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SOLON AG to sell solar power plant in Spain to Meinl International Power Ltd.

(PresseBox) (Berlin, ) SOLON AG, headquartered in Berlin and one of Europe's largest manufacturers of solar modules and photovoltaic systems, has sold several large-scale power plants in Spain to expand on the Company's already strong position in the Spanish market.

The solar power plants were developed and implemented by SOLON Solar Investments GmbH, Freiburg, Germany, a SOLON subsidiary that specializes in planning large-scale power plant projects for financial investors.

The sale, which had a total volume of approx. Euro 87 million, was made to financial investor Meinl International Power Ltd. This is already the seventh investment that Meinl International Power Ltd. has secured in the fields of conventional and renewable energy since going public in the summer of 2007 and encompasses power plants at a total of four locations in the Spanish mainland and the Balearic Islands. The power plants will produce enough energy per year to supply 5,000 households with electricity from renewable resources.

Along with planning and implementing the photovoltaic power plant, the Freiburg project specialists are also structuring the financing for the project via LRP Landesbank Rheinland-Pfalz, Mainz, Germany. For this purpose LRP concluded a financing package with Meinl International Power, Ltd.and a project company. LRP is sole arranger of the financing. This represents the biggest project financing by LRP in Spain to date.

About LRP Landesbank Rheinland-Pfalz:
LRP's sector experts for renewable resources promote and oversee projects in the field of environmentally friendly energy production. The Bank is a competent partner in the structuring and financing of projects in the field of renewable energies.

About MIP Meinl International Power:
MIP is pursuing a variety of solar power plant projects in Europe and is currently working on an additional photovoltaic project in Spain with a planned output of more than 15 MWp. The Company has been listed on the Vienna Stock Exchange since the summer of 2007. It invests in power plant projects in the fields of conventional and renewable energies.


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.