Wind 7 AG acquires two PV installations with 2.7 MW capacity

(SeeNews) – Jan 3, 2012 – German renewables utility Wind 7 AG said on December 31 it acquired for some EUR 1.4 million (USD 1.82m) two roof-top photovoltaic (PV) installations with a total capacity of 2.7 MW.

The German company financed the purchase with equity.

One of the installation is located in Worms, in the state of Rhineland-Palatinate, and has a capacity of 1.8 MW. It was put on stream in July 2011. The other, with a capacity of 0.9 MW, is in Giengen, in the state of Baden-Wuerttemberg, and was commissioned in December.
The projects are expected to generate a combined annual revenue of EUR 680,000.

(EUR 1 = USD 1.299)

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