We would like to extend a warm welcome to all members of the press and media, and we are delighted that you are taking an interest in F&S solar and its projects. On this and on the following pages, you will find all information, in concise form, about the company and its current projects. You can access video files, catalogues, brochures and other files, which you are also welcome to download. If using photographs and quotations, we would kindly ask that you acknowledge the sources. We would also be delighted if you would include a link to our website when reporting on F&S solar (www.fs-sun.com).
F&S solar is building the biggest Solar Power Plant (116MW) in the Caribbean
F&S solar is building the biggest Solar Power Plant (116MW) in the Caribbean Euskirchen/Santo Domingo, 19.03.2018. As Europe is still shivering in the wintry cold weather, in the Caribbean there is the best weather for an open field construction site: During a visit in the Dominican Republic in March,…Mehr anzeigen
F&S solar is building the biggest Solar Power Plant (116MW) in the Caribbean
Euskirchen/Santo Domingo, 19.03.2018. As Europe is still shivering in the wintry cold weather, in the Caribbean there is the best weather for an open field construction site: During a visit in the Dominican Republic in March, F&S solar with investors and banks got an impression on the current construction progress of the first 58 MW section of the solar park Montecristi. This section has already been half built and will be connected to the grid in June 2018.
By the summer of 2019, the project partners expect the finalisation of the whole 116 MW solar park. For the first 58 MW, all contracts were signed in 2017: For the commercializing of the solar energy, F&S solar was able to negotiate a Power Purchase Agreement (PPA) with a national energy provider for a duration of 20 years and, in addition, a contract for operation and maintenance. The German project developer is also part of the project as in investor and provides 35% of the equity capital. The remaining 65% is invested the company Blue Elephant Energy AG (BEE) from Hamburg, a years-long close partner of the F&S solar, that was represented at the site visit by board member Tim Kallas. BEE currently operates 17 solar and five wind parks with a total output of more than 250 MW. The loan capital is provided by European development banks, mainly in charge of the DEG in Cologne, a 100 per cent subsidiary of the KfW banking group. Also involved are the Dutch FMO and the Belgian BIO. Furthermore, the DEG will check the entire project progress with regard to the ecological and social standards of the World Bank.
German know-how forms the solid basis of the large-scale project
For the first construction section, about 215,000 modules will be delivered by the manufacturer Astronergy, which also produces in Frankfurt (Oder). Like the SMA inverters, the substructure also comes from Germany. For the cabling work, F&S solar also chose a German partner, Oliver Oepen GmbH. No without reason, as Managing Director Georg Schmiedel underlines: “It is very important for us bringing German partners on board, with whom we have long-term and trusting relationships”. Therefore, a special project in the Dominican Republic with developing competency, high-valued components and financing from Germany was created.
The park will be built step by step in blocks of 2.5 MW according to the input power of the SMA inverter stations. The substation will be constructed by ABB and the feed-in will take place directly on the site of the solar park into the high-voltage level. The relatively constant climate throughout the year favors the work, which is running on full speed, states CTO Uwe Czypiorski: "In the only difficult phase, the autumnal hurricane season, where the project benefits from its geographical location in the northwest of the country. The area where we are building is well protected from the effects of hurricanes by nearby mountain chain." Moreover, from a logistical point of view, the Montecristi region is also advantageous, as the components reach their destination in a very short time from the deep sea ports of Haina and Caucedo.
Caribbean is ideal for renewable energy
As Georg Schmiedel reports, the Dominican Republic is a particularly attractive market for solar projects in many ways: "There is not only a constant high level of solar radiation, but also huge areas that have not been used practically, not even by agriculture." At the same time the participating institutions were very well prepared for the topic of renewable energies and preferred solar energy in the modification and expansion of the energy supply system: "Energy providers and grid operators recognize the great advantages of decentralized solar parks distributed over the country for the security of supply and the stability of the grid," emphasizes Schmiedel. “The view on solar power is very different than in Central Europe."
About F&S solar
F&S solar concept GmbH, with its headquarters in Euskirchen, is an international solar park developer with subsidiaries in Spain, Great Britain, the Netherlands and the Dominican Republic. So far, the company has already designed and built more than 1,500 PV systems and solar parks - especially in Germany and other European markets. With more than 50 employees in the corporate headquarters, F&S solar offers not only the planning and restoration of PV systems, but also monitoring, maintenance and further services. www.fs-sun.com
About Blue Elephant Energy AG
The Hamburg Blue Elephant Energy AG supports the expansion of solar and wind energy as an investor and operator of renewable power plants. There are currently 17 solar and five wind parks with a total output of more than 250 MW in the portfolio. BEE combines in their investments sustainable energy with safe and predictable income. This is guaranteed by the close cooperation with long-term partners in the field of project development, which also includes F&S solar. www.blueelephantenergy.com/de
About the DEG
For 55 years, the DEG has been a reliable partner to private companies that are active in developing and emerging nations. Their customers receive tailored solutions in financing, support programs and individual consultation. Therefore, they can develop successfully over the long term, create local added value and skilled jobs. With a portfolio of around 8.3 € billion in more than 80 countries, DEG is one of the largest development financiers for the private sector.
