Q-Cells offloads 40MW PV farms and starts-up module production

Q-Cells has sold two PV parks to a pair of European investment funds and started production of its high-efficiency Q.PEAK modules in Germany.

Last year Q-Cells said it would sell the Finsterwalde 2 and 3 arrays – totalling 40MW – to private-equity firm Good Energies and the €350m ($507m) NIBC European Infrastructure Fund, whose core shareholders are Benelux institutional investors.

However, Good Energies appears to have walked away from the deal. The projects have been sold instead to a joint venture comprising the NIBC fund and the DIF Infrastructure II Fund, which manages €600m of infrastructure and renewables assets.

The transacation was financed with long-term loans from German development bank Log in to read complete article.

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