SOLON AG wins contract for solar power plants in Spain

Berlin, (PresseBox) - Berlin-based SOLON AG, one of Europe's biggest manufacturers of solar modules and photovoltaic systems, has been awarded a contract to deliver several major power plants in Spain, further consolidating its strong position in the Spanish market. The agreement with a European financial investor envisages the delivery of power plant systems with an aggregate power output of 36 MW for projects on the Spanish mainland and on the Balearic islands. The implementation phase of the projects will commence in the fourth quarter of 2007 and they are scheduled to be completed by the first quarter of 2009.

Further agreements have been reached with the same customer to supply solar power systems for other projects in Spain with a total power output of 14 MW. These projects are to be developed and implemented by SOLON Solar Investments GmbH. This SOLON subsidiary specializes in the project development of major solar power plants for financial investors.

Since the launch of the SOLON Mover in 2005, SOLON AG has supplied systems with a combined power output of more than 20 megawatts for solar power plant projects in various regions of Spain. Further projects with a combined power output of more than 13 megawatts are already under construction. With a market volume of 105 megawatts in 2006, SOLON AG is one of the leading companies in the Spanish solar power market.

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