Solon AG intensifies cooperation with Spanish partner
Berlin, November 28, 2007
Source: DGAP News/Finanztreff.de
http://www.finanztreff.de/ftreff/news,id,27560165,sektion,nachrichten.html
Solon AG, headquartered in Berlin and one of Europe’s largest manufacturers of solar modules and photovoltaic systems, has signed agreements with the Spanish company GUASCOR SOLAR S.A.U. for several power plant projects in Spain with a total volume of more than EUR130
million. The agreements continue the already existing cooperation between
the two companies. The first joint projects in the megawatt range were
completed in Castilla la Mancha and Navarra recently.
The project package as adopted includes four power plant projects of varying sizes. As general contractor, SOLON AG will construct the largest power plant as a turnkey plant with a capacity of 11.4 megawatts in the vicinity of the city of Badajoz in the Extremadura region; the three additional power plants will be constructed in Andalucia each with a capacity between 2 and 3.3 megawatt.
Power plant systems of the type SOLON-Mover L and XL will be used in these projects, with the first deliveries to be made as early as December 2007. The completion of the projects is scheduled for July 2008. In addition to these power plant projects, a contract was signed for the delivery of SOLON standard modules at a scope of EUR 85 million.
Moreover, SOLON and GUASCOR SOLAR have agreed to expand their cooperation to production in Spain in the future. Plans include the production of SOLON power plant systems in Spain by GUASCOR SOLAR. To that end, the Spanish partner will construct a production plant in the vicinity of the GUASCOR Group headquarters in Vitoria-Gasteiz in the Basque Country. The plant will commence operations in the first quarter of 2008. The SOLON Movers to be produced under license by GUASCOR SOLAR are destined for shipment to power plant projects of the GUASCOR Group in Spain and other countries GUASCOR is operating in.
About SOLON AG:
SOLON AG is one of the largest solar module manufacturers in Europe and a
leading supplier of photovoltaic systems for large-scale solar power plants. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs more than 650 people worldwide. The SOLON Group’s core business is the manufacture of solar modules in various performance categories and of complete photovoltaic systems for the construction of solar power plants.
About GUASCOR SOLAR S.A.U.:
GUASCOR SOLAR S.A.U. specializes in design and supply of photovoltaic projects using conventional solar modules in Europe and Latin America.
GUASCOR SOLAR is part of the GRUPO GUASCOR PV-Division, also active in the areas of concentration technology and marketing of PV projects. GRUPO GUASCOR is an industrial holding company operating in the energy sector and focussing in particular on renewable energy sources.