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Solarstrom Sells Five German Solar Plants to Private Investor

Dec. 31 (Bloomberg) -- S.A.G. Solarstrom AG, a German solar power developer, sold five photovoltaic plants in the country to an undisclosed private investor.

The ground-mounted plants, built between 2007 and 2008, have a total capacity of 12 megawatts, Freiburg-based Solarstrom said in an e-mailed statement today. The transaction value is in the “double-digit million” range, according to Solarstrom, which declined to disclose further details when contacted.

The company, which sold four German photovoltaic plants to Cologne-based Wattner AG in November, is planning to build 440 megawatts of solar plants in Spain, as well as new projects in southeastern Europe and Chile.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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