BELECTRIC expands cooperation with Luxcara and takes over maintenance and operations at existing PV power plants in France

“BELECTRIC has already proved being a reliable partner for providing technical support for part of our PV power plant portfolio in France. By signing additional long-term O&M agreements with a volume of 25 MWp, we are further expanding this partnership. The most recently added power plants are older existing facilities,” explains Dr Alexandra von Bernstorff, Managing Partner of Luxcara.

BELECTRIC is one of the world’s largest service providers in the area of operations and maintenance of PV power plants and battery storage systems. The company services a global portfolio of over 1.3 GWp installed capacity. The services provided by BELECTRIC ensure earnings and value, reduce operating costs and, as a result, maximise return on investment (ROI) at currently operating PV facilities with a total value of over US$2 billion (approximately €1.7 billion). That makes BELECTRIC a market leader in Europe, Africa and the Middle East.

“We are very pleased that Luxcara has once again decided to rely on BELECTRIC’s know-how and is entrusting us with the technical operations at additional existing plants. This allows us to expand our position in the French market, where we once again expect stronger growth in coming years,” says Ingo Alphéus, CEO of BELECTRIC Solar & Battery GmbH.

BELECTRIC’s core business is the planning and construction of solar power plants and large battery storage systems for the international energy market and independent power producers (IPPs). When operating power plants, the company strives to minimise the levelised cost of energy (LCOE) while achieving the best possible balance of ecological factors. As a natural extension of this business, BELECTRIC focuses on reducing operating costs across the entire spectrum of maintenance, repair and operations (MRO) at solar facilities. BELECTRIC is one of the world’s three leading providers of O&M services for solar power facilities (Bloomberg New Energy Finance PV O&M Index 2015).

About Luxcara:

Luxcara is an independent asset manager specialized exclusively in renewable energy investments for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders Dr Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates long-term renewable energy portfolios and manages an investment volume of close to EUR 2.3 billion. Luxcara’s portfolio includes solar and wind farms in Europe with a total capacity of nearly 1 Gigawatt. With this extensive track record, Luxcara is one of the most experienced asset managers for renewable energy investments.