DGAP-News: 3W Power S.A. / AEG Power Solutions: AEG Power Solutions Wins a Major Follow-up Contract with Activ Solar for Photovoltaic Power Plant Equipment
(firmenpresse) - DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Incoming
Orders/Contract
3W Power S.A. / AEG Power Solutions: AEG Power Solutions Wins a Major
Follow-up Contract with Activ Solar for Photovoltaic Power Plant
Equipment
23.07.2012 / 17:30
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- Second largest contract ever signed for solar equipment by AEG Power
Solutions
- Follow-up contract confirms the outstanding partnership of both companies
and the success of the Group's solar strategy
- While Western European markets are maturing, AEG Power Solutions strategy
and footprint expanding in Asia, Africa, Eastern Europe and the USA proves
to be successful
Zwanenburg, The Netherlands, July 23, 2012 - AEG Power Solutions, global
leading manufacturer of power electronic systems and solutions for
industrial power supplies and renewable energies, signed a major contract
with Vienna based company Activ Solar. This deal covers photovoltaic
utility scale equipment and services for a minimum of 170 MW until the end
of 2013. It is an extension of the first agreement signed in the second
half of 2010 covering the complete electrical systems for 14 PV power
plants, each of approximately 20 MW.
As in the first contract, AEG Power Solutions will provide its turnkey
solutions to equip new photovoltaic power plants in Eastern Europe. This
includes solar inverter stations based on TKS-C containerized outdoor
stations, including latest generation central inverters, transformers and
medium voltage switchgear and the most comprehensive monitoring and
supervision system (PV Guard) provided by AEG PS' subsidiary, skytron. AEG
Power Solutions will deliver and commission the equipment on site.
'We won this follow-up contract because of the complete and premium
solutions we have provided in the first phase. We built up a strong
relationship with Activ Solar and met their expectations perfectly,'
explains Bob Roos, Vice-President Solar Strategic Business Units of the
Group. 'Other important reasons for winning the follow-up project are our
local presence and our ability to fulfill local requirements.'
230 MW out of 290 MW of the first phase are already fully operational,
producing energy efficiently in 11 photovoltaic power generation plants.
Two years ago AEG PS started developing solar business based on its power
electronics knowledge and its recognized expertise in power control
solutions for the polysilicon industry. Since then, the company has been
implementing its strategy to develop a position in the renewable energies
business and in the photovoltaic sector with a special focus on solutions
for utility scale power plants with its large solar inverters and
monitoring and supervising products from skytron.
'This follow-up contract confirms the success of our solar strategy which
is based on an end-to-end product range with all key components for solar
power plants, enabling customers to get a one-stop solution. Focusing on
emerging countries is another very important part of our strategy,'
comments Horst J. Kayser, Chief Executive Officer of AEG Power Solutions.
'Eastern European countries and India have fueled our solar growth in 2011.
The recent opening of our factory in South Africa, as well as this
contract, demonstrates how we arestrengthening our position in the
renewable energy market and how our global footprint constitutes a major
strength while Western European solar markets are maturing.'
-- End of Announcement --
About 3W Power/AEG Power Solutions:
3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg, is the
holding company of AEG Power Solutions Group. The Group is headquartered in
Zwanenburg in the Netherlands. The shares of 3W Power are admitted to
trading on Frankfurt Stock Exchange (ticker symbol: 3W9) and the warrants
are traded on NYSE Euronext, Amsterdam (ticker symbol: 3WPW).
AEG Power Solutions (AEG PS) Group is a global provider of power
electronics systems and solutions for all industrial power requirements
offering one of the most comprehensive product and service portfolios in
the area of power conversion and power control. Two complementary
operating business segments, Renewable Energy Solutions (RES) and Energy
Efficiency Solutions (EES) serve customers worldwide. The RES product and
service portfolio consists of systems and solutions for solar power plants,
such as solar inverters, monitoring and control systems as well as power
controllers for a wide range of industrial applications such as
polysilicon, energy storage, sapphire, and glass. The EES product and
service portfolio includes high-performance uninterruptable power supplies
(UPSs), industrial chargers, DC systems and converters.
Thanks to its distinctive expertise, bridging both AC and DC power
technologies and spanning the worlds of both conventional and renewable
energy, the company creates innovative solutions for smart grids.
AEG PS' global footprint includes 17 subsidiaries and competence centers
around the world with 1,700 employees.
For more information go to: www.aegps.com
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication may contain forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
Press contact:
Ute von Cranach
Marketing Communications RES
AEG Power Solutions
Tel: +49 2902 763 256
Mobile:+49 170 574 9094
Email: ute.voncranach(at)aegps.com
Claire Pairault
Corporate Communications
AEG Power Solutions
Tel.: +331 555511076
Mobile:+33 6 19609164
Email: claire.pairault(at)aegps.com
End of Corporate News
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23.07.2012 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: 3W Power S.A. / AEG Power Solutions
19, rue Eugène Ruppert
L-2453 Luxembourg
Grand Duchy of Luxembourg
Phone: +31 20 4077 863
Fax: +31 20 4077 875
E-mail: michael.julian(at)aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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Datum: 23.07.2012 - 17:30 Uhr
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