DGAP-News

R. Stahl building 6 MWp solar park at Waldenburg site

DGAP-News: R. Stahl AG / Key word(s): Sustainability R. Stahl building 6 MWp solar park at Waldenburg site 09.12.2021 / 10:17 The issuer is solely responsible for the content of this announcement. R. STAHL building 6 MWp solar park at Waldenburg site

Waldenburg, 9 December 2021 - A ground-mounted photovoltaic installation with a rated output of 6 MWp will cover a significant portion of R. STAHL's electricity consumption at the Waldenburg site from the end of 2021 and will also feed green electricity into the public grid

The R. STAHL Executive Board has approved the €3.8 million investment for a ground-mounted photovoltaic system at the Waldenburg site. The solar park is being built on the company's grounds, directly east of the existing buildings, and is scheduled to go into operation in the fourth quarter of 2022. The system will consist of 11,070 modules and cover an area of nearly 4 hectares.

With an annual output of approximately 6 gigawatt hours, the volume of climate-neutral electricity generated will be around 40% higher than the explosion protection expert's own electricity requirements at the Waldenburg site. The excess electricity will be fed into the local power grid. R. STAHL expects the investment to pay for itself after six years at the latest.

"The solar system will allow annual savings in the mid-six-digit range to be generated from the first year onwards. Financing, which has already been approved, will be carried out within the framework of a leasing agreement with our partner, Würth Leasing GmbH & Co KG, Albershausen; this means that, from today's perspective, the investment will be cash flow positive already in the first year", says Philipp Öhler SVP Corporate Finance & Controlling as well as Project Manager for the solar park at R. STAHL.

The plant will save 2,200 tons of CO2 emissions annually; there will still be space for flora and fauna in the open space beneath the solar panels, which will be erected as a post and beam construction.

With this step, the globally active group has once again demonstrated its commitment to Germany as a production location and is investing in securing the future of its plants. For the Group's other German sites (Cologne and Weimar), evaluations are currently underway for further solar park projects.