News
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).
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F&S solar concept GmbH Euskirchen honoured with “CrefoZert” award
10. November 2014
On 3rd November 2014 Creditreform Bonn Domschke & Rossen KG handed over the creditworthiness award “CrefoZert” to the Management of F&S solar concept GmbH. With this certification Bastian Hadinoto, Member of the Executive Board of Creditreform Bonn Domschke & Rossen KG attests to F&S a very good creditworthiness…
Mehr anzeigenOn 3rd November 2014 Creditreform Bonn Domschke & Rossen KG handed over the creditworthiness award “CrefoZert” to the Management of F&S solar concept GmbH. With this certification Bastian Hadinoto, Member of the Executive Board of Creditreform Bonn Domschke & Rossen KG attests to F&S a very good creditworthiness and a low risk of insolvency.
F&S solar concept GmbH fulfilled all necessary criteria. With this award the specialist for the development of solar power plants is able to document its extraordinary and solid credit standing to clients and banks. The basis for this certification is a well-founded analysis of the financial statements through Creditreform Rating AG. These data were added by data from Creditreform Wirtschaftsauskunft as well as estimations of the current situation and future perspectives of the company which were investigated by personal interviews.
In the 9-year enduring history of F&S solar concept GmbH, the company has steadily developed and nowadays has offices in the United Kingdom, Italy, Turkey, Romania as well as the Dominican Republic. “A good credit standing is an important prerequisite for solid business relations” says Paul-Georg Schmiedel, CEO of F&S.
F&S solar concept GmbH belongs to the 1.7% of German companies which were attested an extraordinarily good creditworthiness. As a well-managed and financially solid company the enterprise from Euskirchen can now also prove this. “We were very happy about giving this certification” says Hadinoto.
This certificate is valid for one year if the award criteria can be kept. The current status is retrievable via www.creditreform.de/crefozert.
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Better Energy completes 8 MWp Solar Park in Anklam, Germany
15. September 2014
Better Energy Invest A/S (“Better Energy”), a Danish renewable energy asset manager focusing on renewable infrastructure, announces the completion of the acquisition of an 8 MWp. Solar Park built by German solar projects developer F&S Solar Concept GmbH. The solar park in the town of Anklam consists…
Mehr anzeigenBetter Energy Invest A/S (“Better Energy”), a Danish renewable energy asset manager focusing on renewable infrastructure, announces the completion of the acquisition of an 8 MWp. Solar Park built by German solar projects developer F&S Solar Concept GmbH.
The solar park in the town of Anklam consists of over 32,300 photovoltaic (PV) polycrystalline modules from Phono Solar and 7 Central Inverters from SMA. The power plant will generate around 8 million kWh of electricity annually, saving 6 thousand tonnes of CO2, and is expected to operate for more than 25 years.
The acquisition has a total investment value of more than EUR 8 million and takes Better Energy’s total portfolio of renewable energy assets to more than 33 MW of assets under management.
Sparkasse Holstein has provided long-term financing for the project.
Better Energy was advised by Sagawe & Klages, Hamburg on legal matters and by Krug & Schram on all technical aspects of the transaction.
About Better Energy Invest A/S
Better Energy Invest A/S (‘Better Energy”) is a renewable energy asset manager specialized in making renewable energy infrastructure investments available to individuals and professional investors. Better Energy has an investment platform allowing investors the opportunity to co-invest directly in renewable energy projects and build own portfolios via stakes in various projects. Investors’ benefit from using Better Energy’s renewable energy know-how and expert advisors to handle the transaction and due diligence process and the long-term asset management.
BetterBetter Energy is based in Copenhagen, Denmark and has representation in London, United Kingdom and Hamburg, Germany.
Contact
Better Energy Invest A/S
Kigkurren 8A, 1. Sal
2300 KBH S
CEO: Mark Augustenborg Ødum
mao@betterenergy.dk
DK +45 25 94 26 96
UK +44 77 17 36 03 63
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F&S saves solar project for the community of Twist
15. Juli 2014
„F&S solar“ takes over fallow building site of an insolvent developer and proves that one can still build economic solar installations in Germany despite of reduced feed-in tariff Twist/Euskirchen – Ernst Schmitz, mayor of the municipality of Twist, administrative district of Emsland, expressed himself…
Mehr anzeigen„F&S solar“ takes over fallow building site of an insolvent developer and proves that one can still build economic solar installations in Germany despite of reduced feed-in tariff
Twist/Euskirchen – Ernst Schmitz, mayor of the municipality of Twist, administrative district of Emsland, expressed himself at the New Year reception still really disappointed of the solar park project in his municipality. The present investor did not keep his commitments. The executing company announced insolvency and what was meant as a flagship project in terms of renewable energies, threatened to become a disaster. For months, the building site lay fallow, merely part of the sub-construction had been built. During this time not only lease income got lost - also the guaranteed reimbursement decreased from month to month. In vain, everyone tried to find a solution.
