EUROVOLTAIC PLC
Eurovoltaic Plc takes delivery of solar power plants in Spain
EUROVOLTAIC PLC / Miscellaneous 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. ---------------------------------------------------------------------- Eurovoltaic Plc, a private owned pan-European Independent Power Producer (IPP), is happy to announce that it has taken delivery of Belmez, a 10.856 megawatt photovoltaic solar power project located near Cordoba in Spain. The plant is operational, connected to the national power grid and has obtained its RIPRE Certificate from the Spanish authorities; therefore the solar power plant participates of the high feed-in compensation of up to € 0.45 / kWh/h. Belmez was planned and constructed by Systaic AG, a listed German solar power company, and was delivered on time and at its projected costs. Systaic successfully integrated and co-ordinated the deliveries of three different solar panel manufacturers and installed over 50,000 solar modules on the 33.75 hectare site. Systaic’s Spanish subsidiary will also provide the operation and maintenance (O&M) services for the next 25 years. Mark Blundell, CEO of Eurovoltaic said 'We are delighted with the high quality execution of our Belmez project. We look forward to working with our strategic alliance partner Systaic on our subsequent developments in Sardinia.' Eurovoltaic Plc’s parent company, ZHT Holding S.A. in Luxembourg, has recently obtained the rights to build 29.4 megawatts of integrated rooftop solar projects in Sardinia. Planning discussions are currently underway with Systaic AG, and groundbreaking is anticipated during Q4 2008. Further investments in Sardinia are planned and the ZHT group will pour up to 500 million Euros into infrastructure and solar power plants. Thereby Eurovoltaic Plc will have an important part with a high share in the market in producing solar electricity in Europe. EUROVOLTAIC PLC Tower 42 25 Old Broad St. London EC2N 1HN United Kingdom Tel: +44 (0) 207 877 0030 Fax: +44 (0) 207 877 0031 www.eurovoltaic.eu mailbox@eurovoltaic.eu Investor Relations: ZHT Treuhand GmbH Schadowstr. 11e 40212 Düsseldorf Germany Tel: +49 (0) 211 30 187-0 Fax: +49 (0) 211 30 187-187 www.zht.de 01.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found