Reyad Fezzani, CEO of BP Solar, and Elias Issa, CEO of RGE Energy AG, announced the news in Munich at 'Intersolar', the world's largest solar exhibition.
The project launch is planned for the third quarter of 2009, the approval procedure is being processed currently, and by the end of the year, all BP Solar modules are set to be installed.
The planned solar system will deliver around 43,000 megawatt hours per year of green electricity. This is enough to yearly supply about 11,500 four-people-households with electricity and to save around 25,600 tons of CO2 emissions.
The project in Koethen is part of a cooperation agreement between the two companies that covers the installation of solar projects totalling 66 megawatts (MW) output. In addition to Koethen, other projects planned include a 15 MW solar system at Eberswalde airport and an option for another 15 MW.
Due to the high quality project development standards that RGE Energy AG has demonstrated, BP Solar is offering a guarantee on yield for the solar modules it supplies. Until now this has been reserved for turn-key projects developed by BP Solar. If the system does not deliver the overall energy yields guaranteed by BP Solar, BP Solar will cover the difference on the basis of the currently valid feed-in tariff.
'BP Solar is playing an important role in delivering utility-scale solar installations. Our strategy is to offer our customers the lowest cost in cents per kWh over the life of a solar system. With the additional yield guarantee, we are standing behind the quality of our product. We are convinced that our cooperation with RGE Energy AG will benefit us greatly in the German market, a market we strongly value', Reyad Fezzani explains, 'This project also emphasises our view that PV crystalline technology will continue to be a leader in the solar sector.'
'As a company with a long-standing experience in developing projects of large-scale solar power plants, we constantly focus on the highest quality and safety standards of our projects. This approach applies not only to the financing, project planning, installation and security concept of the solar system, but equally to the quality of installed solar modules', says Elias Issa, 'We're therefore delighted to have found with BP Solar a very reliable and strong partner for our projects.'