Then the construction site struck to one of the site managers of the Euskirchen solar specialist „F&S solar“ and he announced to the company headquarters: „Nothing has happened for months on this building site – something’s wrong here.“ As a result, Jörg Frühauf, CEO of „F&S solar“ contacted the local government: „Through the changed renewable energy law it becomes more and more difficult to build big solar farms, and there are only few big "players" left in Germany. However, we could present a concept which convinced the community.“
The project developer from Euskirchen took over the works and after all official formalities were done the solar farm with almost 6.000 kilowatt peak was finished within only three weeks. Not only the case history of the park was difficult, like Manuel Dormagen, project engineer with „F&S solar“, reported: „The park is a prime example for how important experience and competent planning are for the construction of big solar farms. The sub-construction had been partially built by the insolvent company within a strongly shaded area and had even been built beyond the construction window.“
Therefore, „F&S solar“ chose the radical cure and built back about ten percent of the existing construction. Despite the quick construction time, the park got connected to the grid one year later than in the original planning. „The cooperation with the local government was very good, fortunately, after the disappointment with the insolvent company the responsible persons quickly gave confidence to us, so that everything could be realized promptly“, according to Dormagen.“
The solar power station, consisting of 23,460 solar modules on 10.8 hectares of surface, could be established by “F&S solar” economically sensible, according to Manuel Dormagen: „Even for the trunk year we could pay the lease and the subcontracting companies of the insolvent company, so that a happy end was found for all.“ The project also has a good effect on the environment: By means of the green current, about 3.690 tonnes of the climate killer carbon dioxide are saved each year compared to conventional electricity generated from coal. Mathematicaly, 1.400 family households can be supplied with the solar current.
The project developer from Euskirchen has placed about 200 kilometres of cable within this park, plus 2.8 kilometres of cable which connects the park to the substation and thus to the public grid. In spite of the strongly reduced feed-in tariff, it is still possible to build solar parks economically, also in Germany, if the works are based on efficiency in construction and planning, says Dormagen. Meanwhile, the solar farm Twist has been resold to a Cologne investor. epa
Press Office F&S solar
Julia Hahn
Press Contact
Business Manager Social MediaPhone: +49 2251 1482-202
E-Mail: presse@fs-sun.de
Internet: www.fs-sun.de
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F&S solar: Internationalization goes on
04. Juli 2014
The German solar specialist „F&S solar“ currently conquers new markets in the United Kingdom and the Netherlands. After finishing well over 1500 projects in Germany and being active in several European and oversea countries F&S Solar is proud to announce the start of their first solar project in the…
Mehr anzeigenThe German solar specialist „F&S solar“ currently conquers new markets in the United Kingdom and the Netherlands.
After finishing well over 1500 projects in Germany and being active in several European and oversea countries F&S Solar is proud to announce the start of their first solar project in the UK.
Germany – In the past few years solar developments in Germany have lost some of its attractiveness. Therefore, big well-known German solar companies have entered the international market. Georg Schmiedel, CEO of “F&S solar” with its headquarters in Euskirchen, near Cologne, says: “In Germany F&S has created such a solid concept to build solar energy efficiently both ground-mounted as well as rooftops, that we are now pleased to announce our first project in the UK market. With the ability to build projects in a short period of time with a very select number of high quality suppliers and working closely together with banks and end investors, we have created something unique that can also be applied to the UK market”.
“We have teamed up with very experienced partners in the UK, companies and people that have a track record in delivering well performing projects safely and economically”, says Uwe Czypiorski, CTO of the company. This way we will combine our track record and experience in the German market, with specific knowledge necessary to be successful in the UK market. The Caddington project will be the first of a number of projects which the company is currently developing together with UK companies.
„We built up the English market in less than six months “ says Martin Wagner, Head of International Project Management whose company now has established a further branch “F&S solar UK” in London. Quality brings us a long way and International clients still trust the German engineering.
“The feed-in tariff in the UK makes that investors can make a good assessment of the risks and the investments suits many of our financial partners”, says Jörg Frühauf co CEO of F&S Solar. The solar farm in Caddington will have a capacity of 4.8 megawatts, this means that around 20,000 solar panels will be used on some 30 acres of land. The site will supply about 1,275 households with clean power. At the same time more than 3,000 tons of carbon dioxide can be displaced compared to the traditional power generation from for instance coal, making a contribution to protecting the environment and the climate.
The total investment for this PV installation amounts to some 5.5 Mio pounds. With costs continuing to come down and decentralized generation becoming a much more accepted form in a modern grid, Martin Wagner is sure that the real worldwide solar boom is yet to come. “We are still seeing many countries with good solar resources using fossil fuels to produce electricity.” The construction of solar parks in these countries would be very lucrative and would result in direct earnings, both economically as well as environmentally.
„Furthermore diesel engines currently produce electric energy of some 40 gigawatts worldwide. Generating it with solar energy could significantly reduce energy costs” says Uwe Czypiorski. Small island countries like Indonesia with about 11,000 small islands, for example are ideally suited for decentralized energy production.
But even in Germany solar energy is still far away from being dead. Georg Schmiedel is convinced that solar energy will become unbeatable “I expect solar energy to reach grid parity in a relative short period of time ”.
Press Office F&S solar
Julia Hahn
Press Officer
Business Manager Social MediaPhone: +49 2251 1482-202
E-Mail: presse@fs-sun.de
Internet: www.fs-sun.de
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