S.A.G. Solarstrom AG: The solar age has only just begun
(firmenpresse) - S.A.G. Solarstrom AG / Key word(s): Energy/
S.A.G. Solarstrom AG: The solar age has only just begun
DGAP-Media / 12.06.2012 / 10:46
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S.A.G. Solarstrom AG: The solar age has only just begun
Freiburg, June 12, 2012. In the opinion of S.A.G. Solarstrom AG (German
security identification number: 702 100, ISIN: DE0007021008), electricity
from photovoltaic power is already capable of competing with the price for
household electricity, both in Germany and in several other European
countries. The photovoltaics specialist is thus anticipating further new
installation rather than stagnation in the photovoltaic market, despite the
ongoing difficult market environment and reductions in the subsidy.
The S.A.G. Group is presenting itself at the Intersolar from June 13-15,
2012 in Munich, in Hall B4, Booth 310.
'Grid parity at household electricity prices has already been achieved in
Germany', says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. 'The same
should also apply for industrial electricity prices in two to three years.
We thus find ourselves at the start of a very dynamic development. The
solar age has only just begun'. Photovoltaic power has become established
as an important pillar of a sustained and reliable energy supply and is in
the transition phase between a subsidized market and a competitive market.
'Consumers can produce a kilowatt hour of electricity today, using a
photovoltaic system, for considerably less than 20 Eurocents, in some
cases. The peak prices at the electricity stock exchanges have dropped
significantly, due to the increased feed-in of solar electricity', says
Kuhlmann. 'The allegation that photovoltaic power is the reason for the
increase in electricity prices is thus clearly false, but has unfortunately
led to the government bringing the drive for competition with the
industrial electricity price to an abrupt halt - and not just in Germany'.
Kuhlmann once again advocated reliable political framework conditions. A
phase-out of scenarios that include subsidies is possible, provided these
are not abrupt and unplanned. Planning reliability is required, as changes
at short notice, as they are occurring in Germany, led to insolvencies and
job losses in the industry. Despite the reductions in subsidies and the
associated difficult market conditions, Kuhlmann still views the
photovoltaic industry on a long-term growth curve: 'The advantages over
conventional energy sources are outweighed. Photovoltaic power is local and
can be used without a massive network upgrade, has an energetic
amortization period of two to three years, is completely recyclable and
provides affordable energy at peak periods around midday. The further
development of storage options and the increasing electromobility will also
boost the market.'
According to the European Photovoltaic Industry Association, 24.7 GWp was
installed in Germany in 2011, and 69.7 GWp worldwide. Up to 2016, the
installed power could more than double to 52.7 GWp in Germany and increase
almost fivefold worldwide, to 342 GWp, according to estimates by the
European Photovoltaic Industry Association.
The S.A.G. Solarstrom Group is presenting its service portfolio at this
year's Intersolar 2012 from June 13-15, 2012 in Munich, in Hall B4, Booth
310 and is providing insights into projects in various European countries
including projects with own consumption and direct marketing models. The
internationally active photovoltaic specialists construct systems of all
sizes, offer all services along the entire photovoltaic value added chain
and boast a proprietary portfolio of photovoltaic systems with a current
total output of 26.1 MWp. In 2011, the Group achieved sales of EUR263.7
million and an EBIT of EUR6.2 million.
About S.A.G. Solarstrom AG
.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, is 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. Solarstrom AG also produces solar energy at
its own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote service and 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 is considered a pioneer in the solar
industry. Around 230 specialists work at the four locations in Germany and
the foreign subsidiaries.
S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock
Exchange as well as according to the m:access rules and standards of the
Munich Stock Exchange.
Further information: www.solarstromag.com
Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311
e-mail: pr(at)solarstromag.com / ir(at)solarstromag.com
End of Media Release
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Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Germany
Phone: + 49 761 4770 0
Fax: + 49 761 4770 555
E-mail: mail(at)solarstromag.com
Internet: www.solarstromag.com
ISIN: DE0007021008
WKN: 702100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart
End of News DGAP-Media
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173555 12.06.2012
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