DGAP-Adhoc: solarhybrid AG: Acquisition of Israeli project pipeline

Solarhybrid AG  / Key word(s): Miscellaneous/Weiteres Schlagwort

12.01.2012 08:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc-Release according to § 15 WpHG

Thursday, 12 January 2012

Acquisition of Israeli project pipeline

solarhybrid AG, Brilon, announces the acquisition of project rights for PV
systems with a total capacity of approx. 201 MWp. Several minority
shareholders own on average 22% of these projects, the largest among them
being Ormat Systems Ltd, Yavne, Israel. The projects were acquired by the
newly founded subsidiary solarhybrid Israel, Tel Aviv, from the estate of
the insolvent Sunday Energy Ltd., Ra'anana, Israel. The purchase
consideration consisted of a one-time payment of NIS 9 million and an
earn-out payment of NIS 240 per realized kWp.


About solarhybrid AG:

solarhybrid AG is project developer and general contractor for turn-key
photovoltaic power projects at utility scale. The company offers the
following services:

- Project development and co-development 
- Financing and structuring 
- Sale to investors 
- Engineering, procurement, and construction services (EPC contracting) 
- Operation and Maintenance (O&M)

Project financing, structuring and marketing are all carried out by
solarhybrid capital management GmbH, a wholly owned subsidiary of
solarhybrid AG. A list of references with a total capacity of 266 megawatts
(both completed and commissioned projects) is proof of the company's
expertise in technical, organizational and financial project management in
2010 (48 MWp) and in 2011 (218 MWp). For the year 2012 a project pipeline
exists in the countries of Germany and Italy with a total capacity of 323
MWp. Further projects in Germany, Italy, South and North Africa, Israel and
the USA are in negotiation. solarhybrid focuses on a strategy of 'growth
through project size, not by the number of projects.' In 2010, the average
project size was 7 MWp and 20 MWp in 2011 already.

The company is run from its locations in Hamburg, Frankfurt and Brilon. In
addition to these, there are also local companies in Italy, the Middle East
and the United States. Company shares are traded on the General Standard of
the Frankfurt Stock Exchange.

Contact:
solarhybrid AG
Albert Klein CFO 
Phone: +49 (0) 2961 / 9 66 46 - 0 
akk@solarhybrid.ag

edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop 
Phone: +49 (0) 69 / 90 55 05-51 
solarhybrid@edicto.de


12.01.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Solarhybrid AG
              Keffelker Straße 14
              59929 Brilon
              Germany
Phone:        +49 (0)2961 966 460
Fax:          +49 (0)2961 966 46 66
E-mail:       ir@solarhybrid.de
Internet:     www.solarhybrid.ag
ISIN:         DE000A0LR456
WKN:          A0LR45
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin
 
End of Announcement                             DGAP News-Service
 
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