DGAP-News: Conergy sells 2.3 MW solar power plant in Andalucia to investor

DGAP-News: Conergy sells 2.3 MW solar power plant in Andalucia to investor

ID: 124544

(firmenpresse) - DGAP-News: Conergy AG / Key word(s): Contract/Miscellaneous
Conergy sells 2.3 MW solar power plant in Andalucia to investor

14.03.2012 / 09:38

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Conergy sells 2.3 MW solar power plant in Andalucia to investor

System supplier's Spanish solar parks on average exceed forecast yield by
5%.

Hamburg / Madrid, 14 March 2012 - Just a few weeks after the grid
connection of a 5.3 megawatt Conergy solar park in Murcia, the
Hamburg-based system supplier is now announcing another success story in
the neighbouring region of Andalucía. Conergy has sold its 2.3 megawatt
grid-connected solar park to Ellomay Capital Ltd. This solar power plant,
located close to the city of Córdoba, is exclusively equipped with Conergy
components from its own manufacturing facilities.

'Nearly 2,800 hours of sunshine a year and irradiation levels in southern
Spain of around 2,000 kilowatt hours per square metre make this is an
extremely attractive location for solar power plants', says Luis Jimenez
Gutierrez, Managing Director of Conergy Spain. 'And thanks to the careful
design process and our perfectly-matched components, our solar parks on
average exceed forecast yield by 5%. Both these factors make them an
interesting proposition for investors.

The region's long hours of sunshine make it attractive for investment and
tourism alike, and it is also well on the way to achieving grid parity -
the point at which energy from solar power, without subsidies, is as cheap
as power generated from finite fossil or nuclear energy sources. The
Conergy solar park is another step down this path. On its 8-hectare site -
around four times the size of the famous Moorish 'Mezquita de Córdoba' -
more than 10,500 PowerPlus modules generate clean energy on over 21
kilometres of SolarLinea mounting systems. Each year, around 3.5 million




kilowatt hours of solar power feeds 21 IPG 110 K central inverters in
southern Spain's electricity grid. In this way, the Conergy power plant
produces enough electricity to supply around 1,300 homes in Andalucía - or
about three-quarters of the population of nearby Villafranca de Córdoba. At
the same time, the solar park saves on the production of more than 1,700
tonnes of harmful CO2 emissions each year.


About Conergy
Conergy delivers solar energy systems from a single source. As a system
supplier, Conergy produces all components for a solar installation and
offers all services under one roof.

With its modules, inverters and mounting systems, the solar expert creates
Conergy System Technology, which is efficient solar energy systems for
private or commercial rooftops, as well as for multi-Megawatt Parks.

Conergy System Services deliver a 'Worry-Free Package' for Conergy solar
installations - from 'A' for architectural planning to 'Y' for yield
insurance and 'Z' for zero trouble. Conergy's experts not only install
on-site turn-key solar projects, but they also manage the planning and
financing, project implementation, system monitoring, operation and
on-going maintenance of the project for maximum performance. With this
comprehensive technology and service package, Conergy offers yield
insurance for its installations.

Conergy System Sales brings Conergy premium products to nearly 40
countries. From 'A' for Australia to 'T' for Tunisia - the solar expert
supports homeowners, installers, wholesalersand investors in their efforts
to 'go solar'. With sales activities on five continents, Conergy has close
relationships with all its customers. In 2010, more than half of Conergy's
sales were generated outside of Germany.

Listed on the Frankfurt stock exchange, Conergy employs more than 1,500
people worldwide. Since Conergy's founding in 1998, it has produced and
sold 2 GW of clean solar energy. Thus, in 2011 Conergy solar installations
have generated as much power as a nuclear reactor.

Please contact us if you have any questions or requests.


End of Corporate News

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14.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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: Conergy AG
Anckelmannsplatz 1
20537 Hamburg
Germany
Phone: +49 (0)40 27 142-1000
Fax: +49 (0)40 27 142-1100
E-mail: info(at)conergy.de
Internet: www.conergy.de
ISIN: DE000A1KRCK4
WKN: A1KRCK
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart


End of News DGAP News-Service
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160499 14.03.2012


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Bereitgestellt von Benutzer: EquityStory
Datum: 14.03.2012 - 09:38 Uhr
Sprache: Deutsch
News-ID 124544
Anzahl Zeichen: 6322

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