SOLON press

News 2009.

SOLON SE concludes framework agreement with Norwegian energy group Statkraft for 40 MWp

Berlin, July 13, 2009. SOLON SE has concluded a framework agreement on the construction of photovoltaic power plants with Statkraft AS, Norway's biggest energy generator, for a total output of 40 MWp. The agreement signals the acquisition of a key strategic customer for SOLON. The solar power plants will be constructed in Spain. The agreement also gives SOLON exclusive rights to Statkraft's photovoltaic power plant activities in Spain. Statkraft is Europe's largest generator of renewable energy.

The framework agreement runs from 2009 until the end of the project in 2011. Statkraft will assume responsibility for on-site project development, with SOLON handling engineering and the construction and maintenance of turnkey power plants. Spain is a target area for solar power within Statkraft, which focuses on developing its own projects as well as acquiring licensed projects and operational solar parks.

"Supporting Statkraft in its comprehensive renewable energy operations and helping to develop the photovoltaic segment in the Statkraft portfolio will be an exciting project for us," says Thomas Krupke. Olav Hetland, Statkraft's Senior Vice President of Solar Energy adds: "We are looking forward to cooperating with Solon on solar parks in Spain. With this framework agreement in place, we will be able to act quickly when projects are ready for construction."

Statkraft is Europe's largest renewable energy company. The Group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European power exchanges. Statkraft also develops marine energy, osmotic power, solar power, and other innovative energy solutions. In 2008 Statkraft posted gross operating revenues of EUR 3.1 billion. The group employs 3,000 staff in more than 20 countries.

SOLON SE is one of the largest solar module manufacturers in Europe and a supplier of solar power plants. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs more than 900 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 as well as the construction of turnkey solar power plants.

Sylvia Ratzlaff
Public Relations
Phone: ++49/ 30 / 818 79 - 9310
Fax: ++49/ 30 / 818 79 - 9300

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