At Intersolar in Munich 2016, CTF Solar is focusing on its EPC service including construction finance. This is the logical complement to its longlasting EPC service to perfectly serve customer needs to build PV Power Parks around the globe.
This year marks the 4 time that CTF Solar is taking part in Intersolar. From the 22nd to 24th of June in Hall A2, Booth A2.480, the company will be presenting its EPC service and construction finance solutions.
“Next to high quality EPC service our customers are increasingly demanding the ability to get construction finance. Individual construction finance solutions containing every aspect, from specific down-payment and re-payment terms, collaterals and other related conditions. We are able to work on a customised solution, in particular in markets like Turkey where banks do not yet have a lot of experience with solar.” observes Oliver Haller, Director Solar Parks.
At Intersolar, CTF Solar exhibits together with CTIEC, the Chinese shareholders of CTF Solar on a 216m² two floor booth. The CTF Solar booth is attended by high level management from China Mr. Wang Congxiao, Vice President of CTIEC. CTF Solar will talk about various recently achieved successes and its future business plans like the expansion to Turkey, where CTF Solar recently opened its first office in Istanbul’s Tarabya neighbourhood focusing on EPC services now but later on factory projects as well.
Just a few days ago during the SNEC exhibition and conference in Shanghai CTF Solar and its shareholder CTIEC signed several supply contracts for the delivery of production machines for a 100 MWp CdTe solar module factory in Chengdu, China. 250 Wp CdTe modules will be produced in the Chengdu thinfilm module factory. The factory building facility is built already. The technology is developed in Germany by CTF Solar and engineering for the production equipment and the construction of the factory will be completed by CTF Solar. Next to the Solar Parks EPC business CTF Solar and CTIEC design and construct turnkey CdTe production facilities including factory buildings, production lines, and all necessary equipment and services. CTF Solar will offer this service commercially from next year onwards. Some weeks before Dr. Michael Harr accompanied Germany’s Minister of Foreign Affairs Frank-Walter Steinmeier on an official visit to the People’s Republic of China as a member of a 15-person economic delegation. On the occasion of this visit Dr. Michael Harr and Professor Yin Xinjian, Vice Director of the New Energy Department of CTIEC, signed the contract concerning the cooperation between CTF Solar and CTIEC on the construction of this factory in Chengdu. The factory is to be seen in the long-term business plan of CNBM, shareholder of CTIEC, to build and sell 15 GWp of thinfilm factories worldwide. Engineering for the production equipment and the construction of the factory will be completed by CTF Solar, with key production systems coming mainly from Germany.
To take advantage of the ROCs (Renewables Obligation Certificates) bands, CTF Solar has built and commissioned three projects in England and Scotland before the April 1st. CTF Solar leveraged its extensive grid-scale solar experience to ensure these investments are profitable and will conduct O&M at all three sites. The projects are now open for investment.