Hannover Leasing Acquires 10.7 MW PV Portfolio from Epuron

Epuron GmbH, part of the listed Conergy AG, and Hannover Leasing GmbH & Co. KG, an allied company of Landesbank Hessen-Thueringen-Girozentrale, have come to an agreement regarding the sale of large-scale photovoltaic (PV) projects with a total power output of 10.7 megawatts (MW).

Hannover Leasing is investing in seven large solar energy systems, located in Bavaria, Rhineland-Palatinate, Saarland and Saxony, which have all been developed and implemented by Epuron.

The transaction has been structured as a share deal. Hannover Leasing is taking over all shares in the operating companies founded to operate the solar energy plants, and the loans obtained as external financing.

“Epuron’s ‘Blue Gold’ portfolio offers attractive returns while optimally spreading the risks. This structure has many benefits for us as we continue to market these systems,” explained Juergen Mies, Divisional Manager in charge of the operation at Hannover Leasing.

The portfolio includes the recently inaugurated PV plants in Pfarrkirchen and Mering, producing 1.93 MW and 1.78 MW respectively. The projects under the portfolio use polycrystalline modules and thin-layer solar cells. All PV plants are equipped with mounting systems and inverters by Conergy.

The solar energy systems produce around ten million kilowatt-hours, which is sufficient to supply roughly 3,000 households with environmentally friendly power. Their use also eliminates the emission of around 7,500 tonnes of carbon dioxide. The plants were built by SunTechnics and the technical management is handled by Conergy Services—both companies are subsidiaries of the Conergy Group.

“By selling the ‘Blue Gold’ solar portfolio to Hannover Leasing, we are successfully asserting our strategic orientation, which is to bundle projects and then sell them to one investor. In Hannover Leasing, we have found a highly experienced investor, with a substantial track record in the field of energy and project infrastructure,” explained Joachim Mueller, Director at Epuron, responsible for project financing.

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