SOLON S.p.A. to expand its leading position in the Italian solar market
Berlin/ Carmignano di Brenta , February 5, 2008 - SOLON S.p.A. (formerly S. E. Project s.r.l.), the recently renamed Italian subisidiary of SOLON AG, Berlin/ Germany, and the largest manufacturer of photovoltaic modules in Italy is strengthening its leading position in the fast growing Italian photovoltaic market by building a new production site for solar modules in Carmignano di Brenta, Province of Padova. The new factory will have an annual capacity of 120 Megawatts bringing up the total production capacity of the company to 150 Megawatts by the end of 2008. In the course of this expansion, 200 additional jobs will be created at the Carmignano site, raising the total number of employees to 300 by the end of 2008. The total investment for the expansion will amount to 25 Mio. Euro.
The works for the construction of the new production site started in January 2008. The first of the three double production lines, totally automated, will be ramped up until the end of the first half of 2008, while the completion of the total installation is scheduled for December 2008.
The new production site will be dedicated to the production of SOLON P 220 solar modules as well as modules for the SOLON mover, a double axis tracking system designed for large solar power plants.
The existing production site operated by SOLON S.p.A. in San Pietro in Gù with an annual production capacity of 30 Megawatts will, in the future, mainly be used for the production of custom-made solar modules, e.g. glass-glass modules for projects of building-integrated photovoltaics such as the projects realized by S.E. Project for the Meyer Hospital in Florence or the Ipsia school in Rovigo.
Since January 2006, SOLON S.p.A., formerly operating under the name of S.E. Project s.r.l., has been part of Berlin-based SOLON AG für Solartechnik. SOLON is one of the largest solar module manufacturers in Europe and a leading supplier of photovoltaic systems for large-scale solar power plants with subsidiaries in Europe and the U.S. currently employing over 700 people group-wide. Early this year, S.E. Project was renamed SOLON S.p.A.
Press contact SOLON S.p.A:
Andrea Cortese
Via dell'industria e dell'artigianato 22/D
I- 35010 Carmignano di Brenta PD
Tel.: +39 049 9458 213
Fax: +39 049 9458 299
E-Mail: andrea.cortese@solon.it
Internet: www.solon.it
About SOLON S.p.A:
The Italian photovoltaic company was founded in 1994 by Domenico Sartore as S.E. Project s.r.l. and is now Italy's largest module producer. SOLON S.p.A. employs more than 100 people in Italy and at the end of 2008 it plans to hire 200 people more. At now it is finishing three big solar plants: a solar park of 2 MWp in Puglia, one of 2,2 in Emilia Romagna and one of 1,7 MWp installed on a industrial roof in Lombardia. It has been part of the SOLON Group since 2006. Additional information is available at www.solon.it
About SOLON AG:
SOLON AG für Solartechnik is one of the largest solar module manufacturers in Europe and a leading supplier of photovoltaic systems for large-scale solar power plants. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs more than 700 people worldwide. The SOLON Group's core business is the manufacture of solar modules in various performance categories and of complete photovoltaic systems for the construction of solar power plants.
Additional information is available at www.solonag.com
SOLON AG
Therese Raatz
Investor Relations
Telefon: 030 / 818 79 - 80 34
Telefax: 030 / 818 79 - 110
E-Mail: investor@solonag.com
