Statkraft sells 3.3 MWp solar project Borgo to Innotech Solar

Statkraft sells 3.3 MWp solar project Borgo to Innotech Solar

ID: 48802

(Thomson Reuters ONE) -


(Oslo, 16 November 2010) Statkraft yesterday signed an agreement to sell its
solar project company RA 2 S.r.l. to ITS Power AG, a daughter company of
Norwegian solar company Innotech Solar AS.

The company RA 2 was established in 2007 as a project development vehicle. RA 2
owns the 3.3 MWp solar project Borgo, which is under development in the
municipality of Latina, 70 kilometres south of Rome, Italy.

The Borgo project has obtained detailed grid connection from ENEL, and Innotech
Solar is expecting the project to be fully permitted by 2011.

"Innotech Solar sees Italy as one of the most promising countries for solar
power in 2011, and taking over the Borgo project give a flying start in this
market. The bright energy from this planned power plant will deliver electricity
to more than 1000 homes over minimum 25 years," says Robert Kröni, EVP Power
plants.

The sale of RA 2 follows the Statkraft decision in June 2010 to focus its
strategy on the core businesses of hydropower, wind power, gas power and
district heating.


About Statkraft:
Statkraft is Europe's leader in renewable energy. The group develops and
generates hydropower, wind power, gas power and district heating, and is a major
player on the European energy exchanges. Statkraft has more than 3,200 employees
in more than 20 countries.

About Innotech Solar:
Innotech Solar delivers high quality solar cells, modules and entire solar power
plants. The company's unique technology combines high quality and low cost,
ensuring customers always receive the best solutions possible.

For further information, please contact:

Lars Magnus Günther, Communications advisor, Statkraft AS
Phone: +47 24 06 71 50/ +47 912 41 636

Robert Kröni, EVP Power plants, Innotech Solar AS
Phone: +41 44 515 1279

Thor-Christian Tuv, CEO, Innotech Solar AS




Phone: +47 959 27 203

www.statkraft.no

www.innotechsolar.com



[HUG#1462639]








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Source: Statkraft via Thomson Reuters ONE


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Datum: 16.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 48802
Anzahl Zeichen: 2750

contact information:
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Oslo



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