Martin Tauschke, CEO of SUNfarming GmbH: “We are proud that in 2020 we were once again able to demonstrate our earning power despite the effects of the pandemic. We are just as happy about the positive start into the 2021 financial year and the successful full placement of our listed debut bond. We will do everything in our power to live up to the trust of our investors and to establish ourselves as a reliable issuer on the capital market over the long term.”
SUNfarming GmbH recorded a successful 2020 financial year based on preliminary figures. SUNfarming was able to increase earnings before interest, taxes, depreciation and amortization (EBITDA) by 29.4% from EUR 1.7 million to EUR 2.2 million. This corresponds to an improved EBITDA margin of 7.9% after 4.7% in the previous year. The annual surplus increased by 87.5% from EUR 0.8 million to EUR 1.5 million. The positive development is also reflected in the equity ratio, which rose from 24.7% to 34.9%.
For the 2021 financial year, SUNfarming expects to improve both sales and earnings. In the 1st quarter, projects with an installed capacity of approx. 5 MWp and in Poland of approx. 3.9 MWp were successfully implemented. In Germany there were seven roof-top projects with a total output of 3.5 MWp and two ground-mounted systems with an output of 750 kWp each.
For the rest of the year there are currently around 27.3 MWp of new projects being planned and implemented. More than 60% of these consist of free-field PV projects that are subject to tendering with a capacity of over 750 kWp, around 20% consist of classic EEG-compensated free-field systems with an output of up to 750 kWp and around 20% roof systems with a total output of over 100 kWp. In addition to the new projects, around 29 MWp of project expansions are being implemented, of which the first two projects will be completed in the second quarter. In addition, several major projects of 20 MWp and more are in development for 2022.
After several months of preparation, SUNfarming signed a PPA with the Togolese state on Thursday, January 16, 2020, for over 50 MWp Food & Energy plants. Installed on 2 x 50 hectares of land, the systems, in addition to supplying energy, are intended to help up to 50,000 people in the region receive training in the area of organic vegetable and egg production in the next 10 years. In addition, technicians are trained for the solar sector and the basics of electromobility are taught. Like in all other African countries, SUNfarming strives to actively involve GIZ and or KfW / DEG.
The SUNfarming Food & Energy facility will be the starting signal for a program to promote rural structural development in Togo. The partner in Togo is the CCIT (Chambre de Commerce et d’Industrie du Togo, part of the Ministre du Commerce. It is responsible for the training and operation of the Food & Energy plants, under the guidance of SUNfarming. German storage and processing technologies in the field of vegetables and egg processing are as much part of the overall project as the production planning of e.g. tomato juice and ketchup to attract additional investors in these areas.
The SUNfarming Food & Energy concept can make a significant contribution to the success of the “Development Program in Rural Areas” planned by the Togolese government. In addition to a qualified workforce, this project also provides national and international investors with the energy they need to operate the processing plants that are to be built on site.
(Foto left to right:
Vice President CCIT Remie Moevi, President CCIT Germain Méba, Marc Bidamon, Energy Minister Togo, Peter Schrum, SUNfarming, Tiem Bolidja, Energy Ministry responsible for EE, Prinz Lorenzo Koageh Director SUNfarming Togo, Kossi Amétépé, CCIT 2. Vice President GLE.)
As part of the G20 initiative Compact with Africa (CwA), for the second time Chancellor Angela Merkel invited the twelve heads of state and government of the African Compact partner countries as well as South Africa to Berlin as G20 partner of the initiative for November 19, 2019.
On this occasion, the Africa Association of German Business, together with the Sub-Saharan Africa Initiative of German Business (SAFRI), organizes the “G20 Investment Summit 2019 – German Business and the CwA Countries” in Berlin. The investor conference is under the patronage of Chancellor Dr. Ing. Angela Merkel. The Chancellor will take part in the conference together with her guests and open it up solemnly.
The conference is aimed at high-ranking representatives of German companies and their partners from the African CwA partner countries. The focus is on lighthouse projects of German companies and economic reform projects in the CwA countries.
The event will feature companies with Africa commitments – and those with investment projects in CwA countries (Egypt, Ethiopia, Benin, Burkina Faso, Côte d’Ivoire, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo, Tunisia), but also with projects in other countries – the opportunity to position oneself in a high-level political environment with strong media support and to make current activities visible.
“We are pleased to be presenting our Food & Energy Training Project for Togo to such an important audience at the G20 Summit. After nearly 20 years of project experience in Africa, we can say that only in a politically stable country with the help of reliable local partners such as Prince Lorenzo of Togo, European technologies, PPP partnerships with industry and long-term and reliable project management are safe investments guaranteed, “explains Peter Schrum, founder and main shareholder of the SUNfarming Group.
