Hamburg, May 8th 2009 – Against the background of strong market changes the family office Dr. Happel informed us today that they have reduced their Conergy AG share from 14.13% to 9.26% due to a general portfolio shifting. This shifting will give the Renewable Energy sector less weight in the overall portfolio. Dr. Otto Happel: “Independent from this market-induced portfolio shifting I have full confidence in the members of the Board of Directors and the Management Board around Mr. Ammer himself, who continue to make good progress in the turnaround efforts.”
About Conergy
Since its founding in 1998, Hamburg-based Conergy AG has sold more than a gigawatt in renewable energy, making it one of the biggest European suppliers of solar energy and other renewable energies, and a world leader in solar system integration. Of the one gigawatt in renewable energies, Conergy has installed more than 400 megawatts in its major projects, Of the total one gigawatt, 200 megawatts falls to its wind energy park projects and 800 to its globally marketed solar modules. According to the German Solar Industry Association (BSW) this is just under a fifth of the entire installed photovoltaic output in Germany. Calculative one in ten modules worldwide was produced, sold or installed by Conergy.
Listed on the Frankfurt Stock Exchange since 2005, the group pursues a global growth strategy, The company now produces, installs and designs solar power systems and wind turbines in around 15 countries. The Conergy Group is represented with its own branches on four continents. |