Monday, April 11, 2022

German Firm Builds Floating Solar Plant On Quarry Lake

A Germany company, will next month, switch on a Floating Solar Power Plant, it has built on a quarry Lake, a rapidly-installed, Renewable technology it says could help wean the Country off Russian Fossil Fuels. The Plant, with 5,800 modules on 360 floating elements, will go into service on May 24th.

It comes as Germany scrambles to find Alternative sources of Energy and Phase-Out, its reliance on Russian Oil and Gas, in the wake of Moscow's Invasion of Ukraine.

Toni Weigl, Head of Floating-PV Product Management at BayWa r.e., said Germany could House around 20 gigawatts (GW) of Solar Energy on water. "Floating PV systems are environmentally friendly and have the advantages of simpler and faster installation," he said.

The Floating Panels will use space that would otherwise lie idle at Quartzwerke, a Foundry Sands Maker in a densely populated Region. They will save 1,100 tonnes of Carbon Dioxide Emissions a year, compared with the same amount of Power produced from Fossil Fuels.

BayWa r.e. plans to bring 1 GW of Renewable Capacity Online this year, it said on Feb. 24th as it published 2021 Financial data. The Firm focuses on Onshore and Offshore Wind, and also arranges Green Power purchasing Deals for Multinational Companies.

Parent company BayWa, last month, said its Earnings before Interest and Tax, jumped 26% in 2021 to 267 million euros ($290 million), with 135 million from BayWa r.e..

Swiss Infrastructure Investor, Energy Infrastructure Partners (EIP), owns 49% of BayWa r.e.

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