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).
Dominican Republik - 58 MW “ready to build”
The German solar project developer F&S Solar has identifi ed the Dominican Republic as a particularly attractive PV market. Planning is complete for an initial 116 MW utility-scale project. Construction is set to begin on the fi rst half of the power plant. The electricity will be marketed in a PPA.…Mehr anzeigen
The German solar project developer F&S Solar has identifi ed the Dominican Republic as a particularly attractive PV market. Planning is complete for an initial 116 MW utility-scale project. Construction is set to begin on the fi rst half of the power plant. The electricity will be marketed in a PPA. In an interview with S&WE, the company’s Managing Director Georg Schmiedel confirmed that F&S Solar has further plans for the Caribbean market.
S&WE: Mr. Schmiedel, the Dominican Republic is the only market outside of Europe, with the exception of Turkey, where your company is active. How did this come about?
Georg Schmiedel: We made the decision to internationalise in 2010 and chose to start with a focus on Europe and Turkey. We entered the UK market, with all the associated ups and downs, three years ago. It became clear as a second step that we would have to go beyond Europe into international markets. There are important criteria in addition to
solar potential: we want to avoid political risks, risk of war and any health risks for our employees. The Caribbean is thus generally of interest and the Dominican Republic in particular.
S&WE: In your opinion, what distinguishes the country?
Schmiedel: The system there has a very sustainable fundamental structure. We found structures comparable with those in Germany: clear, structured processes with typical permits, including environmental assessments and construction permits. Our 116 MW project has been o_ ered a power purchase agreement with a public electricity utility once complete and we consider this to be a solid foundation for future business.
S&WE: But you also founded a subsidiary ...
Schmiedel: Yes, we fi rst looked for local strategic partners, as we do in every country, and we found them. We can’t do anything without a local network. That led to the establishment of a joint venture company, F&S Solar Caribe Holding. F&S solar and AAC Global are equal partners in this company. Our partner, AAC Global, handles project development and permit planning, but is also supported locally by employees from Germany. Our project manager is currently preparing to move to the Dominican Republic.
S&WE What does the electricity market in this Caribbean country look like?
Schmiedel: First of all, it’s important to remember that it is an island. Almost half of the electricity is produced in an oil-fi red power plant, which is not very efficient, ecologically unsound and expensive. Solar, wind and biomass are poised for serious expansion – the Dominican Republic doesn’t want to rely on deliveries of raw materials. But the island’s network also shows that there is a decent power grid, which will also be expanded because of tourism. This sector requires a continuous, adequate power supply; some hotels still use their own auxiliary diesel generators to ensure their power supply.
S&WE: That means that a large solar farm with 116 MW of capacity would be a good fi t for this market.
Schmiedel: Yes, without a doubt. We will feed in at the highest voltage so that the energy can be well distributed across the entire island. The locations were chosen so that a substation can be built directly on site. The fi rst half of our 116 MW project currently has “ready to build” status. We are in the process of wrapping up the fi nal fi nancing matters with the investors and banks. Under the applicable laws, the permit for the second half of the project will be issued when construction begins. In addition to this first power plant, we have another 120 MW project that is currently in development.
S&WE: The installation of hybrid power plants would certainly be another potential field. Is that something you would get involved in?
Schmiedel: We’ve found that the construction of this large solar farm is the fi rst step in a new market. But there are also regions with a very poor power supply, or without any power supply, and hybrid power plants would be suitable there – the potential is truly enormous! However, the fi rst step together with the electric utility is to support the network with solar farms, also in respect to reactive power. We are also thinking about storage solutions to smooth the peaks. The climate on the island is also quite varied. There are areas that are steppe-like, while others are very green because of regular rainfall. This is why it is important to choose regions with constant solar radiation for solar farms.
S&WE: Are there any particular challenges in this country for solar projects in terms of logistics, installation or the availability of well-trained installers?
Schmiedel: There really aren’t many problems. Our partner SMA is already on the island
and can o_ er the necessary support. The substructure will be completed with one of the global players, but we have not yet reached a fi nal decision. The modules must be suitable for high temperatures, of course. We are responsible for the construction management, and partner companies from Germany are leading the installation. Between 250 and 300 local workers, who can apply on site, will be employed in the project.
S&WE: Will you continue as the operations manager?
Schmiedel: Yes, we are prepared to stay on site and manage the farm over the long term. A service building with a spare parts warehouse which the security service can use as its base and where camera monitoring can be done will be built on site. The monitoring of the plant itself will continue to be done in Germany. We can monitor the farm in real time from our headquarters. However, with six hours’ time difference, monitoring of the facility will begin at midnight in Germany – so we will have to organise a shift system.
