Ralos New Energies AG
ralos still top in Italy in 2011 – First large plant already successfully sold

ralos still top in Italy in 2011 – First large plant already successfully sold.

Current sale of Piazza Armerina solar farm confirms strong market position in Italy

Griesheim, 18 January 2011: ralos New Energies AG, a company actively involved in the construction of solar-powered plants, has had a splendid start to the 2011 financial year and can now announce the sale of ‘Piazza Armerina”, a further major project in Italy. Both this 3.6 MWp facility and the 5.3 MWp Troina project were bought by the subsidiary of a renowned German corporation listed on the MDAX that specialises in solar farms. ‘We are delighted,” said ralos CEO Albert Klein, ‘to have already implemented a second major project for this customer in just a very short space of time. As SMEs, we have many things in common and are thrilled by the high level of trust we have achieved – which is a good sign for the future!”

In addition to these two plants, ralos has already sold the company Ralos Sun Fields s.r.l.(RSF) with three solar farms, bringing its placement performance for freeland systems  in Italy to around 12 MWp with a sales contribution of more than €40 million. Regarding the company’s sales success in Italy, Albert Klein added: ‘Our early entry on the Italian market is increasingly becoming a strategic advantage for the ralos Group. With the regulations on remuneration for energy fed into the grid still highly attractive, we are seeing massive demand among our customers that we are now excellently positioned to serve thanks to the reputation we have acquired in Italy and our proven ability to deliver.” Other major projects have already reached an advanced stage in the process of obtaining the necessary approvals in some cases.

As part of the sale of RSF, Ralos New Energies acquired 49% in Ralos Northern Italy (RNI), bringing its share in this subsidiary to 100%. In addition to solar farms, RNI is a further established business pillar in Italy in the field of large rooftop systems for small and medium-sized customers. It sold systems with a volume of around 11 MW in 2010. Thus, the ralos Group can build large rooftop and freeland systems in every region of Italy.

With this positive momentum at the start of the new financial year, ralos New Energies AG should be facing the highest income for a first quarter in the company’s history. Further details on current business developments, including in Germany in particular, will be published shortly.

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, builds and operates 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
Hamburger Allee 26-28
60486 Frankfurt am Main
Tel.: +49 (0) 69 74 30 37 00
Fax: +49 (0) 69 74 30 37 22
bgi-ecotech@gfei.de
www.gfei.de