Eight German Thin-Film Solar Plants Get $200 Million Financing

Eight thin-film solar plants using First Solar Inc. modules built at a former Soviet military airport in Germany received more than 150 million euros ($200 million) in bank financing, law firm Norton Rose LLP said.

Banks including Bayerische Landesbank and UniCredit Bank AG provided the loans for the plants at the former Templin/Gross Doelln airport in eastern Germany with a total capacity of 128.4 megawatts, Norton Rose, which advised the banks, said today in an e-mailed statement. Total investment is about 200 million euros, it said.

The eight plants, developed by Belectric Solarkraftwerke GmbH, are already built and will be connected to the grid “in the near term,” Christine Wolf, a spokesman for Norton Rose in Munich, said today by phone. They use inverters made by SMA Solar Technology AG, she said.

    Before it's here, it's on the Bloomberg Terminal. LEARN MORE