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20.07.2011 00:00

MCG Management Capital Group Berlin acquires 12 MWp solar park in Zerbst from Q-Cells

Bitterfeld-Wolfen / Berlin, 20 July 2011 – Q-Cells SE, one of the leading companies in the photovoltaic industry worldwide, has sold the Zerbst II solar power plant with a total output of 12 megawatt-peak (MWp) to the Berlin investment group MCG Management Capital Group. The turnkey handover of the solar electricity installation will take place shortly. Q-Cells has been building the solar park on the site of a former military air base near the city of Zerbst in Saxony-Anhalt since mid-May of 2011. Just over six weeks later, the park was connected to the grid by the responsible energy supplier E.ON Avacon. As a subproject of a large solar park, a total of five subsystems have an overall capacity of around 46 MWp. The Zerbst II solar installation alone produces over 11 million kWh of solar electricity per year, supplying around 3,000 households. This also benefits the environment: the 12 MWp solar installation avoids around 7,000 tons of CO2 emissions detrimental to our climate.

MCG will add the solar park to its own real estate portfolio.

As the general contractor, Q-Cells built the solar park and installed 51,696 of its own high-quality crystalline solar modules on an area of 28 hectares. MCG Group has also commissioned Q-Cells for the long-term technical operation, maintenance and repair of the photovoltaic system. “We are pleased that MCG is once again counting on Q-Cells as a reliable partner,” said Nedim Cen, CEO of Q-Cells SE. “MCG has already acquired four major projects with a total output of 32 MWp from us in the last 18 months. We are looking forward to the continued expansion of our cooperation in the future.”

With the realisation of the Zerbst II solar park, Q-Cells and MCG are carrying on their renewable energy partnership. The Zerbst II solar project follows a number of solar projects that Q-Cells, as a leading system integrator, has developed and realised on behalf of MCG and successfully operates today. Q-Cells completed the Ahorn solar park with an overall output of 11 MWp on behalf of MCG in June 2010.

About MCG

MCG Management Capital Group, Berlin, is an investor focusing on renewable energy sources and a commercial project developer in the photovoltaic sector (www.mcg-group.de). Since 2007, MCG, in cooperation with its partners, has invested approximately EUR 500 million in solar electricity projects.