DGAP-News: SOLON SE: SOLON SE wins contract for additional 11 MWp project in Spain

 | Source: EQS Group AG EQS Group AG 

SOLON SE / Contract

05.11.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Berlin, November 5, 2009. SOLON SE has been selected to build another
turnkey, 11 MWp solar power plant in Spain. The contract was awarded by
Renewable Energies and Photovoltaics Spain S.L. (REPS), a majority owned
subsidiary of the Norwegian energy company Statkraft AS. The solar power
plant will be erected in southern Spain, in the Andalucian town of Espejo
and will incorporate SOLON Single Axis tracking photovoltaic systems.

Along with power plant planning and installation, the contract also covers
subsequent maintenance and operation of the installation. The agreement
will be effective as soon as the project is granted Guarantee of Power and
the final investment decision has been taken by REPS. The transaction
represents an expansion of the business relationship between SOLON and
Statkraft and will ensure additional project volume for SOLON in the
Spanish solar market. In June, the two companies had announced the
conclusion of a framework agreement on the implementation of power plant
projects in Spain for a total output of 40 MWp by the end of 2011.

Statkraft is Europe's largest renewable energy company. The Group develops
and generates hydropower, wind power, gas power and district heating, and
is a major player on the European power exchanges. Statkraft also develops
marine energy, osmotic power, solar power, and other innovative energy
solutions. In 2008 Statkraft posted gross operating revenues of EUR 3.1
billion. The group employs 3,200 staff in more than 20 countries.


About SOLON SE:
SOLON SE is one of the largest manufacturers of solar modules in Europe as
well as being a supplier of solar system technology for large-scale rooftop
and open field installations. The SOLON Group has subsidiaries in Germany,
Austria, Italy, Switzerland, and the U.S. and employs more than 900 people
worldwide. SOLON's core business is producing solar modules and
photovoltaic systems along with planning and constructing large rooftop
installations and turnkey solar power plants all over the world.

SOLON SE
Therese Raatz
Public Relations
Telefon: 030 / 818 79 - 9305
Telefax: 030 / 818 79 - 9300
E-Mail: therese.raatz@solon.com




05.11.2009  |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]

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Language:     English
Company:      SOLON SE
              Am Studio 16
              12489 Berlin
              Deutschland
Phone:        +49 (0)30 81 87 9-9305
Fax:          +49 (0)30 81 87 9-9999
E-mail:       investor@solon.com
Internet:     www.solon.com
ISIN:         DE0007471195, DE 000 A0S TYS 2, 
WKN:          747119, A0S TYS 
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard);
              Freiverkehr in München, Hannover, Düsseldorf, Hamburg,
              Stuttgart
 
End of News                                     DGAP News-Service
 
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