EQS-News

hep connects 21.4 MWp large-scale project in the USA to the grid

EQS-News: hep global GmbH / Key word(s): Miscellaneous hep connects 21.4 MWp large-scale project in the USA to the grid 24.11.2022 / 10:52 CET/CEST The issuer is solely responsible for the content of this announcement. hep connects 21.4 MWp large-scale project in the USA to the grid Güglingen, 24 November 2022 – The hep Group is consistently continuing its successful international solar project development. The Baden-Württemberg-based photovoltaic expert is connecting another large-scale project in the USA to the grid, the solar park Depot Solar Center LLC. The solar park covers a total area of over 60 hectares and is located in the state of Virginia. The park was planned and built by the hep Group and is now operated on a long-term basis. The more than 50,000 solar panels installed generate a total of 21.4 MWp of solar power, which is enough energy to supply approximately 2,600 households.

With hep, value creation remains in one hand

From financing to project development, construction, maintenance and operation - hep takes over all services around the solar park “Depot”. Financing, project development and project management are controlled from the German headquarters of the company. The construction of the solar park has been taken over by the experienced US solar construction company hep Petra, in which hep holds a majority stake. hep Petra will also manage the park during operation and take over all maintenance and care measures.

Reliable partner

To ensure that the park produces electricity as efficiently as possible, it will be connected to hep's own monitoring system like all other newly constructed solar parks and can be monitored around the clock from all company locations.  Thus, the interaction of modern remote monitoring with comprehensive experience results in high cost efficiency and plant availability. hep has secured attractive revenues for the produced solar power through a power purchase agreement for the next 20 years. In return, the local grid operator receives electricity at fixed prices.