DGAP-News: Global EcoPower S. A.: : accelerating operational development

Global EcoPower S. A. / Miscellaneous

05.05.2010 13:10 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
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Global EcoPower: accelerating operational development

Driven by the dynamic photovoltaic sector in France and the attractive
regulatory framework, Global EcoPower accelerates its operational
development. The finalization of various strategic partnerships will allow
the group to launch its first achievements this year.

Implementation of the Agreement signed with the Group T- Solar 

Pursuant to the agreement signed between Global EcoPower and T- Solar on
January 9th 2010, a joint company called T - SEP was created and the two
groups have developed and signed a shareholders ' agreement. The objective
of this joint venture is to develop and build 120MW installed capacity by
the end of 2012. Within the portfolio of Global EcoPower, both parties have
already identified several projects which should be operational by the end
of 2011.

A Memorandum of Understanding signed with the company Van Der Hoeven

 Global EcoPower and Van Der Hoeven, Dutch specialist in the  construction
of greenhouses for over 50 years, signed as of 20th  April 2010, a
memorandum of understanding  for the joint development in France of an
innovative type of photovoltaic greenhouse. A pilot unit was built on the
site of the Dutch partner. After validation of the technical solution,
Global EcoPower and Van Der Hoeven will create a joint venture, called VDH
EcoPower, which will have the exclusivity on the French territory for all
projects of photovoltaic greenhouses that both parties will build. This
concept allows to keep agricultural vocation of the ground while benefiting
from tariff of 42 cEUR / kWh for electricity produced on the roof. This
incentive price advantageously offsets the extra cost of the greenhouse.
There is no doubt that these achievements, subject to different rules of
urbanism, will allow relevant development of photovoltaic plants in
agricultural areas.

A diversified project portfolio in constant progression

With an attractive framework confirmed by the French Government on January
12th, Global EcoPower has secured new operations and increased its projects
portfolio. At the beginning of 2010, the portfolio consisted of 36 projects
for an installed capacity of 270 MW; to date, the group works on 43
projects for an installed capacity of 314MW (practically divided equally
between ground installations and PV greenhouses). Also, Global EcoPower won
two tenders with municipalities in the South of France, Curbans and
Saint-Marcel d'Ardèche, for a total installed capacity of approximately 30
MW.

 

A strategy tailored to its ambitions

Global EcoPower expects:

  - To build part of the projects for its own account, mainly from projects
    co-developed with T-Solar

  - To sell to institutional investors (insurance companies, specialized
    funds.) operational turn key projects

  - To sell authorized projects (building permit obtained and free of any
    recourse from third parties) to utilities willing to enter the
    attractive photovoltaic French market

About GLOBAL ECOPOWER:

 Based in Aix en Provence, listed on the Marché Libre NYSE Euronext Paris
and on the Open Market (Freiverkehr) in Francfort, Global EcoPower has been
created in 2008 with a seasoned team of successful entrepreneurs in the
renewable sector, engineers and project finance professionals. Supported by
a  strong local lobbying, the company is developing solar power projects in
the South of France and covers all development stages leading to
electricity production, like land prospecting, signature of leases,
technical studies, modeling, financial optimization and project finance,
impact studies, grid connection, licensing, panels supply, building
organization, piloting and coordination till commissioning, operation and
maintenance.

For more informations:

Philippe Perret 

+33 4 42 24 50 16 

contact@global-ecopower.com

www.global-ecopower.com


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