Selling prices of operating solar farms

Luxcara acquires 12 MW in France, 9 MW in Italy

29.05.2012: German asset manager Luxcara has acquired a 12 MW solar park from French renewable energy developer EDF Energies Nouvelles (EDF EN) for approximately €49 million ($62 million). The thin-film solar park, located in the municipality of Béguy, in the French region of Aquitaine, will be added to the portfolio of Luxcara's Flaveo SA, Sicac-Fis investment fund. This is the second French solar park Luxcara has purchased from EDF EN. Last week, Luxcara announced that it had closed a financing deal with Commerzbank AG that would enable Flaveo SA, Sicac-Fis to acquire three photovoltaic (PV) installations in Italy for €48 million ($60 million). The three installations, which have a combined capacity of 9 MW, are located in the regions of Sicily and Piedmont. All three PV installations were developed by Belectric Solarkraftwerke GmbH, and, like the 12 MW French solar park, rely on First Solar thin-film modules. … Source: Luxcara Advisory GmbH; Translation and summary: PHOTON http://luxcara.de/en/news-info/artikel/luxcara-erwirbt-weitere-photovo ltaikanlage-in-frankreich.html http://luxcara.de/en/news-info/artikel/luxcara-hat-finanzierung-fuer-p hotovoltaikanlagen-in-italien-abgeschlossen.html The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/65734.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com