 Conergy appoints marketing and sales professional Andreas Wilsdorf to the Board of Directors
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| 02.03.2010 The Supervisory Board of Conergy AG has appointed Andreas Wilsdorf to the Management Board for Sales and Marketing. He begins his duties on March 15, 2010 and will be responsible for sales and the performance of the established Conergy brand. |
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Preliminary figures: Conergy significantly improves operating result in 2009 |
| 18.02.2010 Two years of intensive restructuring measures at Conergy AG are bearing fruit in the form of a significantly improved operating result in 2009. Despite the financial and economic crisis and sharp decline in demand from the Spanish market, the Hamburg company generated earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR -10.8m in 2009, compared with EUR -147.3m the previous year. |
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Conergy builds one of the largest photovoltaic plants on the American east coast |
| 8 December 2008 America’s energy and water suppliers are becoming green: By building “Ingram’s Mill Farm”, Conergy is erecting one of the largest photovoltaic plants on the east coast of the USA, and is therefore equipping the second large US water supplier with solar technology this year. |
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Conergy Deutschland and solar-konzept bring “Heimpersdorf” megawatt solar farm online |
| 04. November 2009 Conergy Deutschland GmbH has successfully connected the “Heimpersdorf” megawatt solar farm, with a peak output capacity of 2.4 megawatts, to the grid. The company sold the Bavarian solar farm to an investor in May and immediately forged ahead with construction. |
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Photovoltaics Conquer the North: Conergy sells the largest solar park in Northern Germany to an investor group |
| 26. August 2009 Conergy Deutschland GmbH has successfully sold the “Hörup“ solar park with peak power output of 4.2 MW to a group of investors. This means that the park in Hörup by Flensburg is currently the largest connected photovoltaic park in Northern Germany. A total of three investors, as well as a Citizens’ Solar Park (Bürgersolarpark) have invested in financing the project, which has an investment volume in the double-digit million range. |
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Conergy PowerPlus modules offer highest safety for photovoltaic equipment |
| 6 July 2009 Photovoltaics have for many years been one of the most lucrative and safe forms of energy production.20 years of fixed feed-in tariffs ensure stable profits.The technology itself delivers the highest level of sustainability and safety.Even so, there have been individual cases in which defective components or workmanship have nevertheless led to incidents.
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Conergy sells solar portfolio with a capacity of 10.7 MWp |
| 30 June 2009 Conergy Deutschland GmbH, one of the leading suppliers of products and solutions in the field of solar electricity generation, has successfully concluded the sale of three photovoltaic plants in Bavaria. This subsidiary of the publicly owned Conergy AG sold its solar park in Baar with a nominal capacity of 4.8 MWp, its photovoltaic plant in Gebersdorf with a nominal capacity of 2.3 MWp and its solar plant in Münster (Bavaria) with a nominal capacity of 3.6 MWp. |
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The Hamburg public prosecutor’s office has, inter alia, carried out searches at the offices of Conergy AG on 16 June 2009. |
| 16 June 2009 The Hamburg public prosecutor’s office has, inter alia, carried out searches at the offices of Conergy AG on 16 June 2009. The searches were conducted in the context of inquiries regarding alleged violations against provisions of the German Commercial Code (HGB) and the German Securities Trade Act (WPHG) in the period between November 2006 and April 2007. Conergy AG itself is not accused in the inquiries, as they are directed against certain individuals. |
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Australia: Planning Approval for 282 Wind Turbines |
| 10. June 2009 Conergy subsidiary EPURON GmbH has taken a significant step toward realisation of the biggest wind farm in Australia: on 3 June 2009, the government of New South Wales granted an approval for the first phase of the Silverton Wind Farm. The planning approval covers the installation of 282 wind turbines, which would generate enough energy to supply electricity to 200,000 households, near Silverton in far western New South Wales.
