Q-Cells International to construct 50 MWp solar park in Bavaria
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ - Largest solar park in Germany with polycrystalline solar cells- Generates as much electricity as is used by around 15,000households- Reduction of 35,000 tons of CO2 per year- Until it is sold to an external investor, the project will be runas a joint venture between Q-Cells and MEMCBitterfeld-Wolfen, 24 July 2009 - Q-Cells SE, the solar cellmanufacturer based in Saxony-Anhalt, and MEMC Electronic MaterialsInc., the US manufacturer of silicon wafers, today revealed theformation of a joint venture to construct large solar parks, in whicheach partner will have a 50% share. The first shared project will bea facility in Strasskirchen, Bavaria. With a total capacity of around50 MWp, this will be the largest ground mounted PV system in Germanyto be operated using crystalline solar cell technology. Q-CellsInternational, a 100%-owned subsidiary of Q-Cells SE, has beencommissioned to construct the facility."Strasskirchen represents a new dimension for us and we are provingthat we are able to achieve very high quality in a record-shorttime", says Dr. Marko Schulz, Member of the Executive Board ofQ-Cells and the person in charge of Q-Cells International's projectbusiness. We expect to complete the facility and connect it to thepublic electricity network at the end of the current year.The amount of electricity generated by the solar park inStrasskirchen each year corresponds to the power consumption ofaround 15,000 households. With the energy of around 225,000 modules,installed on a surface equivalent in size to around 270 footballfields (around 135 hectares), around 35,000 tons of CO2 will beeliminated each year.Q-Cells SE and MEMC Electronic Materials Inc. have agreed to eachinvest up to around 72 EURm in the joint venture so that the twopartners can cover the bridging finance during the constructionphase. MEMC will supply the silicon wafers for the joint venture, andQ-Cells will turn them into solar cells. Following completion, it isplanned to sell the project to an external investor.About Q-Cells InternationalFounded in 2007, Q-Cells International GmbH is a wholly ownedsubsidiary of Q-Cells SE that specialises in planning and engineeringas well as building and operating photovoltaic plants. Operatingworldwide, Q-Cells International's main target markets are currentlyGermany, Italy, France, Spain, Eastern Europe and the USA.In 2008, it accomplished projects with a total capacity of around 26MWp. In 2009, Q-Cells International expects its project businessaround the world to reach a total capacity of more than 150 MWp. Itconcentrates on building large plants exceeding 5 MWp. The companyhas branches in Berlin, Rome, Lyon, Madrid and Fremont (California),and has also launched a number of joint ventures with prestigiouspartnersContact details:Q-Cells SEOT ThalheimSonnenallee 17 - 2106766 Bitterfeld-Wolfen, GermanyInvestor Relations:Stefan LissnerPhone: +49 - (0)3494 - 6699 10101investor(at)q-cells.comPublic Relations:Markus WieserPhone: +49 - (0)3494 - 6699 10111presse(at)q-cells.com --- End of Message ---Q-Cells SE OT Thalheim, Sonnenallee 17-21 Bitterfeld-Wolfen GermanyWKN: 555866; ISIN: DE0005558662; Index: CDAX, GEX, Prime All Share, TecDAX;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Stuttgart, Regulierter Markt in Frankfurter Wertpapierbörse;
Datum: 24.07.2009 - 08:01 Uhr
Sprache: Deutsch
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