German solar group Q-Cells will build Europe's largest solar park after finding two investors for the 91 megawatt (MW) project, boosting its shares by nearly 16 percent.
The solar park — located near the city of Brandenburg an der Havel, about an hour west of Berlin — will power 22,500 households and will be completed by the end of the year, Q-Cells said in a statement.
"We are pleased to have gained two experienced investors in the large-scale photovoltaic applications business," Chief Executive Nedim Cen said, pointing to asset manager LUXCARA and Berlin-based MCG Group that serve as investors for the project.
About 383,000 of Q-Cells's modules will be installed in the 200-hectare site, the company added.