Find out more: www.deginvest.de
ABB wins substation order to connect solar plant with the national grid of the Dominican Republic
New AIS substation in Monte Cristi helps to integrate green energy into the Dominican grid. ABB has won an order from the German solar plant developer F&S Solar Concept GmbH to build a turnkey 138 kV substation connecting a new solar plant in Monte Cristi with the national grid of the Dominican Republic.…Mehr anzeigen
New AIS substation in Monte Cristi helps to integrate green energy into the Dominican grid.
ABB has won an order from the German solar plant developer F&S Solar Concept GmbH to build a turnkey 138 kV substation connecting a new solar plant in Monte Cristi with the national grid of the Dominican Republic. F&S will bring the expertise to build a high performance solar plant whereas ABB supports with its know-how in integrating renewable energy to the grid. Besides the AIS substation, ABB will furthermore provide two new 25 MVA transformers.
ABB has already helped the provider to connect the first solar plant of the Dominican Republic with the national grid. Besides this 30 MW solar plant in Monte Plata, the amount of renewable energy in the Dominican Republic will be enhanced with the new solar plant in Monte Cristi, adding 100 MW of solar power to the grid.
As the country suffers from general power shortage, the development of renewable energy is critical to strengthen the grid and make it possible to extend the amount of connected households to the power grid. The Dominican government has already established important legal innovations and plans to open more solar plants in future, opening new opportunities for ABB.
ABB (www.abb.com) is a leading global technology company in power and automation that enables utility, industry, and transport & infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people.
For more information please contact:
Head of Communications
ABB Power Grids
Tel: +41 43 317 6480
“F&S solar is going to invest USD 250 Million in the province Montecristi”
In the presence of various local medias the German company F&S Solar announced this Saturday (03.09) in a press conference that they are going to invest $ 250 million in the construction of the largest solar farm in Latin America and the Caribbean Region. Among others, John Pape and Heinz Vieluf Cabrera…Mehr anzeigen
In the presence of various local medias the German company F&S Solar announced this Saturday (03.09) in a press conference that they are going to invest $ 250 million in the construction of the largest solar farm in Latin America and the Caribbean Region.
Among others, John Pape and Heinz Vieluf Cabrera (Senator province) gave important information.
The German company, which was established more than 30 years ago, provides the same service in different European countries (Italy, Spain, Germany)
Since 2013 F&S Solar acts in the Dominican Republic and will sell clean energy for 20 years (contract / PPA) to the state.
First phase: USD 120 million
Second phase: USD 130 million
This investment will provide more than 400 direct jobs and more than 100 indirect. The economy of the province will benefit.
Heinz Vieluf indicates that this is an important step for the development of the province.
The first investment will start at the end of October.
Chorus Clean Energy AG acquieres new Solarpark
The consisting Solarpark in Brandenburg with an overall performance of 3.3 Megawatt completes the Portfolio for two pension funds. CHORUS takes over longstanding operation of assets CHORUS Clean Energy AG (" CHORUS "), from Neubiberg near Munich, which specializes in the operation of solar parks…Mehr anzeigen
The consisting Solarpark in Brandenburg with an overall performance of 3.3 Megawatt completes the Portfolio for two pension funds.
CHORUS takes over longstanding operation of assets
CHORUS Clean Energy AG (" CHORUS "), from Neubiberg near Munich, which specializes in the operation of solar parks and wind turbines, has acquired two German pension funds a solar park with a capacity of 3.3 megawatts (MW) in Brandenburg Rüdersdorf. Seller is F & S solar concept GmbH in Euskirchen. About all other terms of agreement the parties have agreed by implication.
Since end of August 2011 the photovoltaic systems of "Solarpark Rüdersdorf II" are connected to the network and will receive a state-guaranteed feed in tariff of 22.07 cents per kilowatt-hour generated until the end of 2031. The amount of yearly produced electricity is sufficient to meet the annual needs of approximately 1,200 average two-person households and to save approximately 2,000 tons of harmful CO2 per year.
By means of the recent acquisition, CHORUS proves again its expertise as asset management service provider: in the middle of October 2015 CHORUS had been commissioned by two well-known fund panels to build a portfolio of solar and wind plants and to fully represent the long-term operation of the plant. For this both institutional clients have provided own funds amounting around 25 million euros, which are now completely invested. The portfolio includes the solar park in Brandenburg, a solar park in Thuringia with a total capacity of barely less than 3 MW, solar systems in the Italian regions of Umbria and Lazio with a rated output of 2 MW as well as a wind park in Lower Saxony with a total capacity of more than 18 MW. All systems are already connected to the network.
"We are pleased that we were able to put together such a high quality and balanced assets portfolio within the very limited time. Another sign of confidence of our customers is the fact that we have been entrusted with all other asset management services, including the operation of the plants," says Holger Götze, CEO of CHORUS Clean Energy AG.
The CHORUS Group was founded in 1998 and operates 81 solar and wind parks with a capacity of over 400 megawatts in five European countries. With its wide diversified portfolio, the company generates stable, predictable and long-term income. For professional investors CHORUS offers investment opportunities in funds to produce renewable energy. The CHORUS Clean Energy AG covers the entire investment cycle of a plant - beginning with asset sourcing, to the economic and legal due diligence, as well as the monitoring ending with the final sale.