S.A.G. Solarstrom AG implements 9.7 MWp project
Freiburg, December 22, 2009. S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008), Freiburg, is installing altogether 10 photovoltaic systems with a total output of 9.7 MWp in the South Italian province of Brindisi for GPR Global Power Resources. It is estimated that the ground-mounted systems will be connected to grid in April 2010.
The project consists of nine ground-mounted systems each with 999 kWp and one system with 710.4 kWp, making a total output of 9.7 MWp. Construction will start this year, and grid connection is planned in April. Polycrystalline modules from Yingli Green Energy as well as inverters from SMA will be used.
GPR Global Resources Ltd. is a Zurich based company active in the purchase of renewable energy plants located throughout Western Europe. GPR's investment strategy is to source alternative energy plants delivering attractive returns for its investors through the development of strategic partners with operators at all stages of the value chain. GPR has developed considerable expertise in the structuring and execution of cross-border acquisitions. GPR is planning the acquisition and management of renewable energy plants for their investors, with a total output of around 2 GWp.
Connection to high-voltage grid
To facilitate faster and safer grid connection of the systems, S.A.G. Solarstrom AG is participating, via the local project company, in the construction of a transformer substation that will enable direct connection of the systems and feed-in of electricity to the high-voltage grid. It is planned to sell the transformer substation to the Italian energy company Enel SpA after conclusion of the project. Although Italy is ranked as one of the strongest growing European markets in the sector, due to a high level of solar irradiation and a specific yield of over 1,300 kWh per kWp, many photovoltaic projects fail due to the infrastructure of the grid connection. There are very few medium-voltage power grids in Italy, which means that grid connection is currently the biggest challenge for photovoltaic system construction in Italy. By participating in the construction of the transformer substation, S.A.G. Solarstrom AG has found a sensible solution to this problem which can be implemented quickly and efficiently.
“Our Italian subsidiary employs experienced photovoltaic specialists who are familiar with all the approval procedures as well as the specific challenges of the market“, explains Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. “We see this as a basic requirement for developing the enormous market potential in Italy.“
About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (WKN: 702 100, ISIN: DE0007021008) of Freiburg, Germany, are a manufacturer-independent provider of high-quality photovoltaic plants configured to customers’ individual needs. The group constructs efficient plants of all sizes both in Germany and abroad. S.A.G. also produce solar energy at their own plants.
S.A.G. Solarstrom AG’s service portfolio covers the entire life cycle of photovoltaic plants, including energy- and weather-data management, yield reports, and remote maintenance, as well as insurance and financing. The group thus offers a comprehensive value chain in photovoltaics, from yield reports, planning, construction, operations, and monitoring to optimization, repowering, and deconstruction.
Founded in 1998, S.A.G. Solarstrom AG are considered pioneers in the solar industry. Around 160 specialists work at S.A.G.’s four locations in Germany and subsidiaries in Italy, Spain, Austria, and Switzerland.
S.A.G. Solarstrom AG are listed on the open market, Entry Standard of the Frankfurt Stock Exchange as well as according to the rules and standards M:access of the Munich Stock Exchange.
Further information: www.solarstromag.com
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
Investor Relations
Veit-Gunnar Schüttrumpf
Tel.: +49-(0)761-4770-368
E-mail: ir@solarstromag.com
Public Relations
Jutta Lorberg
Tel.: +49-(0)761-4770-311
E-mail: presse@solarstromag.com