O&L Nexentury GmbH, a subsidiary of the Ohlthaver & List Group, recently announced that it was granted the advanced water management permit from the District Administration Office of Karlsruhe,
Germany, for the construction and operation of what will be Germany’s largest fully permitted and floating solar photovoltaic (PV) park at this point in time. The solar park willbe built on the gravel lake of sand and gravel works company, Philipp & Co KG, in Bad Schönborn, Germany. O&L Nexentury plans to commence construction of the solar park in the third quarter of 2023 with the intention for it to be operational by the end of the year.
This week, Observer Money asked Steffen Kammerer, Managing Director (MD) of O&L Europe and Co-MD of O&L Nexentury, about the future plans of O&L Nexentury GmbH and what other projects are lined up in the future.
Observer Money (OM): How much money is O&L NexenturyGmbH investing in this venture?
Steffen Kammerer (SK): The total investment value of the floating PV plant to be built in Bad Schönborn, Germany, is about N$350 million. O&L Nexentury GmbH is the project developer and Engineering, procurement, and construction (EPC) to the project. O&L Nexentury GmbH will also do the O&M with O&L Europe being an investor in the project.