DGAP-News: Q-Cells SE: Q-Cells Builds Superlative Photovoltaic Power Plant
(firmenpresse) - DGAP-News: Q-Cells SE / Key word(s): Product Launch/Miscellaneous
Q-Cells SE: Q-Cells Builds Superlative Photovoltaic Power Plant
03.11.2011 / 11:00
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PRESS RELEASE
Q-Cells Builds Superlative Photovoltaic Power Plant
- Q-Cells signs contracts for mega-project with investors LUXCARA and MCG
- Brandenburg-Briest solar park is Europe's largest photovoltaic
generating plant at 91 megawatts (MW)
- Completion planned in record time of eight weeks by 2011 year end
Bitterfeld-Wolfen, 3 November 2011 - Q-Cells SE, one of the leading
photovoltaic companies in the world, is building Europe's largest solar
park and continuing its 2011 success story in the large-scale photovoltaic
applications business. The solar park being built in Brandenburg-Briest
will have a capacity of 91 MW. A total of around 22,500 households will be
supplied with renewable energy from the solar park, avoiding CO2 emissions
of approximately 50,000 tons per year. The mega-project is being
constructed on the site of the former Brandenburg-Briest military airbase
with an area of approximately 200 hectares, and illustrates the
environmentally friendly transformation of disused sites with a sustainable
usage concept.
After acquiring the area of the former military airbase, Q-Cells obtained
all approvals required for the construction of the solar park in close
cooperation with local officials. Now the photovoltaic company has found
two renowned investors in the solar energy sector who acquired the project.
The neighbouring solar parks Brandenburg-Briest West and Brandenburg-Briest
Ost, which are being built on land within the municipality of the city of
Brandenburg, have a total capacity of around 60 MW and were purchased by
the Hamburg investment company LUXCARA. Construction began immediately.
The sub-project of around 31 MW being built in the Briest - Havelsee
district since mid-October was bought by the MCG Group in Berlin. It
constitutes another milestone in the long-time successful partnership
between MCG and Q-Cells.
In a record time of approximately eight weeks, the three solar parks are
planned to be completed by the end of 2011 and connected to public grid via
a transformer station built by Q-Cells especially for the purpose. Around
383,000 Q-Cells crystalline solar modules will be installed.
'As Europe's largest solar park, this project is a clear proof of Q-Cells
performance ability', said Nedim Cen, CEO of Q-Cells SE. 'We are pleased to
have gained two experienced investors in the large-scale photovoltaic
applications business with LUXCARA and MCG. Realising the Briest
Brandenburg solar park proves that Q-Cells is maintaining its leading
position in the field of large-scale photovoltaic applications, even in a
challenging market environment, and is valued as a reliable partner.'
The managing director of LUXCARA GmbH, Alexandra von Bernstorff, commented:
'As asset managers we place a great deal of value on high-quality parks
from experienced photovoltaic companies such as Q-Cells; the product
performance of which we can count on to provide the highest degree of
security for the next 20 years.' 'The 60 MW Brandenburg-Briest solar parks
are key for our portfolio of our institutional investors', added Kathrin
Oechtering, also a managing director at LUXCARA GmbH. 'As we provided the
interim financing for this project ourselves, the acquisition will occur
faster than average.'
Alone in the past 12 months, MCG has acquired a number of photovoltaic
plants from Q-Cells with a total investment volume of more than EUR 100
million and added them to its own portfolio. 'We value the excellent
quality and Q-Cells' position as the leading plant constructor and are
looking forward to continue our cooperation with Q-Cells in 2012', said
Jörg Eßer and Marco Manago, directing managers at MCG, located in Berlin.
With a total installed capacity of 460 MW, Q-Cells is among the leading
system integrators in the world. At the beginning of 2011, Q-Cells
transferred what was then Germany's largest solar park to investors -
Finsterwalde with a capacity of around 82 MW. After only eight weeks of
construction, Q-Cells handed over the first construction stage of the
Zerbst solar park in Saxony-Anhalt with 21 MW to the investors MCG Group
and GETEC in June 2011. The completion and transfer of the second
construction phase in Zerbst with around 25 MW to the investor GSI
Düsseldorf followed in September 2011. Connecting the 21 MWp solar park in
Ammerland, northern Germany, to the grid at the end of October - for which
Q-Cells supplied around 200,000 of its Q.SMART CIGS thin-film modules - was
another milestone for Q-Cells on its way to becoming a leading
international supplier of PV applications.
