditions, and the financial close is expected around year-end.

SOURCE: NIBC Infrastructure Partners

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