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Conergy Deutschland GmbH sells the Heimpersdorf megawatt solar park to investor |
| 08. June 2009 Conergy Deutschland GmbH, one of the leading providers of products and solutions related to solar power generation, has completed its sale of the large photovoltaic project in Heimpersdorf near Augsburg. The subsidiary of the quoted Conergy AG sold the solar park, with an installation volume of 2.4 megawatts, to an investor. |
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Conergy significantly improves cost structures and margins in 1st quarter of 2009 |
| 14. May 2009 At the Hamburg-based company Conergy AG the global financial market crisis, the market transition of the PV industry and a relatively long winter with heavy snow and rainfall have led to a revenue decrease of 69% to EUR 64.6m in the 1st quarter of 2009 (prior-year quarter: EUR 207.2m). Despite this decline, Conergy was able to increase its operating result (EBIT) by EUR 5m in the 1st quarter of 2009 to EUR -20.6m (previous year: EUR -25.6m).The net result after taxes was also significantly better in this period due to far more streamlined cost structures. It stood at EUR -27.9m compared with EUR -42.9m the previous year.
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Leemaster Ltd. Adjusts Conergy share due to market conditions |
| 08. May 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. |
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Solar energy from the region, for the region: Conergy Deutschland inaugurates a megawatt class thin-film park in Trier |
| 08.05.2009 With a ceremony in Föhren nearby Trier to mark the event, Conergy Deutschland GmbH, along with Trier Municipal Utilities, officially opened the seventh largest solar park in the world, with an output of 8.4 megawatts. |
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Anniversary Campaign: Conergy grants free warranty extension for PowerPlus Modules |
| 07.05.2009 On the occasion of its 10th anniversary, Hamburg-based Conergy AG would like to thank its loyal customers with an anniversary campaign launched a few days ago. |
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Conergy presents 2008 financial statements; solar expert joins Supervisory Board |
| 29.04.2009 Conergy AG today presented its 2008 financial statements. They show that, as previously reported, revenue increased by 40% to over EUR 1bn in 2008 (previous year: EUR 719m). |
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Conergy begins legal action against MEMC supply contract |
| 27.04.2009 Conergy will begin legal action to contest the 10-year contract to supply solar wafers to its plant in Frankfurt (Oder) agreed with the US company MEMC Inc. at the end of 2007. |
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Conergy inaugurates photovoltaic system on own factory roof |
| 23.04.2009 The company Conergy SolarModule GmbH & Co. KG has installed a photovoltaic system with a peak output of 378 kilowatts on the roof of its own factory in Frankfurt (Oder).On the large roof area covering 7,700 square meters, a local installation company installed a total of 1,800 Conergy PowerPlus solar modules in the record time of just ten working days.The green solar electricity is fed directly into the factory’s own power supply system and used in-house.
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Conergy Supervisory Board to take legal action against former Management Board members |
| 21.04.2009 The Supervisory Board of Conergy AG has ascertained various breaches of duty by the former Management Board following a comprehensive investigation that was commissioned by the Supervisory Board. |
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Nikolaus Krane retires from the Board of Conergy after reorganization of EPURON |
| 21.04.2009 The Supervisory Board of Conergy AG reached a mutual agreement with board member Nikolaus Krane regarding the termination of his contract with effect of 30.04.2009. |
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Financial statements of Conergy AG approved: further risks taken into account in the 2008 results |
| 20.04.2009 The Supervisory Board of Conergy AG today approved the consolidated financial statements for the 2008 fiscal year, as submitted by the Management Board. |
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BaFin drops investigation against Conergy |
| 17.04.2009 The Federal Financial Supervisory Authority (Bundesanstalt for Finanzdienstleistungsaufsicht - BaFin) has dropped its investigations against Conergy AG. |
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Conergy postpones announcement of end of year financial statement due to ongoing negotiations |
| 26.03.2009 Conergy AG is to postpone the announcement of its end of year financial statement which was originally planned for 27 March... . |
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Preliminary figures: Conergy increases its revenues to over EUR 1 billion. Earnings significantly below expectations due in particular to extraordinary items |
| 05.03.2009 Hamburg, 5 March 2009 – In a year of fundamental restructuring measures, the solar energy company Conergy has, according to preliminary figures, increased its revenues by 40% to EUR 1,006m (previous year: EUR 719m). |
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Change in the Supervisory Board of Conergy |
| 11.02.2009 As a consequence of the new shareholder structure of Conergy AG, changes have taken place in the Supervisory Board of the Hamburg solar provider: Dr. Dr. h.c. Andreas J. Büchting, Hans John Jetter, Alexander Rauschenbusch and Andreas Rüter laid down their office on January 31, 2009. |