Q-Cells recently solidified its expertise in the photovoltaic applications
business in international future markets as well. In October, Q-Cells
secured an order for a 30 MW project in California through PG&E, one of the
largest electricity suppliers in the USA. Q-Cells also realised no less
than three major projects with a total output of 66 in cooperation with
Starwood in Ontario, Canada during 2011. Recently, Q-Cells also delivered
its Q.SMART thin-film solar modules into a 5 MW project in Rajasthan,
India, which is another promising photovoltaic market.
As a supplier of customer-oriented solutions, Q-Cells offers a
comprehensive service package for its partners and investors in the
large-scale photovoltaic applications business: from site and project
development through financing support and professional, fast installation
to the operation, maintenance and repair of the generating plants during
their entire operating phase. The standards developed by Q-Cells especially
for this business guarantee the highest investment security for the
operator through reliable electricity yields with simultaneously reduced
operating costs. Thanks to leading technology, the products offered by
Q-Cells prove themselves in a variety of applications: large-scale outdoor
installations, systems on industrial buildings and shopping centres as well
as systems on private rooftops or carports.
About Q-Cells SE
Q-Cells SE is among the leading companies in the photovoltaics industry
worldwide. Its extensive product portfolio ranges from solar cells and
modules to complete photovoltaic systems. Q-Cells develops and manufactures
its products at its headquarters in Bitterfeld-Wolfen, Germany and markets
them through a global distribution network. The company has a second
production facility in Malaysia. More than 200 scientists and engineers at
Q-Cells are pursuing the rapid development of technologies in order to
achieve the company's objective: quickly and permanently reducing the cost
of photovoltaics, making the technology more competitive. Close networking
between research, development and production allows Q-Cells to mass produce
innovations quickly, thereby assuming the role of a technology leader in
the photovoltaics sector. Q-Cells SE is listed on the Frankfurt Stock
Exchange (QCE; WKN (security identification number) 555866) and in the
German technology index TecDAX.
Executive Board: Dr. Nedim Cen (CEO), Dr. Marion Helmes (CFO), Dr. Andreas
von Zitzewitz (COO)
Chairperson of the Supervisory Board: Prof. Dr. Karlheinz Hornung
About LUXCARA
LUXCARA GmbH is a Hamburg-based asset management company specialised in
energy infrastructure investments. The team has manyyears of experience in
renewable energies - and in particular photovoltaic - portfolio
acquisition, structuring, financing and management for institutional
investors. LUXCARA is headed by Dr. Alexandra von Bernstorff and Kathrin
Oechtering, who together have an investment track record of more than EUR 1
billion alone in photovoltaics.
About MCG
MCG Management Capital Group, Berlin, is an investor focusing on renewable
energy sources and a commercial project developer in the photovoltaic
sector (www.mcg-group.de). Since 2007, MCG, in cooperation with its
partners, has invested approximately EUR 500 million in solar electricity
projects.
Contact Q-Cells SE
OT Thalheim
Sonnenallee 17-21
06766 Bitterfeld-Wolfen
Germany
Contact Q-Cells Corporate Communications
Ina von Spies, Alberta Rohardt
TEL +49 (0)3494 6699 10121
FAX +49 (0)3494 - 6699 10000
EMAIL presse(at)q-cells.com
WEB www.q-cells.com
Q-Cells Investor Relations
Stefan Lissner
PHONE +49 (0)3494 - 6699 10101
FAX +49 (0)3494 - 6699 10000
EMAIL investor(at)q-cells.com
Contact LUXCARA GmbH
Grosse Johannisstrasse 19
20457 Hamburg
Germany
Managing Directors
Dr. Alexandra von Bernstorff, Kathrin Oechtering
TEL +49 (0) 40 6056 41 0
FAX +49 (0) 40 6056 41 444
EMAIL: contact(at)luxcara.com
WEB www.luxcara.de
Contact MCG Management Capital Group
Lennéstr. 1
10785 Berlin
Germany
Managing Directors
Jörg Esser, Marco Manago
TEL +49 (0) 30 261 0333 0
FAX +49 (0) 30 261 0333 29
EMAIL info(at)mcg-group.de
WEB www.mcg-group.de
End of Corporate News
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03.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Q-Cells SE
Sonnenallee 17-21, OT Thalheim
06766 Bitterfeld-Wolfen
Germany
Phone: +49 (0)3494 - 6699-0
Fax: +49 (0)3494 - 6699-199
E-mail: q-cells(at)q-cells.com
Internet: www.q-cells.com
ISIN: DE0005558662, Wandelanleihe 2012: DE000A0LMY64,
Wandelanleihe 2014: DE000A1AGZ06, Wandelanleihe 2015:
DE000A1E8HF6
WKN: 555866
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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144580 03.11.2011
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