DGAP-Adhoc: S.A.G. Solarstrom AG receive refinancing for Orosolar GmbH & Co. KG in the amount of EUR24.1 million

S.A.G. Solarstrom AG / Miscellaneous

02.07.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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S.A.G. Solarstrom AG receive refinancing for Orosolar GmbH & Co. KG in the
amount of EUR24.1 million
- New external financing of Orosolar fund completed quicker than
  originally expected 
- Orosolar includes photovoltaic solar power plants in Wolfsburg (Germany)
  and Spanish plants in  Morón de la Frontera, Albacete,Espejo and Jumilla 
- S.A.G. Solarstrom continue to retain 37.07 % of the lucrative fund 

Freiburg, July 2, 2009. As a result of the now signed external financing
agreement of Orosolar GmbH & Co. KG totalling EUR24.1 million, S.A.G.
Solarstrom AG (security identification number: 702 100, ISIN:
DE0007021008), Freiburg, will receive an inflow of liquidity in the amount
of EUR22.6 million; EUR1.5 million of the external financing volume will
remain as a liquidity reserve with interest charges in Orosolar. The
Orosolar fund, intended for private investors, includes the 1.1 MWp
roof-top system on the Volkswagen workshops in Wolfsburg (Germany), the 2.2
MWp freestanding plant in Morón (Spain) as well as other Spanish
freestanding plants in Albacete, Espejo (Córdoba) and Jumilla (Murcia).

Up to now, the fund has been financed through a loan granted to Orosolar
GmbH & Co. KG by S.A.G. Solarstrom AG. Thanks to external financing of
EUR3.4 million from the Deutsche Kreditbank AG and EUR20.7 million from the
Spanish subsidiary of the Triodos Bank NV, Zeist (Netherlands), S.A.G.
Solarstrom AG's growth opportunities have improved considerably. The credit
negotiations and arrangements were dealt with much more quickly than is
usual with transactions of this nature. 'The high-quality, profitable
projects we have planned and designed have even convinced the financing
banks. No other banks would have dealt with this issue so quickly and on
such a professionally ethical and sustainable basis as has been possible
with the Triodos Bank and the Deutsche Kreditbank in Germany,'  says
Christoph Koch, CFO of S.A.G. Solarstrom AG.
The transaction was also assessed positively by the financing banks:  'The
Triodos Bank has extensive technical expertise and experience in the field
of renewable energies, particularly in the area of solar energy. In our
investments in the photovoltaic field, we always consciously focus on
high-quality plants.  S.A.G. Solarstrom AG have fully convinced us with
their concept and the realization of their projects, based on
high-quality,'  says Martín Guiñazú, Director of the Department for
Companies and Insitutional Customers of the Triodos Bank NV, branch office
Spain.
Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG, is also very satisfied with
the funding: 'This has enabled us to reach a significant milestone in our
plans for strong growth in 2009 earlier than expected - we are still
anticipating a sales volume of EUR125 million to EUR140 million and an EBIT
in the range of EUR5 million to EUR8 million.' 

Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com 
Investor Relations:
Veit-Gunnar Schüttrumpf
Phone: +49- (0)761-4770-368
e-mail: ir@solarstromag.com
Public Relations:
Jutta Lorberg 
Phone: +49 (0) 761 / 4770-311
e-mail: presse@solarstromag.com


DGAP 02.07.2009 
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