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Norbert Apfel New Executive Board Member at Conergy Deutschland GmbH |
| 19.01.2009 The executive board of Conergy Deutschland GmbH has grown stronger: With Norbert Apfel (49) the Hamburg solar energy concern has brought another renowned executive aboard to direct German sales. |
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Conergy appoints Dr. Andreas von Zitzewitz as the new board member for Production, Purchasing and Supply Chain and the Components Division |
| 23.12.2008 The Supervisory Board of Conergy AG has appointed Dr. Andreas von Zitzewitz (48) starting January 1, 2009 as a member of the Board... |
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Conergy connects world's third largest thin-film solar park to the grid |
| 16.12.2008 Conergy Deutschland GmbH, one of the leading suppliers of
products and solutions in the field of solar electricity generation, completed work in Trier (Rhineland-Palatinate) on what is currently the third largest thin-film solar park in the world... |
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First Asia-Pacific Renewable Energy Trust Formed by Conergy Subsidiary EPURON and GE with US$250 Million Target |
| 15.12.2008 EPURON Pte. Ltd. Singapore, a regional subsidiary of the Conergy Group in Asia-Pacific, and GE (NYSE: GE) unit GE Energy Financial Services have launched Asia-Pacific's first renewable energy private trust to spur their growth and investments in wind, solar, small hydroelectric, biogas and biomass power generation throughout the region. |
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Conergy Asia-Pacific to develop Saudi Arabia’s first large-scale solar power plant |
| 11.12.2008 Conergy Asia-Pacific (a regional subsidiary of Hamburg-based Conergy AG) has been awarded a contract for a 2-megawatt solar power plant for Saudi Arabia’s King Abdullah University of Science and Technology (KAUST). |
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Conergy subsidiary EPURON sells another biogas plant to MVV Energiedienstleistungen |
| 08.12.2008 The German enterprise EPURON GmbH has sold another biogas plant to the energy service provider MVV Energiedienstleistungen... |
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Conergy completes capital increase – gross issue proceeds of approx. EUR 400m create a solid foundation for further growth |
| 03.12.2008 The Hamburg solar specialist Conergy AG has completed its capital increase. The company is to receive gross issue proceeds of EUR 399.3m. This means that, one year after beginning its restructuring, Conergy is gaining a capital structure which provides a solid foundation for the further development of the Conergy group. |
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Conergy Group completes the largest solar energy system on the U.S. East Coast |
| 19.11.2008 Conergy and its subsidiary EPURON have announced the completion and sale of the Exelon-Conergy Solar Energy Center... |
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BaFin approves share prospectus – Capital increase will be implemented |
| 17.11.2008 The Federal Financial Supervisory Authority (BaFin) on Friday evening14th November approved the share prospectus for the capital increase of Conergy AG... |
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Conergy increases turnover by 65% in the first 9 months of 2008 |
| 14.11.2008 The Hamburg solar specialist Conergy AG has seen dynamic growth once more in Q3 of 2008 and has made further progress in its restructuring programme... |
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Conergy announces capital increase worth around EUR 400m |
| 14.11.2008 The Management Board of Conergy AG, with the approval of the Supervisory Board, has decided on a rights issue worth around EUR 400m yesterday... |
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Conergy sells the world’s third-largest thin-film photovoltaic plant to a German issuing house |
| 12.11.2008 Conergy AG has sold the photovoltaic plants “Igling-Buchloe” and “Neuhaus” to a German issuing house... |
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Conergy Group successfully concludes financing for three Spanish megawatt photovoltaic plants |
| 11.11.2008 With the successful conclusion of the financing for the Spanish major projects Manzanares, Herrera and Chinchilla by the HSH Nordbank, the Conergy Group has now financed all the major projects realised in 2008 in Spain via its subsidiary EPURON. |
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Conergy Deutschland inaugurates three thin-film solar parks of the megawatt class in Bavaria |
| 30.10.2008 In the Bavarian town of Baar near Augsburg, Conergy Deutschland GmbH inaugurated three thin-film solar parks of the megawatt class today, during a ceremony attended by German parliament members Gabriele Fograscher (SPD) and Hans Raidel (CSU)... |
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LG Electronics ends negotiations on Joint Venture in Frankfurt (Oder) due to global financial crisis |
| 06.11.2008 6th November 2008, Hamburg, Germany – Due to the worldwide financial crisis and changes in strategic direction, the Korean company LG Electronics (LG) has informed Hamburg-based Conergy AG (Conergy) that it currently does not wish to proceed with the acquisition of a majority stake in Conergy’s solar module production in Frankfurt (Oder) through a joint venture. LG will however continue to review other options for cooperation with Conergy, a leading global downstream player.
