Worrstadt, Germany [RenewableEnergyWorld.com] WealthCap has acquired one of the five largest solar photovoltaic installations in the world, located in Lieberose, Germany.
The installation has a total installed capacity of 53 megawatts (MW) and was built on a former military training site. The plant covers an area of 162 hectares.
The facility represents an investment of approximately €160 million and has been fully connected to the grid since fall 2009 and is expected to produce 53 million kilowatt hours of electricity per year.
The projects was sold by juwi Solar GmbH. As main contractor, juwi Solar was responsible for planning, logistics, construction management and construction maintenance. First Solar supplied the installation with 700,000 thinfilm solar modules, which were mainly produced in a plant in Frankfurt/Oder. The power inverters were produced by SMA.
WealthCap is planning to launch a photovoltaics fund by July. WealthCap is a 100% subsidiary of UniCredit Bank AG.