R. Stahl to build 6-MWp solar park near German plant

German explosion-protected electrical and electronic products maker R. Stahl AG (ETR:RSL2) will invest EUR 3.8 million (USD 4.29m) to build a 6-MWp solar park in the town of Waldenburg in Baden-Wuerttemberg that will supply green electricity to its nearby production site.

The ground-mounted park will feature 11,070 solar modules that will be installed on a company land of almost 4 hectares (9.88 acres) near the Waldenburg plant, R. Stahl said on Thursday. Once up and running in the fourth quarter of 2022, the facility will generate about 6 GWh of electricity annually which is 40% more than the production site needs. The excess electricity will be fed into the local grid.

The solar farm will save 2,200 tonnes of carbon emissions annually and result in cost savings in the mid-six-digit euro range per year from the first year of operation.

The Waldenburg-based company is considering more solar projects for its plants in Cologne and Weimar. It is also planning to apply for financial support from development bank KfW to build a network of up to 50 charging points for electric vehicles from its fleet.

(EUR 1 = USD 1.130)

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