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 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 23.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 189753 23.10.2012
DGAP-News: S.A.G. Solarstrom AG: photovoltaic projects with around 35 MWp installed in Q3
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