Sinosol AG
Sinosol AG: is building the first thin-film solar park for Malibu GmbH & Co. KG in southern France
Sinosol AG / Contract Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Sinosol AG has realized the first 1MWp solar park as a planner and general contractor for Malibu GmbH & Co. KG, a joint venture of Schüco International KG and E. ON AG, using the new thin-film modules from Malibu. In a record construction period of 4 weeks the first section of the solar park, that will have a total installed power of up to 5 MWp, has been realized on the challenging 20 ha site in the mountains of southern France. The turn-key work was finished on time for the official inauguration of the Malibu plant in Osterweddingen on June 4th, 2009. Besides the thin-film modules from Malibu, Sinosol has been using inverters from SMA and proprietary Sinosol rack technology 'SolBase' in the project. 'We are proud to have implemented this reference project for MALIBU successfully and on time. The Malibu modules represent state-of-the-art thin-film technology and have very positive features for the use in large projects. The installed fixing rail on the back of the frameless PV module, so called 'back-rails', have been designed excellently by Malibu for an easy installation on the bearing system is an example for the importance Malibu has given on the design and construction of product details', said Raphael Krause, member of the Executive Board of Sinosol AG. 'With Sinosol we have gone for an established and experienced provider of turnkey photovoltaic systems who has also excellent references for challenging sites. We are very satisfied with the results of this first joint project', states Konrad Kaiser, Managing Director of Malibu and of Schüco's solar division. Sinosol AG: Sinosol-Group is an international provider of photovoltaic systems and solutions as well as a project developer and turn-key solution provider of solar parks. Sinosol has extensive experience in planning and turn-key implementation of numerous international major projects, including for example a 15 MWp solar park in southern Spain. As a German-Chinese group it benefits from established networks in both home markets, in sourcing as well as in sales. The activities of the Sinosol Group are currently focused on the European and Chinese markets. The annual turnover for the last financial year of Sinosol AG was EUR 122 million. Malibu GmbH & Co KG: Malibu GmbH & Co. KG is a joint venture of Schüco International KG and E. ON AG. Malibu's goal is to improve the efficiency of the integration of photovoltaic modules in building facades through the use of thin-film technology. Malibu is specialized in the research, development and production of silicon photovoltaic modules using thin-film technology. Raphael Krause Member of the Executive Board Sinosol AG Wilhelm-Leuschner-Strasse 79 60329 Frankfurt am Main Phone: +49 69 244 0425 0 Fax: +49 69 244 0425 15 Email: ir@sinosol.com Web: www.sinosol.com 08.06.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sinosol AG Friedrichstr. 8 70174 Stuttgart Deutschland Phone: +49 711 722 33 900 Fax: +49 711 722 33 909 E-mail: info@sinosol.com Internet: www.sinosol.com ISIN: DE000A0JEQK6 WKN: A0JEQK Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / Designated to be listed End of News DGAP News-Service ---------------------------------------------------------------------------
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