S&WE: Wouldn’t it make more sense to do the monitoring locally?
Schmiedel: We want to use the headquarters here in Germany for all our international projects. We have developed our own software for our monitoring system and can use this software to manage all fi rst level support from here. We would like to keep the responsibility for this task here in Germany.
S&WE: The Dominican Republic appears to be a very attractive market. Do you have expansion plans for other countries in the Caribbean?
Schmiedel: We see very promising opportunities in other countries, although the general conditions will always have to be a good fi t. At the moment, the conditions in the Dominican Republic are ideal for us. It is important for our investors that the feedin tari_ be paid in US dollars, not in the national currency. Currency fl uctuation presents too great a risk. We are currently planning to remain active throughout the Caribbean and expand our business from our headquarters in the Dominican Republic. But the growth should be healthy and sustainable. Our first solar farm, Montecristi, which has a capacity of 58 MW, will be an important reference for interested parties from other countries who would like to get a sense of the scale: 116MW on over 200 hectares of land – that’s quite a lot. We will be happy to show it and provide information on the transmission network operator’s experiences.
The interview was conducted by Ralf Ossenbrink.
Solarpark Lutstrut sunning in the profit
Members of the civil power cooperative Abtsgmünd eG can look forward to four per cent dividend, as the solar park Lustrut achieved a very good result thanks to good solar radiation in 2015. The cooperative BürgerEnergie Abtsgmünd recently held its General Assembly in Gerlachsheim. The chairman Joachim…Mehr anzeigen
Members of the civil power cooperative Abtsgmünd eG can look forward to four per cent dividend, as the solar park Lustrut achieved a very good result thanks to good solar radiation in 2015.
The cooperative BürgerEnergie Abtsgmünd recently held its General Assembly in Gerlachsheim. The chairman Joachim Thees and Konrad Breuner gave a positive statement for the financial year 2015.
The proposal of the Supervisory Board and Management Board to distribute a dividend of four percent (20 euros per share), has been agreed unanimously by the members . The remaining amount flows back into the reserves.
Despite the very hot and sunny summer months, there were no record redults, according to the chairman Joachim These. “With air temperatures of approximately 40 degrees, the cield, as as also with other electronic devices with semiconductors, is regressing significantly.” With a temperature of up to 40 instead of the standard 25 degrees, this complied to a loss of about 7.5 percent, which could even by the long hours of sunshine not be fully compensated. Thanks to better rear ventilation of open space photovoltaic systems, the losses, however, are lower than for systems on rooftops.
The solar park Lutstrut is one of four projects owned by the cooperatives BürgerEnergie Tauber - Franken, solar parka Heckfeld , Dickwar and Oberlauda . The aim of the cooperatives is to work together with citizens, municipalities, companies and institutions in the region and realize energy projects, in order to not only contribute to climate protection but also to create economic incentives.
By means of those cooperatives, it is intended to achieve and remain the success and returns of the investments in the is local area and, contrary to several other projects all over the country, not having the returns and success flow into nationally or internationally operating funds.
Capital Stage expands its portfolio of solar parks in great britain to more than 80 MW
The Hamburg based solar and wind park operator Capital Stage, also being listed in the S-DAX index, bought another British solar park with a generation capacity of 5 MWp from F&S solar (F&S). Capital Stage and the project developer, based in Euskirchen, cooperate since 2015 on the British market. By…Mehr anzeigen
The Hamburg based solar and wind park operator Capital Stage, also being listed in the S-DAX index, bought another British solar park with a generation capacity of 5 MWp from F&S solar (F&S). Capital Stage and the project developer, based in Euskirchen, cooperate since 2015 on the British market. By means of the current acquisition, Capital Stage bought the fourth British solar Park from F&S. The generation power which Capital Stage now has in Great Britain thus increases to more than 80 MW.
The solar park acquired by Capital Stage is situated in the south east of England in the county Bedfordshire. Another British solar park owned by Capital Stage is in the immediate neighbourhood. The solar park is already operating and has been connected to the British grid in March 2016. A long term Power Purchase Agreement (PPA) has already been signed with the internationally acting Danish Energy-trading company NEAS Energy. The total investment volume of the acquisition amounts to 6.3 million euros (GBP 4.8 Mio).Capital Stage expects that the solar park will generate sales contributions in the amount of about 600 thousand euros (TGBP 460) with the first full year of operation.
