City Solar AG

About City Solar

City Solar AG was a German solar company based in Bad Kreuznach that specialized in the development, construction and operation of large-scale photovoltaic power plants. The company handled complete project development and organization – from planning and the acquisition of suitable sites and the securing of financing to the execution of construction work by subcontractors and the subsequent operation of the power plants. Founded in 2003 by Steffen Kammler and Stefan Kasterka, the company grew to 150 employees and annual revenue of over 120 million euros by 2008. Projects included a 1.4-MWp system at Saarbrücken Airport as well as the Beneixama PV power plant in Spain, which upon completion in 2007 was considered the largest PV power plant in the world. Further projects were under preparation, among others in Germany, Italy and Greece. Insolvency proceedings were opened in January 2009.

Site

Bad Kreuznach

Processes

Project development of solar power plants, Planning, Site acquisition, Financing, Construction (via subcontractors), Operation of the power plants

Founded

2003

Employees

150

Industries

Solar Energy/Photovoltaics, Renewable Energies

1. 01

   Project development

2. 02

   Site acquisition

3. 03

   Planning

4. 04

   Financing

5. 05

   Construction (via subcontractors)

6. 06

   Operation of the power plants

Locations

Company History

1. 2003

   Founded by Steffen Kammler and Stefan Kasterka; first project: 1.4-MWp system at Saarbrücken Airport (completed January 2004)

2. 2007

   Construction of the Beneixama PV power plant (Spain), at that time the largest PV power plant in the world; German Solar Prize for the "Sonne für Kinder" foundation

3. 2008

   150 employees, revenue of over 120 Mio. €; final round of the German Founder Prize (category "Rising Star")

4. 2009

   Insolvency (January 2009), also at the subsidiary City Solar Kraftwerke AG; arrest of the managing director in August

5. 2010

   Managing director sentenced to six years in prison for bankruptcy fraud, breach of trust and false statements