DGAP-Media: COLEXON Energy AG: Large Portfolio in the Czech Republic Secured
(firmenpresse) - COLEXON Energy AG / Energy
21.07.2010 10:42
Dissemination of a Press Release, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, July 21, 2010. COLEXON Energy AG has secured a 7.2 MWp solar
energy system portfolio in the Czech Republic. The EnerCap Power Fund is
the investor for the 20 million EUR project.
In May of this year, COLEXON started with the construction of the 7.2 MWp
solar project portfolio in the Czech Republic. 'We have already
successfully carried out projects in France, Italy and the USA,' Thorsten
Preugschas, CEO and Chairperson of COLEXON, summed up. 'We are expanding
our international project business successively to reduce our dependence on
national subsidy models. We are pleased that we can now implement a large
portfolio in the Czech Republic, because the Eastern European solar energy
market is very significant in this development due to its attractive
framework conditions,' Mr. Preugschas continued.
Profitable Portfolio
The Czech project covers a total area of 200,000 m2. It is being built with
thin film modules from the market leader First Solar and a Schletter
mounting system. The portfolio comprises three free field installations
which will produce approximately 6.8 GWh electricity per year. Equivalently
a coal fired power plant would generate approximately 7,200 tons of CO2 for
the production of this electricity. These emissions can be avoided through
the PV power plant.
Partnership with Perspectives
The contract volume of the project is more than 20 million EUR. Financing
is secured by the EnerCap Power Fund and UniCredit Bank Austria AG The
EnerCap Power Fund is a private equity fund focused on investments in
renewable energy and high efficiency projects in Central and South-eastern
Europe. Investors include the EIB, EBRD and Sumitomo Mitsui Banking
Corporation. The Fund is managed by Prague based EnerCap Capital Partners
(www.enercap.com). EnerCap sees in the facilities, which will be built in
the Czech cities Mimon, Tocnik and Lomecek, a very promising basis for
implementation of further joint photovoltaic projects. 'EnerCap and COLEXON
have built up a strong and trustworthy partnership over the past months.
The concluded EPC and O&M agreements create a solid basis for good
performance in the current projects as well as a perspective for the
future,' according to Michael White, Partner at EnerCap Capital Partners.
www.colexon.com
Kontakt:
COLEXON Energy AG
Kirsten Friedrich
Email: k.friedrich(at)colexon.de
Tel: +49 40 280031-0
Fax: +49 40 280031-101
21.07.2010 10:42 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: COLEXON Energy AG
Große Elbstraße 45
22767 Hamburg
Deutschland
Internet: www.colexon.de
End of News DGAP-Media
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Datum: 21.07.2010 - 10:42 Uhr
Sprache: Deutsch
News-ID 24197
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Kategorie:
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