Q-Cells Closes Sale Of Finsterwalde Solar Power Plants

Q-Cells SE has completed the sale of the Finsterwalde IIÂ and III photovoltaic power plants to Blue Forrest Solar Holding, a joint venture owned by DIF Infrastructure II and the NIBC European Infrastructure Fund.

The company says the two installations have a combined installed capacity of 40 MW. Combined with the Finsterwalde I PV plant, which Q-Cells sold in 2010, the overall Finsterwalde site has an installed capacity of 82 MW, making it Germany's largest solar PV site to date, the company adds.

The transaction was financed with long-term loans by KfW IPEX Bank and Commerzbank.

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