Municipal utilities start PV crowdfunding

Interest of up to 1.5 percent

Participation is open to all electricity customers of the utility. The “SonnenTeam” finances new PV systems. The investors grant a qualified subordinated loan for selected renewable energy projects. In return, they receive interest of up to 1.5 percent.

Städtische Werke Eco GmbH, a 100 percent subsidiary of Städtische Werke, is responsible for processing. It was therefore founded to finance regional regenerative generation plants.

PV system on the roof of the transport company

SonnenTeam investors invest between 500 and 5000 euros. You get up to 1.5 percent annual interest. In addition, they purchase regional electricity, which is also produced in the plants. The term of the loan is five years.

The first project in which interested citizens from Kassel and the region can participate is the new photovoltaic system on the roof of the Kasseler Verkehrs-Gesellschaft (KVG) depot in the Wilhelmshöhe depot.

750 kW peak power

“The system is the SonnenTeam’s first project and, with a peak output of almost 750 kW, one of the largest in the city. KVG uses most of the electricity itself,” explains Michael Maxelon, CEO of Städtische Werke and KVG.

“It is also a joint project between the two KVV subsidiaries KVG and Städtische Werke,” adds fellow board member Olaf Hornfeck. Roof owners who have not yet given any thought to photovoltaics could contact the municipal utility. “We then bring them together with interested investors and thus realize further projects,” says Hornfeck. (jk)

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