The first phase of the project was commissioned in 2009, the second and third in 2010.[3] All phases were developed by Unlimited Energy GmbH. Phase I was sold to LQ Energy GmbH, a joint venture of Q-Cells International and LDK Solar. In 2011, Finsterwalde I was sold to LHI Leasing, a joint venture of Landesbank Baden-Württemberg and Nord/LB.[4]
In 2010, Unlimited Energy sold phase II and III to Q-Cells International. In 2011, Q-Cells sold Finsterwalde II and III to Blue Forrest Solar Holding, a joint venture of DIF Infrastructure and the NIBC European Infrastructure Fund.[5]