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SOLON Sells Solar Power Plants with a Combined Capacity of 4.6 MW in Italy


Berlin, Germany, 24. October 2011. The solar technology company SOLON has sold a solar power plant with a capacity of 1.5 MW in the northern Italian province of Udine to EAM Solar AS, a Norwegian investment company who has also committed to buy a power plant with a capacity of 3.1 MW located just 10 km away. The two power plants generate a combined annual capacity of approx. 7,070 megawatt hours of electricity, which is enough to power more than 1,885 homes and save approx. 5,000 metric tons of CO2 emissions every year.

Featuring dual-axis tracking systems with SOLON PV modules, the solar power plants have already been connected to the power grid and are eligible for subsidies under the Conto Energia II scheme. The sale also includes a 5-year service and maintenance contract for SOLON. In both projects the Trento-based Italian company Solar 3 secured and prepared the sites for construction while SOLON oversaw planning, installation and project management.

“We have found a financially strong and experienced partner in EAM Solar, a company who shares our commitment in long-term quality. SOLON power plants deliver high yields on a consistent basis - so that your initial investment actually pays off," says Stefan Säuberlich, CEO of SOLON SE.

“We are satisfied with this opportunity to acquire high quality, high efficiency power plants, which are representative of the type of assets that EAM Solar is investing in. We look forward to working with SOLON in the years forward,” says Viktor E. Jakobsen, Chairman of EAM Solar.

About EAM Solar AS

EAM Solar AS is an investor in solar power plants in Italy and other European markets which are managed by EAM Solar Park Management, a Norwegian asset management company. The EAM SPM team combines experience from international solar power and utility industry and the Nordic investment banking industry. EAM SPM has offices in Oslo, Norway and Rome, Italy.

About SOLON SE:

SOLON SE is one of Europe’s largest solar module producers and a provider of solar systems technology for large-scale rooftop and free-field installations. The SOLON Group has subsidiaries in Germany, Italy, France, and the US and currently employs more than 800 people. Its core business is the manufacture of solar modules and photovoltaic systems and the design and construction of large-scale rooftop installations and turnkey solar power plants around the world.

SOLON SE
Sylvia Ratzlaff
Public Relations
Tel.: +49 (0)30 818 799 310
Fax: +49 (0)30 818 799 300
Email: sylvia.ratzlaff@solon.com
www.solon.com


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