Solar park San Clemente/Villanueva de la Jara

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San Clemente

The success story of KGAL and Phoenix Solar continues

In September 2008, only six months after commissioning the successful La Solana solar park with a capacity of 6.5 MW, two more KGAL power plants were connected to the Spanish grid. With a completion time of just three months, Phoenix Solar again demonstrated its expertise in power plant construction. As with the La Solana solar park, the two new solar parks with a total capacity of 10.5 MW are situated in the sunny region of Castilla La Mancha, between Madrid and Valencia.

Tariff remuneration for both plants was secured under the old Royal Decreto (Renewable Energy Act), facilitating a very attractive profit. When designing the solar fund, KGAL placed great importance on a balanced risk/opportunity profile. Investors prefer material assets that are independent of the stock exchange and profit from the statutory tariffs for
solar power.

In partnership with Phoenix Solar, KGAL has now set up two solar energy funds in  Germany and two in Spain. In their first two years of operation, the German solar funds have clearly exceeded forecasts with a value increase of approximately 4%. In accordance with forecasts for the La Solana solar park in Spain, there was a dividend distribution of 10% on invested capital for the first year. 

* Source: German CO² emissions calculation (0.932 tons CO² saved per MWh) based on data from the German Federal Ministry for the Environment‘s Working Group on Renewable Energies/Statistics (BMU AGEE) 2006.