Introduction to the project
The Solarpark Oberthal will be an approximately 6.9 MWp ground-mounted photovoltaic installation located in the municipality of Oberthal, in the district of Sankt Wendel (Saarland, Germany). The site lies in a rural area with good solar irradiation, stable grid access and land already secured for energy use. With all permits in place, the civil work and electrical work is scheduled to begin in November 2025 which includes the route to connect the PV system to the grid. Full commercial operation is scheduled to begin in June 2026 (first feed-in already planned for early February 2026).
The project benefits from a clear revenue framework under the German Renewable Energy Sources Act (EEG), having successfully secured a tariff in the federal auction scheme. This tariff can be claimed if the EEG-compliant commissioning (first electricity production on site; no actual grid feed-in necessary yet) takes place latest by February 6, 2026. Should this timeline not be achieved, the developer has already prepared to secure revenues through a medium-term power purchase agreement (PPA). While PPAs typically result in lower tariffs than the EEG, they still provide economically feasible, contracted revenues.
Environmental impact: The site, previously used for agricultural purposes, will be repurposed to generate renewable electricity while enhancing local biodiversity through adapted land management and ecological compensation measures.
Regional contribution: Oberthal is part of a region historically shaped by energy-intensive industries. By hosting a modern solar power plant, the municipality actively contributes to the transformation toward cleaner, future-oriented energy generation.
Optimal project setup: With secured land lease agreements, grid connection rights, and a signed EPC contract which includes the supply of the components, Solarpark Oberthal is fully prepared for realization. The project will either be retained in the developer’s portfolio or sold after commissioning, depending on market conditions.
Status of the project:
Ready-to-Build
All necessary permits and land lease agreements are secured, the grid connection has been confirmed, and contracts with EPC and component suppliers are signed. Construction is expected to begin in November 2025, with EEG-compliant commissioning planned for early February 2026 and full commercial commissioning scheduled for June 2026.
Risk Mitigation Measures:
The financing includes measures such as a limited guarantee from FOX ON ENERGY GmbH (up to 15% of the subscription volume, max. €442,500), assignments of payment claims, and a pledge of the project company shares. A dividend lock-up applies until full bond repayment. As the realizable value of collateral cannot be guaranteed and depends on various factors, the bond finances a maximum of 80% of planned CAPEX, with the remaining share provided by the developer.
Electricity production*:
Expected annual generation of approximately 6.9 MWp.
Equivalent to the electricity consumption of around 2,300 households.
*The project has secured an EEG feed-in tariff through the German federal auction scheme, which secures predictable cashflows once the EEG-compliant commissioning takes place latest by February 6, 2026. This commissioning date is critical to maintain the EEG award, although only a first electricity production on site without an actual grid feed-in is sufficient to secure the tariff. Should this timeline not be achieved, the developer has prepared to conclude a medium-term power purchase agreement (PPA). While PPAs generally provide lower tariffs than the EEG, they still ensure contracted and expected economically viable revenues.
