LBBW enables construction of hybrid power plant-expansion of the wind farm by PV system

LBBW enables construction of hybrid power plant-expansion of the wind farm by PV system

The Landesbank Baden-Württemberg (LBBW) extends its financing for regenerative energy projects and enables the construction of an integrated photovoltaic system (PV system) in Grafenschlag, Lower Austria. This system will complement the existing wind farm and create a hybrid power plant. The PV system will have a maximum output of 9.24 megawatt peak and is the largest solar project of Web Windenergie AG (W.E.B).

The LBBW already supported the financing of three wind farms in the amount of around 76 million euros in 2021. This financing is now being supplemented by the PV system. The overall financing also includes funds from the Reconstruction Credit (KfW).

The bundling of wind and solar energy in a hybrid power plant offers several advantages. Since the wind turbines and the PV system are close to each other, the generated electricity can be fed into the network via a common connection. This enables more constant feed -in into the network and network connection costs can be saved. In addition, the PV system is an AGRI PV system in which agricultural use of the area under the solar panels is still possible.

Alexander Bagiaos, responsible for the financing of projects in the field of renewable energies at LBBW, emphasizes the successful cooperation with W.E.B and support in the sustainable transformation. Jens Heil, Head of the Sustainable Energy Finance department at LBBW, adds that infrastructure projects of this kind are promoting the expansion of renewable energies and contributing to sustainable transformation.

In an earlier project, LBBW has already supported the financing of parts of the Germany network in order to enable the expansion of a tight -meshed, comprehensive quick charging infrastructure for electric vehicles in Germany.

Table:

| Location | Grafenschlag, Lower Austria |
| Power of the PV system | 9.24 Megawatt Peak |
| Financing of the LBBW | Around 76 million euros |
| Type of system | Hybrid power plant (wind power + solar power) |
| Area of the system | AGRI PV system-agricultural use under the solar panels possible |

This collaboration of the LBBW with the W.E.B and the expansion of regenerative energies is also of local importance. The construction of the hybrid power plant creates jobs and the regional economy strengthens. The expansion of the existing wind farm by a PV system enables more efficient use of the existing resources and contributes to the energy transition.

The financing of the hybrid power plant by the LBBW is an important step on the way to the energy transition and to achieve the climate goals. By promoting regenerative energy projects, the LBBW helps to advance the expansion of renewable energies and to reduce CO2 emissions.

The LBBW has already been involved in sustainable projects and supporting the energy transition in the past. The financing of the PV system in Grafenschlag is another example of the commitment of the bank in this area and shows that the LBBW plays a central role in the financing of regenerative energy projects.

Overall, one can say that the financing of the hybrid power plant in Grafenschlag by the LBBW not only has local effects, but also makes an important contribution to the energy transition and climate protection. The bundling of wind and solar energy enables more constant feed-in into the network and at the same time saves costs. The PV system as an AGRI PV system continues to enable agricultural use of the area. By promoting regenerative energy projects, the LBBW sets a positive signal for sustainable transformation and the expansion of renewable energies in Germany and International

Source: Baden-Württemberg (LBBW)/OTS