Saferay Completes Large Photovoltaic Plant In Germany

Saferay, a Berlin-based project developer and engineering, procurement and construction contractor, has inaugurated an additional 78 MW component of a 148 MW PV plant near Senftenberg, Germany. The combined plant, located on former open-pit mining areas, is expected to be the world's largest PV project, according to Saferay.

The new portion of the plant consists of 330,000 crystalline solar modules and 62 central inverter stations. The overall complex also includes a 70 MW plant that shares a common infrastructure with Saferay's plant, as well as an 18 MW plant that was completed last year, bringing the total installed capacity of the complex to 166 MW.

The 150 million euro investment for the new 78 MW plant was financed by three German banks. Saferay operates and owns two-thirds of the project and was responsible for its financial structuring.

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