Ralos New Energies AG
ralos New Energies AG reports successful General Meeting – positive earnings as of July – Board of Directors sees 2011 as year of systematic consolidation

ralos New Energies AG reports successful General Meeting – positive earnings as of July – Board of Directors sees 2011 as year of systematic consolidation

Griesheim – 09 September 2011 – ralos New Energies AG, a national and international service provider and project developer for roof-mounted solar systems and solar farms, held its Annual General Meeting for the 2010 financial year with a high degree of approval from the shareholders. With more than 50% of the share capital represented, all proposals by the management as listed in the agenda were adopted unanimously or virtually unanimously.

Particularly noteworthy was the election of Dr. Wolfgang Weirich, Chairman of the Supervisory Board of meeco AG, Zug (Switzerland), a company with a broad-based international sales positioning, as an additional member of the Supervisory Board of ralos New Energies AG. The meeco Group has been operating on the solar market since 2002 and has designed and marketed solar power systems with a volume of over 200 MWp during this period.

Other key results of the General Meeting include the implementation of the Board of Directors' optimisation plan by means of the control and profit transfer agreement concluded between ralos New Energies AG and ralos Projects GmbH, and the creation of new authorised capital in line with the options under stock corporation law.

In addition to a commentary on the business performance in 2010, the report by the CEO and CFO Martin Meurer was dominated chiefly by the current situation in the first half of 2011 and expected further development. The Group generated positive earnings in the period up to July. The completion of a number of major projects, as already reported, and the subsidiary Ralos Northern Italy GmbH, which operates in the industrial roof-mounted solar system business, made a significant contribution to this operating economic success.

The ralos Board of Directors did not issue an earnings forecast for 2011. Much depends on the extent to which other major projects can offset the reduced project pipeline in Italy.

ralos New Energies AG has already begun compensating for this with the 4.4 MWp 'Prunu' project on Corsica, which is to be completed in cooperation with the meeco Group by the end of September, and its first project in Bulgaria, which has already been negotiated in full and has a volume of 4.9 MWp.

In this context, the CEO characterised 2011 as a year in which the necessary adjustments to the changed market conditions must be systematically implemented. The goal, he stated, is to return to profitability in national roof-mounted solar system business in 2012 and to ensure constant profitability and liquidity overall by means of a more diversified project and service pipeline.

ralos anticipates significant stimulus for demand for solar power systems in the coming years as a result of achieving 'grid parity', that is, the price competitiveness of solar electricity as compared to conventional electricity.

The Board of Directors

About ralos New Energies AG:
ralos New Energies AG (formerly BGI EcoTech AG) specialises in the growth market of regenerative energies, particularly photovoltaics. The company, which was founded in 1990, is a management holding company. With subsidiaries and distributors in Germany, Spain, Italy, United Kingdom, France, Canada and Dubai, Ralos is represented in the most important and potentially fastest growing international markets. Ralos Vertriebs GmbH, one of Europe's leading systems solutions providers in the field of photovoltaics, is the company's most important holding.
The company develops plans and builds innovative photovoltaics plants, ranging from private solar electricity systems to large-scale high-output plants of all sizes for industrial clients.

Company contact:

Registered address:
Dieselstraße 12
64347 Griesheim

Mailing address:
Pfungstädter Str. 100a
64297 Darmstadt

Tel.: +49 (0)6151 95165-0
Fax.: +49 (0)6151 95165-20
info@ralos-new-energies.com
www.ralos-new-energies.com



Investor relations contact:

GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Tel.: +49 (0) 69 74 30 37 00
Fax: +49 (0) 69 74 30 37 22
ralos-new-energies@gfei.de
www.gfei.de