“With the help of KfW / DEG and GIZ, Food & Energy has been further developed over the last 12 years as PP partnership projects, so that it is economically scalable and can now be reliably implemented in Togo at 60ha with 30 MWp of energy output. The project can provide training and a job for up to 30,000 people within just 10 years”, continues Peter Schrum.
As every year, the interest in our products and projects has been great and our SUN farmers have had many concrete discussions with local and international partners from Europe, Africa and Latin America in order to initiate projects and to further develop current projects. In addition, contacts with suppliers and technical production partners and banks as well as international financing institutions were expanded. The DKB (Deutsche Kreditbank AG) and the ING Bank visited our stand, as well as the international banks FMO (Dutch Development Bank) and the World Bank subsidiary IFC, to discuss the development of relations in the financing of German and international projects of the SUNfarming Group.
Delegations, among others from Angola, Brazil and the Congo, learned in conversations with our expert project managers about the outstanding developmental possibilities of our product
“SUNfarming Food & Energy”.
“The demand for on-roof PV systems for commercial and industrial plants with an installed capacity of less than 750 kWp has risen sharply. From December 2018 to February 2019, we completed 9.14 megawatts. Together with the ground-mounted systems with less than 750 kWp, we have a volume of approx. 20 MW in Germany alone, which we realized in our own investment in the last six months, “explains Martin Hinneburg, Head of Purchasing and Calculation.
“We are very satisfied with the fair days! In addition to existing customer care, we were able to make many new contacts, which will be very helpful to us on the path of internationalization of the project business. We will exhibit again at Intersolar next year, “says Martin Tauschke, CEO of SUNfarming.
The municipalities of Reisdorf, Wegleben, Wolmirsleben, Harzgerode, Hennickendorf and Zahna are committed to sustainability with the construction of solar energy systems, thus making a valuable contribution to a regional energy supply. The plants were partly completed in November or EEG compliant completed until 31th of decembre this year, the grid connection is a short time later.
Each 750 kWp plant supplies clean and green electricity for more than 240 households. The CO2 savings per plant are 440,000 kg / year, on average as many as 165 middle-class cars (8l / 100km) emit per year.
“Our range of investors spans the entire breadth, from project development to service and monitoring, all from one source. We have developed a unique quality assurance system for banks and investors. Our PV components are based exclusively on high-quality materials. In addition to the certification by the TÜV Rheinland and the Photovoltaikinstitut Berlin, SUNfarming experts for quality assurance check the module factories unannounced and monitor the production for all technical components according to a particularly strict system.
An average of 7% additional capacity from our systems over the past few years confirms the premium quality of our components, “explains Martin Tauschke, SUNfarming Managing Director.
The Bahamas Hybrid Center offers renewable electricity and renewable mobility combined with food production, all coupled to a one-site training programme – a very unique concept.
The German companies SUNfarming GmbH and bioltec systems GmbH , in cooperation with the Bahamian company 700 Islands Energy, have set up a hybrid center for renewable energies at the Windsor High School in Albany, Nassau.This project is part of the worldwide dena Renewable Energy Solutions Programme coordinated by the Deutsche Energie-Agentur (dena) – the German Energy Agency – and supported by the German Federal Ministry for Economic Affairs and Energy (BMWi) within the German Energy Solutions Initiative.
More than 40 political, business and university guests attended the opening ceremony on the campus of Windsor High School.
After the opening speech by Peter Schrum, company founder and main shareholder of SUNfarming, guests had the opportunity to visit the center, accompanied by knowledgeable experts who gladly answered all questions.
In this Hybrid Center, a greenhouse with roof integrated photovoltaic panels, electricity is generated from sunlight, while vegetables, fruits, flowers or medicinal herbs are grown indoors with high yield. The integration of renewable energy into a combined heat and power plant generates electricity and hot water at the same time. A smart grid management system makes the power together with a battery storage as a 24/7 stand-alone solution and / or grid-connected. Electric and fuel vehicles clearly demonstrate renewable mobility.
At the same time, SUNfarming and bioltec are striving to promote climate and resource protection, to shorten regional value chains, to provide energy, to create jobs and ultimately to increase the quality of life sustainably. The competencies of both companies have been integrated into the design. Demonstration, training, application and technology transfer of proven leading-edge technologies are the keywords for this “Bahamian – German Hybrid Center”. In addition, it provides the foundation for future collaborative research and development, including business models for commercial applications. The partners bring together different systems integration technologies, whether for off grid or grid-connected applications that are adaptable to local conditions and customer needs.
SUNfarming GmbH has received an order for the turnkey construction of 5 MW solar plants from investment companies of the Schrum-Tauschke family. The projects have been successfully developed by SUNfarming GmbH for the last few months. These are 750 kWp free-field installations as well as roof-top plants of various sizes within Germany. The construction is expected to begin at the end of July. The order volume is approximately EUR 6 million. The investments are financed via the GLS Community Bank EC. The credit agreements have been signed by the investment companies this week.
