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Tauber Solar seeks investors for 5 MW system Since July, Tauberbischofsheim-based Tauber Solar GmbH has been trying to attract investors for a 5 MW system in Bürstadt, near Worms, Germany, touted as
»the world's largest PV project on a building yet.«
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Tauber Solar GmbH |
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Big plans: Tauber Solar GmbH is laying the groundwork for a 5 MW system. In the past it has installed several systems like the one pictured here, a 454 kW system near Würzburg, Germany. |
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Starting in August, Activ Solar Energietechnik GmbH, also based in Tauberbischofsheim; Schölzl KG, from Oberndorf am Neckar; and Erbach-based Ralos Vertriebs GmbH
– all of which have partnered with Tauber Solar in the »Project Team
Sunspot« – plan to construct the 40,000 m2 system on the warehouses of the company TTS Global Logistics. According to the plan, the first 1.2 MW should go online by the middle of 2004. One year later, the entire system will be in operation. The system will consist of monocrystalline modules from BP Solar and SMA inverters.
The project's financing is being arranged via several investment funds. Tauber Solar 3 GmbH was founded to finance the system's first 1.2 MW, as well as 800 kW of system power that will be installed on various roofs in the Tauberbischofsheim area. Tauber Solar 3 is looking for around 120 investors to finance the 2 MW. The investors will participate as silent shareholders with a minimum contribution of
€50,000 ($56,205). Tauber Solar estimates that the turnkey construction of the 2 MW system will carry a net cost of
€9.2 million ($10.3 million). €130,000 ($146,133) will be required annually for administration, insurance, and maintenance, as well as
€12,000 ($13,489) for renting the space on the roof.
Based on company experience, Tauber Solar estimates an annual yield of 900 kWh per kilowatt. After 2005, investors should receive their dividends on a quarterly basis. Zeno Fleck, assets manager at the local bank Volksbank Main-Tauber, and the one responsible for Tauber Solar GmbH's finances, estimates the payout will amount to at least 7 percent of the invested capital.
With its first two investment funds, Tauber Solar GmbH has installed two PV systems, each with 1 MW, since Oct. 2001. In July, Tauber Solar 2 GmbH's most recent PV system went online: a 454 kW system on the roof of a composting plant in Guggenberg near Würzburg.
For more information (German only), go to: www.tauber-solar.de
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