The technical operation and maintenance (O&M) of the solar farm will be performed and ensured by F&S for the first 2 years. After these two years, the technical O&M will be performed by Capital Stage Solar Service GmbH, a company owned by Capital Stage AG to 100 per cent. Thanks to the close proximity to another British solar park owned by Capital Stage, synergy effects will be realised after having taking over the services from F&S. The commercial O&M services are already with Capital Stage from the date of the passing ownership.
In the first instance, the solar park is being acquired with their own financial resources. A later refinancing in the form of a classical project financing is planned. In this context, a respective framework agreement has already been made with BayernLB.
About Capital Stage AG:
Since 2009, Capital Stage has been acquiring solar installations and wind parks all over Germany, France, Italy and Great Britain with a capacity of nearly 600 MW. Therewith, Capital Stage is the biggest independent solar operator in Germany and mathematically already replaces the generation power of half a nuclear power plant. By means of the solar and wind parks, the company generates attractive returns and continuous earnings to very moderate risks.
Capital Stage AG is listed in the regulated market (Prime Standard) of Frankfurt’s stock exchange and in the regulated market of the Hanseatic stock exchange in Hamburg (ISIN: DE0006095003 / WKN: 609500). In March 2014, the stocks of Capital Stage have become part of the selection index SDAX of the German stock exchange.
Innovative solar parc solution for „contaminated site“
STAWAG contracts solar specialist based in Euskirchen for the construction of a PV solar farm in Alsdorf on difficult ground – concrete surface of the former coal washing was not to be drilled through Alsdorf/Euskirchen – „Even if the Feed in Tariff has been reduced significantly – we can see here…Mehr anzeigen
STAWAG contracts solar specialist based in Euskirchen for the construction of a PV solar farm in Alsdorf on difficult ground – concrete surface of the former coal washing was not to be drilled through
Alsdorf/Euskirchen – „Even if the Feed in Tariff has been reduced significantly – we can see here that photovoltaic still makes sense”, said Dr. Peter Asmuth, director of STAWAG, about the new project of the DNO in the region Aachen. On Tuesday in the afternoon, Mr. Asmuth, together with Alfred Sonders, the mayor of Alsdorf and leading employees of the solar specialist “F&S solar” inaugurated a solar farm with a nominal power of 700 kWp.
The area of about 15,000 square meters, where 2737 modules have been built, is a former coal washing of the “Halde Maria”. Asmuth: “Such a surface can be seen as contaminated site, not be possible to make any other good use of.” From now on, 400 tons of climate-damaging carbon dioxide will be saved thanks to the solar modules in comparison to the standard coal-fired energy generation. Every kilowatt of the green energy will be remunerated with a fee of 8.9 Eurocents, according to the director of STAWAG: “This shows how profitable solar farms can be constructed meanwhile. This remuneration corresponds to the production price of conventional energy generation as for example that of coal-fired power station.”
The construction of this sun-powered plant has been a huge challenge for the planner, since the concrete sealing which covered the 30-years old surface completely, was not to be damaged in any way. Markus Kreutz, technical manager of “F&S solar” for this project: “This means, we were not allowed to place any poles or the like for the framework of the modules in the ground, nor to dig any cable trenches.” But the company specialized in huge solar projects is already known in the market for its innovative solutions for projects with difficult underground circumstances, be it sandy ground or hurricane-resistant as on an island in the northern sea or on former military sites such as in Saerbeck, the biggest solar park installed on bunkers.
Kreutz: „ That is why we built the module really low and made concrete foundations for every mount.” Asmuth praised: “The thanks is absolutely to “F&S solar”; every single foundation had to be made by means of wooden boxes where the concrete has been poured into by hand. The work has been performed in an excellent and qualitatively high way.” The cables are secured by special brackets – 19 kilometers of cable for the connection of the modules had to be placed on difficult underground. The plant is to produce 665,000 kilowatt hours of clean solar energy per year and thus providing electricity for about 200 households.
Mayor Sonders: „Based on the structure of our town Alsdorf, we cannot use wind energy due to the missing clearance space. Therefore, we rely on photovoltaic; the solar park is a further successful milestone in our climate protection scheme.” This refers to a special program, where Alsdorf offers roof tops for solar use. The whole street lightning has already been adapted to LED technology, which saves 42 % of the energy and about 650 tons carbon dioxide. “also the lightning of schools, the town hall and further public buildings will be switched to LED technology.
Not only with regard to the energy generation, but also in respect of the design of the solar park, the environmental conditions have been taken into account, according to Peter Asmuth:”In one part of the area we created a biotope in order to save the protected species Natterjack toad.” The director of STAWAG sees the decentralized energy generation by means of the Renewable energies as the way to the future.