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Revised Agreement with Warburg Pincus: Successful completion of sale of Conergy Wind |
| 27.10.2008 Conergy AG has today completed the sale of its wind turbine generator business "Conergy Wind" to Warburg Pincus, the global growth investor. |
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Certified Quality: Conergy Germany once more achieves official TÜV seal in the field of photovoltaics |
| 1 October 2008 Conergy Germany GmbH, one of the leading suppliers of products and solutions in the field of solar power generation, has, for the fifth time in a row with its services and industry experience in the area of photovoltaics, fulfilled the highest requirements of TÜV Rhineland (Technical Inspection Association) and achieved its official seal of quality as an installation company. |
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All technical requirements now in place for immediate capital increase |
| 25.09.2008 Conergy AG has quickly reached settlements with all 25 shareholders who raised objections to the increase in the capital stock presented by the AGM on 28 August 2008. |
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Conergy has reached agreement with 19 shareholders to waive any legal action against the capital increase |
| 21.09.2008 At the Landgericht Hamburg, Conergy AG reached a legal settlement with 19 shareholders who objected to all resolutions made at the company’s annual general meeting on 28 August 2008 and especially to the resolution approving the capital increase. |
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Statement of Conergy AG |
| 12.09.2008 Media coverage of intended joint venture in Frankfurf (Oder) from 12.09.2009 |
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Conergy and LG Electronics sign MOU for Strategic Joint Venture in Solar Module Production |
| 11.09.2008 LG Electronics (LG), a global leader and technology innovator in consumer electronics, and Conergy AG, the leading Photovoltaic (PV) solution provider, announced that they have signed a memorandum of understanding to form a joint venture in the solar module manufacturing business. |
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Sale of the „Conergy Wind“ division to Warburg Pincus |
| 09.09.2008 Further Milestone in the Process of Re-Focusing on the Photovoltaic Core Business achieved
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Mounting system and inverter business to operate independently on the market in future |
| 02.09.2008 Spin-off expands international customer base and allows for additional growth - The Conergy Group continues with its restructuring plans. In doing so, it also affords its production units increased responsibility: The mounting system and inverter area will respectively operate independently on the solar market as of 1. September 2008.
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Conergy shareholders back increase in capital |
| 28.08.2008 By an overwhelming majority, the shareholders of Conergy AG have agreed to the company’s planned increase in capital exceeding current levels by up to 450 million euros. |
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Renewable energies: Conergy hits the 1 gigawatt mark |
| 22.08.2008 Almost a tenth of the photovoltaic capacity installed worldwide comes from Conergy
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Conergy completes construction of Asia’s largest photovoltaic plant in record time |
| 13.08.2008 The Conergy Group has successfully completed the construction of what is currently Asia’s largest photovoltaic plant. |
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Conergy increases sales significantly – EBITDA in second quarter is positive once again with EUR 1 million |
| 08.08.2008 Conergy AG, the Hamburg-based solar energy company, has significantly grown its business in the first half of 2008, which saw significant restructuring. |
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Merger of German sales companies concluded early |
| 04.08.2008 The Conergy Group has merged both of its largest German companies faster than planned, both operatively as well as legally. |
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CFO Dr. Spiekerkötter remains committed to Conergy in the long-run |
| 25.07.2008 On Thursday 24. July 2008 Conergy AG denied the speculations stated in a magazine on the resignation of Dr. Jörg Spiekerkötter.
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Conergy seeks significant strengthening of its balance sheet with an equity issue of approximately €450 million |
| 17 July 2008 The Management Board of Conergy AG with the consent of the Supervisory Board today announced plans for a significant increase of the company’s equity base to substantially strengthen the balance sheet of the company.
