Sale includes another photovoltaic plant as well; a total of 9 megawatts successfully sold
Hamburg – Conergy AG has sold the photovoltaic plants “Igling-Buchloe” and “Neuhaus” to a German issuing house. The plants have been completed and are feeding power into the public grid. Both plants were planned and developed by the Conergy subsidiary EPURON, financing was ensured by a German regional bank.
The third-largest thin-film photovoltaic plant in the world: as large as 25 football fields
With a total power output of some 5.8 megawatts, the Bavarian “Igling-Buchloe” plant is the third-largest thin-film photovoltaic plant in the world. Here, 78,210 First Solar thin-film modules are supplying environmentally-friendly electricity every day on the basis of a module surface area of 56,311 m2. This is then fed into the electricity grid via 20 Conergy inverters. With its 183,000 m2, the plant is roughly as large as 25 football fields.
At 3.3 megawatts, the sister plant “Neuhaus” in Baden-Württemberg, which uses the same components, is a little smaller. Here as well, the Conergy Group installed 44,937 First Solar Modules with a total surface area of 32,354 m2 and integrated 12 Conergy inverters. Together, both thin-film plants generate a total output of some 9 megawatts – thus supplying almost 3,000 households with environmentally-friendly electricity every day.
Thin-film modules are increasingly popular
Up until a few years ago, thin-film solar modules hardly played a role on the market. They have now become a genuine alternative to modules made out of crystalline silicon solar cells and are being increasingly deployed by Conergy in large projects as well. In the first six months of 2008 alone, thin-film modules composed about 25 percent of the total power output in Spain and Germany sold and installed by the Hamburg solar energy group. The First Solar modules used by Conergy attained mass production capacity some time ago: They can thus be produced at reasonable costs and are not dependent on silicon as a raw material. With the use of this technology Conergy is ensuring the consistent expansion of renewal energy projects even in periods with bottlenecks on the silicon market. Thin-film modules will thus experience even further growth in the future, particularly in Germany.
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 20 countries. The Conergy Group is represented with its own branches on five continents.
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This communication is neither a prospectus nor does it constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG and it does not substitute the prospectus. Subject to the approval by the German Financial Supervisory Authority a securities prospectus will be published prior to the offer period and made available free of charge by Conergy AG and the coordinators. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Supervisory Authority.
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The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan.
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