DGAP-News: IBC SOLAR expands their project business and sells 11.2 MW solar park to Allianz

DGAP-News: IBC SOLAR expands their project business and sells 11.2 MW solar park to Allianz

ID: 32970

(firmenpresse) - DGAP-News: IBC SOLAR AG / Key word(s): Miscellaneous
IBC SOLAR expands their project business and sells 11.2 MW solar park
to Allianz

10.01.2011 / 11:00

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The German photovoltaic specialist IBC SOLAR has sold one of their largest
solar projects to a fund managed by Allianz Specialised Investments. The
solar park, located in Manzano in Italy's Udine province, covers a surface
area of 32 hectares and was sold to Allianz in August subject to
construction and commissioning. As general contractor, IBC SOLAR was
responsible for the planning and development of the Manzano solar park,
together with all licensing requirements as well as its construction. The
solar park was connected to the grid on December 7th 2010 and is entitled
to the last year effective feed-in tariffs.

David Jones, CEO of Allianz Specialised Investments said 'We are pleased to
add the Manzano solar park to our renewable energy portfolio. Solar parks
represent a growing element in Allianz's alternative asset investment
activities and we look forward to working with IBC SOLAR as manager of this
project and hopefully others in the future'.

IBC SOLAR installed more than 47,000 polycrystalline modules (IBC PolySol
230) and 3,600 thin-film hybrid modules for the solar park. The park will
provide approx. 3,750 households with environmentally friendly energy for
the next 20 years. During this time, it will also save around 210,000 tons
of carbon dioxide.

'In order for a project of this size to succeed, local cooperation is
crucial,' explains Rudolf Sebald, Head of Technical Department and
Large-Scale Projects for IBC SOLAR. 'The local community really supported
us while we were working there and was very open to the project from the
beginning. Surely, IBC SOLAR's high demand for quality contributed to the




positive community reception.'

To ensure that the solar park generates high yields, IBC SOLAR is also
responsible for its maintenance and servicing. With the help of monitoring
systems, possible technical problems will be identified and resolved
quickly, minimizing any loss of yields.

'We are serving the Italian market on two levels,' explains Rudolf Sebald.
First as the general contractor, who develops and builds turn-key solar
parks. Second, through our subsidiary IBC SOLAR Srl in Ancona, which
focuses on expanding our business in Italy and on training our local
installers there. Through these efforts, we hope to propagate the use of
renewable energy throughout Italy.'

About IBC SOLAR

IBC SOLAR is a leading global photovoltaic specialist for photovoltaic
systems, offering complete solutions for power production from solar
energy. The firm covers the entire spectrum, from planning to the turnkey
handover of photovoltaic installations. Globally, IBC SOLAR has already
implemented more than 100,000 turnkey photovoltaic systems with a total
power 1 gigawatt (GWp). The scale of these installations ranges from large
photovoltaic power stations and solar parks, which feed electricity into
the network, to off-grid systems. IBC SOLAR sells its photovoltaic
components and systems over an extensive network of trade partners. As
general contractor, IBC SOLAR plans and implements large scale solar
projects. Through maintenance and monitoring, IBC SOLAR ensures an optimal
performance of the solar park.
IBC SOLAR was founded in 1982 in Bad Staffelstein. IBC SOLAR is represented
by several subsidiaries around the world and currently employs around 350
employees, of which approximately 250 are in Germany. The international
business group IBC SOLAR is directed from its headquarters in Bad
Staffelstein.

About Allianz Specialised Investments

As part of Allianz Capital Partners, the alternative asset investment
manager of the Allianz Group, Allianz Specialised Investments is dedicated
to the segment of renewable energy investments. Its aim is to build up a
long-term portfolio in renewable energy assets, especially wind and solar
parks.

Press Contacts:
IBC SOLAR AG
Katrin Birner
Am Hochgericht 10
96231 Bad Staffelstein, Germany
Tel.: 09573 / 9224-780
Fax: 09573 / 9224-709
Katrin.Birner(at)ibc-solar.de
www.ibc-solar.com

Fleishman-Hillard Munich
Ortrud Wenzel / Cornelia Zeltner
Herzog-Wilhelm-Str. 26
80331 Munich, Germany
Tel.: 089 / 230 316 - 0
Ortrud.Wenzel(at)fleishmaneurope.com
Cornelia.Zeltner(at)fleishmaneurope.com

Allianz
Michael Matern / Stefanie Rupp-Menedetter
Koeniginstrasse 28
80802 Munich, Germany
Tel.: +49.89.38 00-2960
Fax +49.89.38 00-82960
E-mail michael.matern(at)allianz.com / stefanie.rupp-menedetter(at)allianz.com
Internet www.allianz.com/press


End of financial news

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10.01.2011 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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Bereitgestellt von Benutzer: EquityStory
Datum: 10.01.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 32970
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