DGAP-News: S.A.G. Solarstrom AG successfully connects seven photovoltaic projects to the grid under Conto Energia IV
(firmenpresse) - DGAP-News: S.A.G. Solarstrom AG / Key word(s): Miscellaneous
S.A.G. Solarstrom AG successfully connects seven photovoltaic projects
to the grid under Conto Energia IV
10.09.2012 / 09:16
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S.A.G. Solarstrom AG successfully connects seven photovoltaic projects to
the grid under Conto Energia IV
Italian portfolio of 3.6 MWp connected in August
Freiburg, September 10, 2012. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008) has successfully
connected seven photovoltaic projects in Italy with a total output of 3.6
MWp in August. The systems will thus receive the Conto Energia IV feed-in
tariff of 23 Eurocents on average. The rooftop systems, with a size of
between 300 kWp and 999 KWp were installed in Northern Italy.
'With the timely connection of the systems in August, we underlined the
fact that S.A.G. Solarstrom AG is capable of successfully implementing
projects even in such a very difficult market environment as Italy finds
itself at present', says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG.
The projects in Rivarolo del Re ed Uniti (953.28 kWp), San Severino Marche
(291.12 kWp, 388.8 kWp, 354.48 kWp, 293.75 kWp and 360.91 kWp) as well as
Castelverde (999.2 kWp) will receive an average feed-in tariff of 22.9
Eurocents, as at least half of the rooftops fall under asbestos abatement,
as well as an additional sales bonus for the electricity sold of 7.5
Eurocents per kWh.
As a result of the Conto Energia V, introduced on August 27, 2012, the
general conditions for photovoltaic projects in Italy have taken a
considerable turn for the worse. All systems over 12 kWp must be entered in
a solar register, in order to receive a feed-in tariff. Of the EUR700
million subsidy volume under the Conto Energia V, more than EUR300 million
has already been consumed, according to the official counter of the Italian
Energy Authority for Renewable Energy GSE (Gestore Servizi Energetici).
'As the Italian government is expected to discontinue the subsidy program
this year, we will also concentrate increasingly on implementing
photovoltaic projects without subsidized feed-in tariffs in Italy',
explains Dr. Karl Kuhlmann. With a specific solar irradiation of around
1,100 kWh per kWp in Northern Italy, electricity can be produced at
considerably less than 15 Eurocents per kWh at the current system prices.
'This is a future market, which will only really come into full force once
a lasting solution has been found for the banking and financial crisis, so
that the financing activities of the banks in Southern Europe are restored.
In addition, special projects will still be subsidized for a transition
period under the Conto Energia IV'.
About S.A.G. Solarstrom AG
S.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 210 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 rules and standards M:access 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 Corporate News
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10.09.2012 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: 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 News-Service
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