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MEMC and Conergy announce amended solar wafer supply contract to support Conergy’s new downstream strategy |
| MEMC Electronic Materials, Inc. (NYSE: WFR) and Conergy (CGY.DE) today announced the amendment of their 10-year wafer supply contract. |
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Conergy Group again sells biogas system to MVV Energiedienstleistungen |
| 27 June 2008 MVV Energiedienstleistungen GmbH, is taking over a biogas plant in Vosshöhlen, Schleswig-Holstein, which is planned by EPURON GmbH, a subsidiary of listed Conergy AG. MVV Energiedienstleistungen will reinforce its commitment in the area of biogas due to this acquisition. |
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EPURON sells multi-megawatt solar park in Spain to investors |
| 18 June 2008 The subsidiary of the stock-listed company Conergy AG concluded the financing for El Calaverón, one of the world’s largest photovoltaic power plants, and sold it to investors. |
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SunTechnics GmbH will be integrated into Conergy by end of year |
| 12 June 2008 Conergy positions itself with a standardized business unit for all customer groups – Customers of SunTechnics will continue to be served by the consolidated group
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Mathias Kamolz new plant director at Conergy SolarModule in Frankfurt (Oder) |
| 3 June 2008 Mathias Kamolz (46) will be taking office as managing director at Conergy SolarModule GmbH & Co. KG with immediate effect. He will head the plant management of the production site in Frankfurt (Oder). The graduated physics engineer will significantly contribute to the build-up of one of the world’s most modern solar factories. |
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Bundling all PV activities makes Conergy even more efficient and competitive |
| 27 May 2008 The Conergy group is further simplifying its structures by placing all photovoltaics business under the roof of “Conergy PV”. EPURON’s photovoltaics business in developing and financing large solar power plants will soon be handled by Conergy PV too. |
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Conergy sells SunTechnics solar heating business in Belgium |
| 21 May 2008 Conergy AG has parted company with the solar heating business of its wholly-owned SunTechnics subsidiary in Belgium. Thus, the Conergy Group has now disposed of around half of its non-strategic activities. |
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Sales increased by 53% in the first quarter; Conergy improves gross margin from |
| 9 May 2008 Conergy AG, the Hamburg-based solar energy company, has regained momentum in the first quarter of 2008 and increased sales by 53% to EUR 203 million, compared to the same quarter last year. |
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Concentration of logistics activities of Conergy AG completed |
| 16 April 2008 Hamburg. Just 12 months after construction began, Hamburg-based Conergy AG, listed on the stock exchange, has completed the move of its logistics and service departments to its new European distribution and logistics centre. |
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Conergy making good progress with restructuring; sales above EUR 1 billion planned in 2008 |
| 9 April 2008 Five months after the start of its restructuring programme, Conergy AG is significantly more tightly and efficiently organised and is making good progress with its strategic repositioning. |
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Conergy sells first PowerWind 56 wind turbines |
| 27 March 2008 At the start of the European Wind Energy Conference (EWEC) in Brussels, Conergy Wind GmbH, a subsidiary of the listed company Conergy AG, has announced the sale of its first two PowerWind 56 (900 kW) wind turbines. |
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Pepyn R. Dinandt leaves Conergy Management Board following finalisation of significant restructuring decisions |
| 14 March 2008 The Supervisory Board of Conergy AG has reached an agreement with Board Member Pepyn R. Dinandt with regard to the termination of his contract as of 30th April 2008. His Board mandate ends at his own request |
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Conergy IPG 300K: Even more power through transformerless technology |
| 13 March 2008 With the Conergy IPG 300K, Conergy is extending its IPG series of inverters. The new central inverter with an AC output of 270 kW does not require low-voltage transformers. As a result, the Conergy IPG 300K attains an extremely high top efficiency of 97.0 % and a European efficiency of 96.5 %. |
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Conergy sells solar thermal production in Austria |
| 4 March 2008 Last Wednesday Conergy AG successfully hived-off its solar thermal production in Althofen, Austria. With this step Conergy is further pushing ahead its restructuring process, and the associated focus as a supplier in the strong margin solar power business.
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Founding of works council: election body wants to constructively support reorganisation |
| 22 February 2008 At a staff meeting at Conergy headquarters in Hamburg yesterday, the employees appointed an election committee that is to prepare the forthcoming election of the works council for the Hamburg location. |
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Successful sale of thermal activities in Belgium and the Netherlands |
| 19 February 2008 Further important step in aligning the Conergy Group as focused provider in the solar energy business. As part of the realignment of the Hamburg Conergy AG as a focused provider in the solar energy business, the company has successfully sold its thermal activities in Belgium and the Netherlands. |
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Conergy secures financing for turnaround and further growth |
| 5 February 2008 Conergy AG has secured follow-up financing with the support of a banking consortium. Commerzbank AG and Dresdner Kleinwort have provided the TecDax-listed solar energy company with additional liquidity of a total of € 240 million. |
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