Italian Subsidiary of SOLON Concludes Framework Agreement with Deutsche Bank for 150 MWp Power Plant Projects in Italy

Berlin, (PresseBox) - SOLON S.p.A., the Italian subsidiary of Berlin-based SOLON AG, concluded a framework agreement with Deutsche Bank for the development and construction of solar power plants in Italy. The agreement involves the development and construction of turnkey solar power plants with a total capacity of up to 150 MWp. The term of the agreement is from 2008 to 2010. The majority of the solar parks will be built in Southern Italy.

Thanks to its favorable geographic conditions and an attractive feed-in compensation scheme for solar energy, the Italian market is now the third most promising growth market in Europe after Germany and Spain. While according to the official Italian statistics, the total capacity of photovoltaic systems installed in Italy has reached only 120 MWp so far, the scope of this agreement underscores the fact that the photovoltaic business in Italy is now starting to pick up considerably.

About SOLON S.p.A:

The Italian photovoltaic company SOLON S.p.A. was founded in 1994 under the name S.E. Project s.r.l. and today is the largest solar module manufacturer in Italy. The company has more than 100 employees in Italy. SOLON S.p.A. has been part of the SOLON Group since 2006. For additional information, visit www.solon.it.

SOLON SE

Die SOLON Mobility GmbH entwickelt, implementiert und vermarktet Mobilitätskonzepte und -projekte auf der Basis Erneuerbarer Energien. Sie ist eine 100-prozentige Tochter der SOLON AG, einem der größten europäischen Solarmodulproduzenten und ein führender Anbieter von Photovoltaiksystemen für solare Großkraftwerke.

Die SOLON Gruppe ist mit Tochterunternehmen in Deutschland, Österreich, Italien, der Schweiz und den USA vertreten.

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