S.A.G. Solarstrom AG: Financing of photovoltaic system at Dehner Garden Center concluded successfully
- Financing of €10 million to run for 18 years
- 4,2 MWp to be included in own portfolio
- Attractive results expected
Freiburg, January 25, 2010. S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008), Freiburg, have included the 4.6 MWp system they installed on the roof of the Dehner Garden Center in Rain am Lech in their own portfolio and concluded an 18-year financing transaction for €10 million with the Deutsche Bank AG for the associated investment volume of €14 million.
The roof-top system, consisting of First Solar thin-film modules, will thus strengthen the business area of Power Production and provide attractive contributions to operating income. “This system will have a long-lasting, strengthening effect on the business area of Power Production“, says Dr. Kuhlmann, CEO of S.A.G. Solarstrom AG. The financing, which was concluded quickly and on a straightforward basis with funds provided by the Reconstruction Loan Corporation from their Renewable Energies program, once again highlights the positive reputation S.A.G. Solarstrom AG in the meantime enjoys with banks. “We were able to negotiate an attractive interest rate for the financing,“ explains Christoph Koch, CFO of the solar company. As a result of both this and the high performance capability of the system, attractive returns can be achieved.
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
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