“Unlike in the PV industry, we offer a one-stop service, from project development to service and monitoring. We have developed a unique quality assurance system for banks and investors. In our PV components, we rely exclusively on high-quality materials, in addition to the certification by TÜV Rheinland, checked by SUNfarming experts for quality according to a particularly stringent system.
An average of 7% more performance of our plants in recent years confirms the premium quality of our components “, explains Martin Tauschke, SUNfarming managing director.
As one of the ten largest German companies in the field of solar PV, the SUNfarming group has acquired its competence in the field of renewable energy over the past 14 years with more than 500 MWP solar systems as free-field and roof-top plants in Germany and worldwide, of which 115 MWP in its own investment Our group of companies is economically active in the project development, financing, realisation and operation of solar plants and related concepts such as agro-photovoltaics and e-mobility.
The interest in our products and projects was as big as every year and our SUNfarmer have held many concrete discussions with local and international partners from Europe, Africa and Latin America in order to create projects and to further develop current projects. In addition, contacts with suppliers and banks as well as international financial institutions were expanded. Among others, DKB (Deutsche Credit Bank AG) and GLS (Community Bank EC), as well as the international banks FMO (Dutch Development Bank) and the World Bank subsidiary IFC visited our stand to look at the development of relations in the financing of German and International projects.
Franz Alt, a multi-award-winning journalist and author, was also a welcome guest at our booth. Many years of political commitment to the “Solar World Revolution” combine Franz Alt and Peter Schrum, SUNfarming founder and honorary president of the BRM (Federal Association for Regenerative Mobility e.v.).
A delegation of the Ministry of Energy of the Dominican Republic under the direction of Clemens Findeisen, GIZ project manager to promote the energy turnaround to achieve the climate goals in the Dominican Republic, informed himself in a conversation with Peter Schrum about The outstanding development policy possibilities of our product “SUNfarming Food & Energy”. The mayor of Hanoi and his economic delegation also showed great interest in this product.
“The SUNfarming has adapted its business model for Germany to the EEG 2017. We have been developing and building successfully 750kWp systems since the end of last year and will continue this 2018 with a volume of approx. 20MW. The already existing business model of own-power plants for trade and municipalities will also be further expanded in 2018, explains Martin Hinneburg, purchasing and sales service.
“We are very pleased with the Fair days! In addition to the existing customer care, we were able to establish many new contacts, which will be very helpful on the way to internationalization of the project business. We will be on Intersolar again next year, “said Martin Tauschke, SUNfarming co-founder and managing director.
Job creation, food production and self-sufficiency are objectives that SUNfarming has set itself to combat the causes of migration and flight.
Peter Schrum, founder and principal shareholder of the SUNfarming Group, visited various African countries during his trip abroad in February. The agenda included Namibia, Zambia, South Africa, Tanzania and Mauritius. Together with presidents, ministers and stakeholders, the potential of the Food & Energy projects was discussed for job creation, self-sufficiency in regionally grown food and solar energy production. Talks were also held with representatives from Ethiopia and Senegal and project-preparatory steps were initiated.
Peter Schrum:“Global warming is increasing, which has a devastating effect especially in already arid and drought affected areas in Africa. The result are major refugees flows, our aim is to create help for self-help for the people in their home countries. Our agro-solar greenhouses can produce food even in arid areas with water savings of up to 90%. The solar modules installed on the roof of the greenhouses produce electricity that can be used in the communities. It will create up to 1000 new jobs, including 500 franchise partner, in 10 years per MW/2ha”.
Our title photo shows Peter Schrum with the President of Mauritius Mrs. Ameenah Gurib-Fakim and members of SUNfarming in the government building in Port Louis.
More than 11 million kilowatt hours of electricity are produced by the two solar parks with a total capacity of 6.64 megawatts a year. The Co2 savings are around 8,300 tonnes annually.
3,358 kWp were completed in the Aegean province of Denizli and 3,279 kWp in the Anatolian province of Kayseri. The major projects were implemented by SUNfarming Eurasia. Commissioning took place in December 2017.
Denizli has about 1 million inhabitants. The province is located about 200 km from the Turkish Aegean coast and is known for its healing waters and thermal baths. The economy of the region consists mainly of the textile industry and winegrowing. The project was developed by the SUNfarming Eurasia team, the property with 69.100m2 is the property of SUNfarming Eurasia.
Kayseri is located about 280 km south-east of the capital Ankara and has about 1.2 million inhabitants.
Develi, a suburb of Kayseri, has about 60,000 inhabitants and lies behind the Erciyes Mountains. The land was leased to 30 years, with a 10-year extension option.
With solar radiation of around 1,600 kWh / kWp in Kayseri and 1,660 kWh / kWp in Denizli, both regions offer the best solar yield for the production of renewable energy and make a global contribution to climate protection.