DGAP-News: S.A.G. Solarstrom AG / Key word(s): Miscellaneous
S.A.G. Solarstrom AG: photovoltaic projects with around 35 MWp
installed in Q3
23.10.2012 / 10:52
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S.A.G. Solarstrom AG: photovoltaic projects with around 35 MWp installed in
Q3
- 15.2 MWp of which, on converted areas in Germany, was put into operation
by the deadline of September 30
- largest individual project in Jüterbog, Brandenburg, with 10 MWp
Freiburg, October 23, 2012. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008) has installed
photovoltaic systems with a total output of around 35 MWp in projects and
through its Partner Sales in Q3. All projects were constructed and put into
operation as planned by the due date, including a 10 MWp project on a
former converted military area in Jüterbog, Brandenburg. The S.A.G.
Solarstrom Group is thus substantiating its goal of achieving an
installation volume of over 100 MWp for the whole of 2012.
'Even though the market environment has remained very challenging, we still
consider our planned sales goal for the entire year to be realistic', says
Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG.
6.2 MWp was implemented in the business area Partner Sales and altogether
28.8 MWp in the business area Project Planning and Plant Construction, 2.1
MWp of which was in roof-top projects in Italy, 2 MWp in a ground-mounted
project in Spain and 24.7 MWp in Germany. Almost 15.2 MWp of the projects
implemented in Germany are in converted areas in Brandenburg,
Mecklenburg-Vorpommern, Saxony, Saxony-Anhalt and Thuringia. For converted
areas which were already in the process of respective approval procedures
before February 24, 2012, a transition period applied under the Renewable
Energy Act up to September 30. Systems that were put into operation by this
date were to receive 15.95 Eurocents per kWh for the electricity they
produced.
The largest individual project to be implemented in Q3 is a 10 MWp system
in Jüterbog, Brandenburg, in an area formerly used for military purposes.
The system will produce around 9,700 MWh per year and will thus, in terms
of figures, be able to supply around 2,400 four-person households. At the
same time, the system will save over 6,600 tons of CO2 in electricity
production.
'The industry continues to experience a very difficult phase of
consolidation. We can see that from our Partner Sales. Some drastic cuts in
the feed-in tariff in Germany, as well as in other European countries, have
led to a considerable increase in market uncertainty', explains Dr. Karl
Kuhlmann. As a result of the decline in system prices, a higher percentage
of projects needs to be implemented in order to achieve designated sales
volumes. In addition, the banking and financial crisis continues to impede
the financing of photovoltaic projects, particularly in Southern Europe.
This difficulty is compounded by the fact that second and third-tier
international module manufacturers have increasingly thrust their way on to
the distribution market in Germany, in some cases with questionable product
quality and have thus further intensified competition. 'For investors, this
is a risk that cannot be underestimated', says Kuhlmann, 'because these
systems will never achieve the forecast yield'. However, despite the price
pressure, S.A.G. Solarstrom AG will not accept any compromises in the
quality of the components used.
'Although we were once again able to achieve a positive operating result in
Q3, as planned, we will continue to consistently implement our cost
reduction program in order to prepare the Group, from a position of
strength, for the continued difficult market situation which can be
foreseen for the next few months', says the CEO. 'As the ongoing
discussions on the Renewable Energy Act levy show, we need to reckon with
the fact that the Renewable Energy Act in its current form will have a
half-life of less than 12 months. It is our task to lead the Group safely
and solidly through the transition phase, from a supported market to a
competition-oriented market in which photovoltaic power - and I am
convinced of this - will demonstrate its advantages over conventional
energy sources'.
About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent
provider of high-quality photovoltaic plants configured to customers'
individual needs. The Group constructs efficient plants of all sizes both
in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at
its own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote service and maintenance, as well as insurance and financing. The
Group thus offers a comprehensive value chain in photovoltaics, from yield
reports, planning, construction, operations, and monitoring to
optimization, repowering, and deconstruction.
Founded in 1998, S.A.G. Solarstrom AG is considered a pioneer in the solar
industry. Around 210 specialists work at the four locations in Germany and
the foreign subsidiaries.
S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock
Exchange as well as according to the rules and standards M:access of the
Munich Stock Exchange.
Further information: www.solarstromag.com
Contact:
S.A.G. Solarstrom AG
Sasbacher StraÃe 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311
e-mail: pr@solarstromag.com / ir@solarstromag.com
End of Corporate News
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Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Germany
Phone: + 49 761 4770 0
Fax: + 49 761 4770 555
E-mail: mail@solarstromag.com
Internet: www.solarstromag.com
ISIN: DE0007021008
WKN: 702100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart
End of News DGAP News-Service
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189753 23.10.2012
DGAP-News: S.A.G. Solarstrom AG: photovoltaic projects with around 35 MWp installed in Q3
| Source: EQS Group AG