DGAP-News: Solar Millennium AG: Spanish project development subsidiary Milenio Solar wins feasibility study tender in El Salvador
(firmenpresse) - Solar Millennium AG / Contract/Miscellaneous
25.06.2010 08:44
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Erlangen/Madrid, 25.06.2010 yesterday Milenio Solar, the Spanish wholly
owned development subsidiary of Solar Millennium AG (ISIN DE0007218406)
signed a contract for a parabolic through power plant feasibility study
with Inversiones Energéticas S.A. de C.V. (INE) whose main shareholder is
Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL) the public utility of
El Salvador. Together with a local partner, Milenio Solar will analyze the
technical, legal and financial framework needed for a public-private
investment structure for a parabolic through power plant in El Salvador.
The scope of the feasibility study will cover inter alia the
proposal for a solar thermal power plant configuration and a recommendation
of a power off-take concept as well as the layout of an Investment
public-private structure. In addition to the consulting study, the Solar
Millennium Group will provide and maintain Meteo-stations for the
acquisition of meteorological data at three potential sites in El Salvador.
CEL and INE will contribute with this feasibility study as a first example
to the Master Plan for the development of renewable energies of El
Salvador's Energy Council (Consejo Nacional de Energía, CNE). Since 2007
the government of El Salvador aims at diversifying its energy sources,
mainly through renewable energy sources to reduce its dependency on oil and
its Greenhouse gas emissions in the mid-term.
Christian Beltle, Member of Solar Millennium AG's Executive Board, stated:
'We are very pleased about this opportunity to use the extensive expertise
and long-time experience we gained through the realisation of the Andasol
solar thermal power plants in Spain now for the further development of
renewable energies in El Salvador.'
Marcello Formica, Managing Director of Milenio Solar Desarrollo de
Proyectos: 'This feasibility study is also a good starting point for an
early entry into the Latin-American market in which we would like to take
the role as first mover in the future like we did in the Spanish market.'
About Solar Millennium AG:
Solar Millennium AG, Erlangen, is an international company in the renewable
energy sector, with its main focus on solar-thermal power plants. Together
with its subsidiaries and associates, the Company specializes in parabolic
trough power plants and has managed to take a globally leading position in
this field. Solar Millennium strives to further extend its expertise in the
area of solar-thermal power plants with the aim of achieving and securing
sustainable technology leadership. As such, the Company covers all
important business sectors along the value chain for solar-thermal power
plants: from project development and financing to the technology and the
turnkey construction and operation of power plants. In Spain, Solar
Millennium developed Europe's first parabolic trough power plants and
realized these together with partners. Additional projects are planned
around the world with an overall capacity of more than 2,000 megawatts:
here the current regional focus ison Spain, the US, India, China, the
Middle East and North Africa. More information is available at
www.SolarMillennium.com
About solar-thermal power plant technology:
Solar-thermal power plants generate electricity by converting solar
radiation into heat energy. In a parabolic trough power plant,
trough-shaped mirrors concentrate the incidental radiation onto a pipe in
the focal line of the collector. Its absorption heats a fluid heat medium
in the pipe, generating steam in the power block through a heat exchanger.
As in conventional power plants, the steam powers a turbine to generate
electricity. By integrating thermal storage, electricity can be supplied on
demand, even after sunset.
For further information:
Solar Millennium AG
Dipl.-Ing. Sven Moormann (Corporate Communications)
Dr. Stefan Eckhoff (Investor Relations)
Tel.: +49 (0)9131 9409-0
Email: presse(at)SolarMillennium.de / investor(at)SolarMillennium.de
Web: www.SolarMillennium.de
This press release constitutes neither an offer to sell nor the
solicitation of an offer to buy any securities of Solar Millennium AG. The
press release shall not form the basis for investment decisions regarding
securities of the company. Any such investment decision of a prospective
investor shall be based solely on such prospective investor's own
investigations and assessments.
This release contains forward-looking statements. These statements are not
a description of past facts, but rather relate to expectations and opinions
of Solar Millennium AG. These statements are based on current plans,
assessments and forecasts of the company. Investors should not rely on
these statements. Forward-looking statements must be understood in the
context of the circumstances existing at the time when they were made. The
company assumes no obligation to update the forward-looking statements in
this release based on new information or future events. Forward-looking
statements always involve risks and uncertainty. Due to a multitude of
factors, actual events and actual developments may differ significantly
from the forward-looking statements contained herein. This press release
was originally prepared in German. The translation of this release or parts
thereof is considered as a service for journalists, analysts and investors
who are not able to understand German. Only the German version is legally
binding.
25.06.2010 08:44 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 25.06.2010 - 08:44 Uhr
Sprache: Deutsch
News-ID 23009
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