Dresser-Rand Group, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, power, and process industries has signed agreement with MBB Clean Energy under which MBB Clean Energy acquisition of three power plants designed, built and commissioned by Dresser-Rand in Italy.
The power plants represent 11 MW of renewable energy to be added to MBB Clean Energy’s renewable energy portfolio.
MBB Clean Energy aims to become one of the leading clean energy producers in Germany, with the acquisition and operation of European and International energy projects. The company plans to build up a power plant portfolio with a nominal capacity of 1.500 Megawatt (MW).
Dresser-Rand will provide long term O&M services which should be beneficial to MBB Clean Energy and is consistent with Dresser-Rand’s business model to stay integrally involved with its equipment throughout its total life cycle.
The plants are in full operation with approved feed in tariffs. The plants, with a total collector area of 77,680 sqm, consist of 44,764 polycrystalline silicon solar modules with an output of 245 Wt that, in 2012, produced an energy yield of about 16 million kilowatt hours.
This corresponds to an annual electricity consumption of approximately 4,000 households.
Dresser-Rand, as a global leader in energy solutions, has provided hundreds of power generation and renewable energy solutions, including a substantial number of photovoltaic power plants all over the world, and is a leading supplier of equipment and solutions.
The Parties have agreed to finalize the closing and payment of the acquisition of the power plants by October 31, 2013, subject to customary closing provisions.