Conergy secures investment for Pakistan project

German PV company Conergy has reportedly secured €60-70m investment as part of an order from US-based DACC Global to build Pakistan’s largest ever solar plant.

The 50MW plant will be jointly built alongside Hong Kong project developers Ensunt Holdings with Conergy retaining overall control in design, engineering and planning.

The news will be welcomed by Conergy which posted a loss after tax of €162m in 2011.

Conergy chief executive Philip Comberg told Reuters: “This project is another step forward in our interesting project pipeline for 2012. It underlines the relevance of the Asian solar markets, their growth potential and further reflects Conergy’s excellent market access, global footprint and ambitions in Asia.”