Ralos New Energies AG
Planning permissions

BGI EcoTech AG / Miscellaneous

23.11.2009 

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Corporate News, 23 November 2009

BGI EcoTech AG: Planning permissions

  - Two further project approvals obtained for major projects in Sicily

  - Total output of more than 8MWp / Forecast sales volume of more than EUR
    40m

  - Sicily project pipeline: total output of more than 50 MWp

  - Record forecasts for 2010 confirmed 

Kassel/Griesheim, 23 November 2009: BGI EcoTech AG has announced that it
has obtained planning permission for two major photovoltaic plants in
Sicily, southern Italy. BGI already has binding LOIs for the sale of both
projects to investors. As the granting of planning permission by the
Sicilian authorities was a key condition for the finalisation of the
purchase agreements, the Board of Directors expects the agreements to be
signed in the near future. Construction is scheduled to begin in the first
quarter of 2010. The sales volume for the two plants is expected to be
higher than EUR 40 million.

'As one of the two projects is one of the largest open-field photovoltaic
plants ever to be approved in Sicily, the projects are extremely demanding
in terms of both technical and commercial project management expertise.
Once again, we were able to benefit from our know-how in the area of
large-scale plant engineering and our local presence. From site
identification, securing the rights to the project and the implementation
of the approval procedure right through to the execution of the project, we
can offer end-to-end services via our subsidiary Ralos Italia Srl.
Procurement is performed by our head office in Germany. The plan is to
construct the projects using Moser Baer modules. In light of the positive
response to our projects at present, we are confident that we will be able
to participate in the booming Italian market to a significant extent,'
commented Albert Klein, CEO of BGI EcoTech AG.

Based on its strong order backlog and sales success, BGI is reiterating its
forecast of a substantial improvement in both sales and earnings in the
2010 financial year compared with the record figures reported in 2008. The
project pipeline currently has a volume in excess of 100MWp.

The Board of Directors





About BGI EcoTech AG: 

BGI EcoTech AG is a company specialising in the renewable energies growth
market, with a particular focus on photovoltaic systems. BGI EcoTech AG,
which was founded in 1990, operates as a holding company. With subsidiaries
and distribution companies in Germany, Austria, Spain, Italy, Canada, Czech
Republic and Dubai, BGI is represented in the most important and
potentially fastest growing markets worldwide. The company's largest
holding is Ralos Group, one of Europe's leading premium system solutions
providers in the photovoltaic field.

The company develops, plans, constructs and operates innovative
photovoltaic plants, the capacity of which ranges from private solar power
systems to powerful large-scale power plants of all sizes.



Contact:
Company contact:
 
BGI EcoTech AG
Kuhbergstraße 28
34131 Kassel      
Tel.: +49 (0) 561 93 87 70 
Fax: +49 (0) 561 31 24 51 
info@bgi-ecotech.de
www.bgi-ecotech.de



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



Contact:
Company contact:
 
BGI EcoTech AG
Kuhbergstraße 28
34131 Kassel      
Tel.: +49 (0) 561 93 87 70 
Fax: +49 (0) 561 31 24 51 
info@bgi-ecotech.de
www.bgi-ecotech.de



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





23.11.2009  Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      BGI EcoTech AG
              Kuhbergstr. 28
              34131 Kassel
              Deutschland
Phone:        +49 (0)561-93 87 70
Fax:          +49 (0)561-93 87 744
E-mail:       info@bgi-ecotech.de
Internet:     www.bgi-ecotech.de
ISIN:         DE0005203004
WKN:          520300
Listed:       Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt
 
End of News                                     DGAP News-Service
 
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